Gift Nifty Signals Positive Start with a 76-Point Rise for Indian Markets Amid Global Gains

India’s equity benchmarks are expected to open on a positive note today, following strong cues from Asian markets and optimism around a potential US Federal Reserve rate cut. Gift Nifty traded 76 points, or 0.30%, higher at 25,282 on the NSE International Exchange, signalling a firm start for the domestic market on Wednesday.

Global Sentiment Boosts Market Mood

Asian markets displayed a steady rebound, providing support to investor sentiment. Japan’s Nikkei and Hong Kong’s Hang Seng rose by around 1% each, while South Korea’s KOSPI gained nearly 2%. 

The broader rally in Asian equities came amid increasing confidence that the US Federal Reserve could announce a rate cut later this month, a move that investors hope will support global growth.

On Wall Street, the performance was mixed as markets digested diverse economic signals. The S&P 500 declined 0.16% to 6,644.31, while the Nasdaq slipped 0.76% to 22,521.70. In contrast, the Dow Jones Industrial Average managed a gain of 0.44% to 46,270.46, reflecting varied investor expectations.

India-US Trade Talks and IMF Growth Outlook

Market optimism was also supported by renewed focus on India-US trade relations. Reports suggest that both nations are preparing for discussions this week, with India expected to boost energy imports from the United States.

Meanwhile, the International Monetary Fund (IMF) raised India’s GDP growth forecast for FY26 to 6.6%, compared to its earlier estimate of 6.4%. However, it trimmed its projection for FY27 to 6.2%. Globally, the IMF anticipates economic growth to ease from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026.

Commodity and Currency Market Update

In the commodities segment, spot gold extended its upward trend, rising 0.9% to $4,179.80 per ounce, supported by geopolitical tensions and expectations of lower US interest rates. Oil prices, however, edged down slightly. Brent crude futures slipped 0.1% to $62.33 per barrel, while US crude declined 0.07% to $58.66, after the International Energy Agency warned of a potential supply surplus in 2026.

The US dollar remained largely stable, with the dollar index at 99.055, as comments from the Federal Reserve reinforced expectations of an imminent rate cut.

Corporate and Market Flows

In corporate news, Tech Mahindra reported a 4.8% sequential rise in Q2FY26 net profit to ₹1,195 crore, supported by revenue growth and improved margins.

Foreign portfolio investors (FPIs) were net sellers of Indian equities worth ₹1,508.53 crore on Tuesday, while domestic institutional investors (DIIs) bought shares worth ₹3,661.13 crore, providing some support to the market.

Read more: Crude Oil Prices Dip on Wednesday Amid Supply Glut Concerns and Rising U.S.-China Trade Tensions

Conclusion

With Gift Nifty signalling early strength, Indian markets may open higher today. However, sentiment could remain cautious due to muted quarterly earnings and ongoing foreign investor selling. Global trends, commodity prices, and Q2FY26 results are expected to guide short-term market direction.

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