The benchmark Indian equity indices, Sensex and Nifty 50, are poised for a gap-up opening on Thursday, following a sharp recovery in Asian and US markets.
Sentiment has improved as crude oil prices stabilise and fears of an economic slowdown ease, helping global indices bounce back from recent heavy losses.
This rebound comes after a volatile period for domestic markets. On Wednesday, the NSE Nifty 50 closed the session 385 points (or 1.55%) lower at 24,480, while the BSE Sensex tumbled 1,122 points (or 1.40%) to settle at 79,116, reflecting the bearish sentiment that had gripped investors.
Gift Nifty was trading near the 24,700 mark, at a premium of about 63 points to the previous close of Nifty futures. This indicates a likely gap-up start for domestic indices, aligning with the positive momentum seen across global peers.
Asian indices surged on Thursday morning, staging a dramatic recovery from the previous session's selloff. The rebound was led by South Korean markets, which bounced back sharply.
South Korea's Kospi jumped over 12% on open, on course for its best day ever, while the small-cap Kosdaq rose more than 11%.
Japan's Nikkei 225 rallied 4%, recovering from a 3% slump in the prior session.
Hong Kong Hang Seng index futures were at 25,534, signalling a stronger open compared to the last close of 25,249.48.
US equity markets closed on a positive note as concerns over sustained high crude oil prices and their impact on economic growth began to fade. The recovery helped snap a three-day losing streak for the Dow.
The Dow Jones Industrial Average added 238.14 points, or 0.49%, to close at 48,739.41.
The S&P 500 gained 0.78%, ending the session at 6,869.50.
The Nasdaq Composite moved 1.29% higher, settling at 22,807.48.
In the commodities market, prices moved upward. Crude oil stabilised after recent volatility, while gold also saw gains.
Crude Oil: WTI crude prices were trading at $75.68, rising 1.37%, while Brent crude prices climbed 0.91% to $82.15. On COMEX, crude oil prices rose 1.46% to $75.75 a barrel.
Gold: The rate for 24-carat gold in India today is Rs 1,61,810 per 10 grams, a rise of nearly 0.3% from yesterday. On COMEX, the precious metal was trading 0.93% higher at $5,182.30 an ounce.
Silver: On COMEX, silver prices surged 1.29% to trade at $84.260 per troy ounce. In India, the silver rate remained flat at Rs 2.65 lakh per kilogram.
Foreign institutional investors remained net sellers on Wednesday, while domestic institutions continued to provide support. The rupee depreciated against the dollar in the previous session.
FII/DII Data (March 04, 2025): Foreign institutional investors (FII) were net sellers of shares worth Rs 8,752.65 crore. On the other hand, Domestic institutional investors (DII) were net buyers to the tune of Rs 12,068.17 crore, according to provisional NSE data.
US Dollar: The US Dollar Index (DXY) was down 0.07% at 98.71. The rupee depreciated 0.73% to close at 92.15 against the US dollar on March 04.
Despite the market rebound, geopolitical tensions in West Asia remain a key factor for investors to monitor. Israel’s military has initiated a fresh "wave of strikes" targeting military infrastructure in Iran.
Meanwhile, US lawmakers voted against a war powers measure that would have limited presidential authority to order further military action without Congressional approval, keeping the geopolitical risk premium in play.
Markets are poised for a positive opening, tracking strong global rebounds and stabilising crude oil prices. While this offers short-term relief, persistent geopolitical tensions and sustained FII selling warrant caution. Investors should remain vigilant, as global cues will likely dictate the market's trajectory in the coming sessions
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: Mar 5, 2026, 8:29 AM IST
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