The benchmark Indian equity indices, Sensex and Nifty 50, are expected to open on a positive note, tracking gains in GIFT Nifty and relatively stable global cues.
Investor attention is firmly on domestic political developments, particularly the outcome of key state assembly elections, along with global geopolitical updates and crude oil price movements.
In the previous trading session on April 30, 2026, markets ended lower. The Nifty 50 declined 180.10 points, or 0.74%, to close at 23,997.55, while the Sensex fell 582.86 points to settle at 76,913.50.
GIFT Nifty is trading higher by around 100 points, indicating a likely gap-up start for domestic markets. The early signal suggests improved sentiment despite recent volatility.
Market participants are closely tracking the assembly election results across Assam, West Bengal, Tamil Nadu and Kerala. Political stability and continuity are expected to influence near-term market sentiment, with outcomes in key states likely to drive sector-specific movements.
Global attention remains on rising tensions in West Asia. US President Donald Trump has indicated efforts to ensure safe passage of ships through the Strait of Hormuz under a proposed initiative. Ongoing discussions with Iran are being closely monitored for potential geopolitical impact.
Asian markets opened on a cautious note as investors assessed geopolitical developments. Hong Kong’s Hang Seng futures signal a modestly positive bias, while markets in Japan and China remained closed due to public holidays.
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US equity futures traded largely flat, reflecting investor caution amid geopolitical uncertainty. Futures linked to the S&P 500 and Nasdaq 100 hovered near unchanged levels, while Dow Jones futures posted marginal gains.
Crude oil prices edged lower following developments in the Strait of Hormuz and expectations of increased supply from OPEC+ members. Brent crude futures slipped to around $107.88 per barrel, offering some relief on the inflation front.
Foreign institutional investors (FIIs) remained net sellers, offloading equities worth ₹8,047.86 crore. Meanwhile, domestic institutional investors (DIIs) provided support, purchasing shares worth ₹3,487.10 crore in the previous session.
Markets are likely to open higher, supported by GIFT Nifty gains, but may remain volatile as investors react to election outcomes and global geopolitical developments. Crude oil trends and institutional flows will also play a key role in shaping 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.
Published on: May 4, 2026, 8:05 AM IST
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