Gift Nifty Indicates Steady Opening; Global Markets Show Mixed Trends

The Gift Nifty traded slightly higher in early Tuesday trade, suggesting a muted but positive start for Indian equities. At 25,319, the index was up 7.70 points or 0.03 percent, reflecting a premium of nearly 10 points over the previous Nifty futures close. 

The movement hints at a cautious opening for the Nifty, Sensex, and Nifty Bank, with investors tracking global and domestic developments closely.

Global Trends Shape Early Market Sentiment

Asian markets opened mixed, setting a neutral tone for Indian indices. Japan’s Nikkei slipped around one percent, while South Korea’s KOSPI traded with similar gains. The Hang Seng Index was largely unchanged. 

Wall Street’s strong overnight performance provided some support, with the S&P 500 rising 1.56 percent, the Nasdaq up 2.21 percent, and the Dow Jones gaining 1.29 percent after a softer stance on US-China trade tensions.

Meanwhile, Brent crude was marginally higher at $63.56 per barrel after OPEC projected that global oil supply would align closely with demand next year. Gold prices rose 0.7 percent to $4,138.39 per ounce, reflecting continued investor interest in precious metals amid trade uncertainty.

Domestic Cues and Market Outlook

Back home, traders are watching corporate earnings, tariff developments, and new listings such as LG Electronics India. The Gift Nifty might stay range-bound as markets digest Q2 results and global trade dynamics. 

According to Motilal Oswal Financial Services, domestic fundamentals remain stable, but short-term volatility is likely as investors assess tariff measures and global growth prospects.

Provisional data shows that foreign portfolio investors (FPIs) sold ₹240.10 crore worth of Indian equities on Monday, while domestic institutional investors (DIIs) purchased ₹2,333.42 crore, helping limit downside pressure.

Read more: Why India Is Facing a Severe Silver Shortage Ahead of Diwali?

Nifty, Sensex and Nifty Bank Levels to Watch

Kotak Securities noted that 25,150 and 25,100 are key support levels for the Nifty50, while resistance lies between 25,350 and 25,400. A move above 25,350 could lead to further gains up to 25,500, according to SBI Securities.

On the banking front, the Nifty Bank index shows positive momentum, forming a bullish candle on the charts. Support is seen near 56,300, while resistance lies between 57,000 and 57,300.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.