Gift Nifty Today: Indian Markets Set for Rebound After Sharp Sell-Off

India’s benchmark equity indices, the Sensex and Nifty 50, are poised for a higher opening on Wednesday, February 26, recovering from a steep decline in the previous session. The anticipated rebound comes amid strong cues from global markets.

Asian equities advanced in early trade, while Wall Street closed firmly in positive territory overnight, driven largely by strength in technology stocks.

On Tuesday, Indian markets witnessed broad-based selling pressure as fears surrounding AI-led disruption dampened global investor sentiment. The risk-off mood triggered sharp declines across sectors.

The Sensex plunged 1,068.74 points (1.28%) to settle at 82,225.92. Meanwhile, the Nifty 50 dropped 288.35 points (1.12%) to close at 25,424.65.

Gift Nifty Signals Positive Opening

Gift Nifty was trading near the 25,672 level, reflecting a premium of about 72 points over the previous close of Nifty futures. This indicates a likely gap-up opening for the domestic indices.

Asian Markets Rally

Asian markets traded higher on Wednesday, tracking gains on Wall Street.

• Japan’s Nikkei 225 advanced 1.11%, while the broader Topix index remained largely flat.
• South Korea’s Kospi climbed 0.77%, crossing the 6,000 mark for the first time.
• The Kosdaq edged up 0.22%.
• Hong Kong’s Hang Seng index futures signalled a positive start.

The upbeat momentum in regional markets has strengthened expectations of a recovery in Indian equities.

Wall Street Extends Gains

US markets ended Tuesday’s session on a strong note, led by a rally in software and technology stocks.

• The Dow Jones Industrial Average rose 370.44 points (0.76%) to 49,174.50.
• The S&P 500 gained 52.32 points (0.77%) to finish at 6,890.07.
• The Nasdaq Composite surged 236.41 points (1.05%) to close at 22,863.68.

The positive global sentiment is expected to lend support to Indian equities in the upcoming session.

Also Read: LAT Aerospace, Backed by Zomato Founder Deepinder Goyal, Acquires Sharang Shakti

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