Gift Nifty in Green; Sensex and Nifty 50 Likely to Open Positively on September 29

India’s benchmark indices, Sensex and Nifty 50 are expected to open higher on Monday, aided by gains in Gift Nifty, despite mixed global market cues.

Gift Nifty Today

The Gift Nifty traded near the 24,810 mark, around 120 points above Nifty futures’ previous close. This indicates a gap-up opening for Indian markets, offering some relief after last week’s sell-off.

Asian Market Overview

Asian equities traded mixed as investors monitored risks of a potential US government shutdown. Japan’s Nikkei 225 declined 0.68% and the Topix dropped 1.27%. On the other hand, South Korea’s Kospi gained 1.05% and Kosdaq added 0.82%. Hong Kong’s Hang Seng futures pointed to a higher opening.

Wall Street Insights

US equities ended higher on Friday following largely in-line inflation data. The Dow rose 299.97 points (0.65%) to 46,247.29, the S&P 500 gained 38.98 points (0.59%) to 6,643.70, and the Nasdaq added 99.37 points (0.44%) to 22,484.07. However, all three indices ended the week lower, breaking recent winning streaks.

Domestic Market Recap

On Friday, domestic markets closed sharply lower, marking a sixth consecutive session of losses. Sentiment was hit by renewed Trump tariffs on pharmaceuticals and continuous foreign fund outflows. The Sensex fell 733.22 points (0.90%) to 80,426.46, while the Nifty 50 slipped 236.15 points (0.95%) to 24,654.70.

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

Conclusion

With Gift Nifty trading in the green, Indian markets are set for a positive start on Monday. However, global headwinds such as US political uncertainty, foreign outflows, and trade tensions may continue to weigh on sentiment.

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