The benchmark Indian equity indices, Sensex and Nifty 50, are likely to open on a strong note on Thursday, supported by upbeat global market sentiment and gains in GIFT Nifty.
Investor sentiment improved after global equities rallied overnight, although concerns surrounding geopolitical tensions in West Asia, volatile crude oil prices and rupee weakness continue to remain on traders’ radar.
Market participants are expected to closely monitor movements in crude oil, currency markets and global developments, as fluctuations in energy prices could influence oil-linked, commodity and export-oriented sectors.
In the previous trading session on May 20, 2026, domestic equity markets recovered from intraday lows to close in positive territory. The Nifty 50 gained 41 points, or 0.17%, to settle at 23,659, while the Sensex rose 118 points, or 0.16%, to close at 75,318.
GIFT Nifty jumped nearly 200 points, or around 0.8%, in early trade, indicating a strong opening for the Indian stock market. Positive global cues and easing concerns around crude oil prices supported the upward momentum.
Asia-Pacific markets traded firmly higher on Thursday, following gains on Wall Street. Japan’s Nikkei index advanced more than 1%, while Australia’s S&P/ASX 200 also gained over 1% during early trading hours.
Investor sentiment across Asian markets improved amid optimism surrounding global equities and expectations of stable economic conditions despite ongoing geopolitical uncertainties.
US markets closed sharply higher on May 20, supported by broad-based buying across major sectors.
The Dow Jones Industrial Average surged 645 points, or 1.31%, to close at 50,009.35. The S&P 500 climbed 1.08% to settle at 7,432.97, while the Nasdaq Composite advanced 1.54% to end at 26,270.36.
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Oil prices traded higher in early trade, although Brent crude hovered near the $105 per barrel mark, offering some relief to investors tracking inflationary pressures and import costs.
West Texas Intermediate (WTI) crude gained 0.78% to trade at $99.03 per barrel, while Brent crude rose 0.73% during the session.
Market participants remain cautious as any sharp movement in crude oil prices or further weakness in the rupee could impact overall market sentiment in the near term.
Indian markets are expected to witness a positive start on Thursday, supported by strong global cues and gains in GIFT Nifty. However, investors are likely to remain cautious amid geopolitical tensions, currency volatility and fluctuations in crude oil prices.
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Published on: May 21, 2026, 8:05 AM IST
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