Gift Nifty Hints at Positive Opening for Sensex and Nifty 50 on September 2

India’s benchmark indices, Sensex and Nifty 50are expected to open higher on Tuesday, tracking positive global cues after the Shanghai Cooperation Organization (SCO) Summit in Tianjin, though concerns around tariffs continued to weigh on sentiment.

Gift Nifty Today

The Gift Nifty hovered around 24,759, nearly 30 points above the Nifty futures’ previous close, hinting at a positive opening for Indian equities.

Asian Market Overview

Most Asian markets traded in the green as investors assessed outcomes of the SCO meet. Japan’s Nikkei 225 rose 0.31%, the Topix added 0.28%, South Korea’s Kospi gained 0.45%, and the Kosdaq edged 0.14% higher.

Wall Street Insights

US markets remained closed on Monday for the Labour Day holiday.

RBI Data

India posted a current account deficit of $2.4 billion (0.2% of GDP) in Q1 FY26, widening due to a larger merchandise trade gap. This compares with a $8.6 billion deficit (0.9% of GDP) in the same quarter last year.

Domestic Market Recap

On Monday, both indices snapped a three-day losing streak and closed with strong gains across sectors. The Sensex surged 555 points, or 0.70%, to end at 80,364.49, while the Nifty 50 advanced 198 points, or 0.81%, to settle at 24,625.05.

Also Read: IDFC First Bank vs Yes Bank vs Axis Bank: Comparing Q1 FY26 Earnings Results!

Conclusion

With Gift Nifty signaling a firm start and strong global cues, Indian markets are likely to continue their rebound momentum, though tariff concerns may limit upside.

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