Gift Nifty Today: Indian Benchmark Indices NSE and BSE Set to for a Positive Start on Jan 16

Indian equity benchmarks, the Sensex and Nifty 50, are likely to begin Friday’s session on a positive note, supported by modest gains in global markets despite mixed cues overseas.

Asian equities were largely mixed in early trade, while Wall Street ended higher overnight, driven by strength in banking and semiconductor stocks. Domestic equities did not trade on Thursday as the BSE and NSE remained closed due to the municipal corporation elections in Maharashtra.

GIFT Nifty Today

GIFT Nifty was hovering near the 25,787 mark, trading at a premium of around 68 points over the previous close of Nifty futures, signaling a positive start for Indian equities.

Asian Markets

Asian markets traded mixed on Friday. Japan’s Nikkei 225 eased 0.52%, and the Topix lost 0.57%. South Korea’s Kospi edged up 0.26%, while the Kosdaq declined 0.59%. Hong Kong’s Hang Seng index futures pointed to a higher opening.

Wall Street

US equities snapped a two-day losing streak on Thursday, led by gains in banking and chip stocks. The Dow Jones Industrial Average advanced 292.81 points, or 0.60%, to 49,442.44. The S&P 500 rose 17.87 points, or 0.26%, to 6,944.47, while the Nasdaq Composite added 58.27 points, or 0.25%, to end at 23,530.02.

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Indian Stock Market Recap

In the previous session on Wednesday, Indian markets extended their decline for a second straight day, pressured by lingering uncertainty surrounding an India–US trade agreement and continued foreign portfolio investor outflows. The Sensex slipped 244.98 points, or 0.29%, to settle at 83,382.71, while the Nifty 50 fell 66.70 points, or 0.26%, to close at 25,665.60.

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