Gift Nifty Today: Sensex and Nifty Set for Positive Start as GIFT Nifty Gains; Global Markets Supportive

The benchmark Indian equity indices, Sensex and Nifty 50, are likely to open on a positive note on Thursday, supported by firm global cues and improving sentiment across Asian markets. 

Investors are expected to closely monitor developments in West Asia along with movements in global equities, currencies and commodity prices, which may influence market direction during the session. 

GIFT Nifty Signals Positive Opening 

Early indicators point towards a strong start for domestic markets. GIFT Nifty is trading higher by nearly 107 points, or around 0.45%, suggesting that the Nifty 50 could open in the range of 23,300–23,400. 

Previous Session: Markets End Higher 

Indian equities recorded a sharp rally in the previous session. The Sensex surged 1,263.67 points, or 1.64%, to close at 78,111.24. Meanwhile, the Nifty 50 gained 388.65 points, or 1.63%, to settle at 24,231.30. 

Asian Markets Trade Higher 

Asian markets witnessed broad-based gains in early trade, reflecting positive global sentiment. Japan’s Nikkei 225 advanced 0.81%, while the Topix index rose 0.70%. South Korea’s Kospi climbed 1.03% and the Kosdaq gained 0.77%. Australia’s S&P/ASX 200 also edged higher by 0.22%. 

Read More: Paras Defence Share Price Gains Over 8%; Enters Agreement with Bandak Aviation Inc. for Air-to-Air Refueling Systems! 

Mixed Trends on Wall Street 

US markets ended on a mixed note in the previous session. The S&P 500 rose 0.80% to close at 7,022.95, while the Nasdaq Composite gained 1.59% to settle at 24,016.02. However, the Dow Jones Industrial Average slipped marginally by 0.15% to end at 48,463.72. 

Crude Oil Prices Edge Lower 

Oil prices eased slightly, with West Texas Intermediate declining 0.4% to $90.91 per barrel. Brent crude also fell 0.20% to $94.72 per barrel, indicating some cooling in energy prices. 

US Dollar and Rupee Movement 

The US Dollar Index (DXY), which tracks the greenback against a basket of major currencies, was marginally lower by 0.09% at 98. The Indian rupee weakened slightly, depreciating 0.01% to close at 93.38 against the US dollar. 

FII and DII Activity 

On April 15, foreign institutional investors remained net buyers, purchasing equities worth ₹666 crore. In contrast, domestic institutional investors turned net sellers, offloading shares worth ₹569 crore. 

Conclusion 

Positive signals from GIFT Nifty, gains across Asian markets and steady global cues are likely to support a firm opening for Indian equities. However, investors will continue to track geopolitical developments and institutional flows for further direction. 

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 or 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. 

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