Gift Nifty Signals a Firm Opening for NSE and BSE Amid Positive Global Cues

The Indian equity market is set for a positive opening on Friday, December 19, with benchmark indices Sensex and Nifty 50 likely to rebound after 4 straight sessions of declines. Market sentiment has turned upbeat, supported by encouraging global cues. Asian markets followed Wall Street’s overnight gains after softer US inflation data reinforced expectations of potential Federal Reserve rate cuts, while easing concerns around the technology sector further boosted risk appetite.

Gift Nifty Update

At around 08:10 AM, GIFT Nifty futures were trading at 25,955, up 15 points, or 0.06%, indicating a flat start opening for Indian indices. However, earlier trends showed Gift Nifty hovering near 25,933, up nearly 60 points or 0.23% from the previous Nifty futures close, suggesting mixed signals but with a positive undertone.

Asian Markets

Asian stocks advanced on Friday after cooling US inflation data strengthened expectations of Federal Reserve policy easing and improved sentiment on Wall Street. Equity markets in Japan and Australia moved higher, while Hong Kong equity futures also gained. 

The rally followed a strong overnight performance in the US, where the S&P 500 climbed 0.8% and the Nasdaq 100 surged 1.5%. As of 9:18 a.m. Tokyo time, S&P 500 futures were flat, Hang Seng futures rose 0.6%, Japan’s Topix gained 0.5%, and Australia’s S&P/ASX 200 added 0.5%. Euro Stoxx 50 futures advanced 1%, reflecting broad-based optimism across global markets.

Wall Street

US equity markets ended Thursday’s session on a strong note as softer-than-expected inflation data renewed hopes of interest-rate cuts by the Federal Reserve. Sentiment was further lifted by an upbeat outlook from semiconductor major Micron, which boosted confidence in AI-driven demand. 

The latest Consumer Price Index data showed inflation rose less than anticipated in the year through November. However, the Bureau of Labor Statistics did not publish month-on-month CPI data due to disruptions caused by the prolonged government shutdown, which halted October data collection.

Also Read: Finance Minister Introduces Securities Markets Code Bill in Lok Sabha

Indian Market Recap

On Thursday, December 18, Indian equity indices ended nearly flat with a slight negative bias, as the lack of fresh triggers kept investors on the sidelines. The Sensex slipped 78 points, or 0.09%, to settle at 84,481.81, while the Nifty 50 edged down marginally by 3 points, or 0.01%, to close at 25,815.55.

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.