Gift Nifty Today: Sensex and Nifty Set to Extend Gains Amid Global Optimism

The benchmark Indian equity indices, Sensex and Nifty 50, are likely to open on a stronger note on Wednesday, supported by positive global developments and improving investor sentiment. 

Markets are reacting to easing crude oil prices and renewed optimism surrounding a potential Iran deal, which has boosted risk appetite across global equities. 

On Tuesday, May 5, 2026, domestic markets ended lower, with the Nifty 50 declining 87 points, or 0.36%, to close at 24,033, while the Sensex dropped 252 points, or 0.33%, to settle at 77,017. 

Gift Nifty Signals Positive Start 

Gift Nifty was trading at 24,324, up 214.5 points or 0.89% as of early morning trade, indicating a likely gap-up opening for domestic indices. The upbeat trend reflects improved global sentiment and supportive macroeconomic cues. 

Asian Markets Trade Higher 

Asian equities opened on a strong note, tracking gains on Wall Street and a decline in oil prices. South Korea’s Kospi surged 4.50% to reach a new peak, while Hong Kong’s Hang Seng futures indicated a steady opening. However, the Kosdaq edged slightly lower, and Japanese markets remained closed due to a holiday. 

Renewed Hopes of Iran Deal 

Investor sentiment improved following developments in West Asia, where progress has been reported towards a potential agreement between the United States and Iran.  

The easing of geopolitical tensions and expectations of improved trade routes have contributed to the positive market mood. 

Wall Street Ends Higher 

US markets closed Tuesday’s session on a strong footing, driven by optimism over geopolitical developments and continued strength in corporate earnings. 

The S&P 500 rose 0.81% to close at a record 7,259.22, while the Nasdaq Composite gained 1.03% to finish at 25,326.13. The Dow Jones Industrial Average advanced 356.35 points, or 0.73%, to settle at 49,298.25. 

Read More: Punjab National Bank Share Price in Focus on Q4 FY26 Earnings Results: Net Profit up 12.5% YoY! 

Crude Oil Prices Ease 

Crude oil prices declined, offering relief to inflation concerns. West Texas Intermediate (WTI) crude futures fell around 1.20% to $101.05 per barrel, while Brent crude slipped approximately 1.13% to $108.69 per barrel. 

FII and DII Activity 

Foreign institutional investors (FIIs) remained net sellers, offloading equities worth Rs 3,519.06 crore. In contrast, domestic institutional investors (DIIs) provided support, purchasing shares worth Rs 2,756.56 crore. 

US Dollar Movement 

The US Dollar Index declined 0.22% to 98.27, indicating some weakness in the greenback. Meanwhile, the Indian rupee depreciated 0.20% to close at 95.28 against the US dollar. 

Conclusion 

Positive global cues, easing crude prices and improving geopolitical sentiment are likely to support a rebound in Indian equities. Investors will continue to monitor global developments and institutional flows for further market 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.