The benchmark Indian equity indices, Sensex and Nifty 50, are likely to open on a weaker note on Thursday, tracking negative global cues and a sharp rise in crude oil prices following geopolitical tensions.
Investor sentiment remains cautious as the United States’ continued blockade on Iranian ports has triggered a surge in oil prices, raising concerns over inflation and economic stability.
On Wednesday, April 29, 2026, domestic markets ended on a positive note, supported by buying interest across sectors. The Nifty 50 gained 182 points, or 0.76%, to close at 24,177, while the Sensex advanced 609 points, or 0.79%, to settle at 77,496.
Gift Nifty was trading at 24,187, down 69 points or 0.28% as of early morning trade. It had earlier indicated a sharper decline of over 100 points, signalling a likely gap-down opening for Indian benchmark indices.
Asian markets opened mostly lower on Thursday, reflecting overnight losses on Wall Street and the impact of surging oil prices.
Japan’s Nikkei 225 declined 0.91%, while the Topix index fell 1.48%. South Korea’s Kospi edged up 0.36%, whereas the Kosdaq slipped 0.25%. Hong Kong’s Hang Seng futures also pointed to a weaker opening.
US equity markets closed on a subdued note, pressured by rising oil prices and ongoing geopolitical tensions. The Dow Jones Industrial Average dropped 280.12 points, or 0.57%, marking its fifth consecutive day of losses. The S&P 500 edged down 0.04%, while the Nasdaq Composite ended marginally higher by 0.04%.
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Crude oil prices continued their upward trajectory amid supply concerns. West Texas Intermediate (WTI) crude traded around $107 per barrel, while Brent crude surged close to the $120 per barrel mark, intensifying inflationary worries globally.
Foreign institutional investors (FIIs) remained net sellers, offloading equities worth Rs 2,185.95 crore. In contrast, domestic institutional investors (DIIs) provided some support to the market, purchasing shares worth Rs 1,869.68 crore.
The US Dollar Index slipped slightly by 0.09% to 98.87. Meanwhile, the Indian rupee weakened by 0.31% to close at 94.85 against the US dollar, reflecting pressure from global developments and rising oil prices.
Weak global cues, elevated crude oil prices and continued foreign fund outflows are expected to weigh on market sentiment. Investors are likely to remain cautious, tracking geopolitical developments and commodity price movements 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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 30, 2026, 7:36 AM IST
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