Gift Nifty Trades Higher: Signals a Positive Start for Indian Stock Market

Indian equity benchmark index, the Sensex and the Nifty 50, are likely to open on a positive note on Wednesday, tracking strength across global markets.

Asian indices posted solid gains, echoing the upbeat sentiment from Wall Street, where US stocks rallied overnight as investors grew more confident about a potential interest rate cut by the US Federal Reserve.

Back home, domestic markets extended their losing streak for a third straight day on Tuesday. The Sensex slipped 313.70 points (0.37%) to end at 84,587.01, while the Nifty 50 closed 74.70 points (0.29%) lower at 25,884.80.

Gift Nifty

Gift Nifty hovered near 26,149, around 93 points above the previous close of Nifty futures, suggesting a firm start for Indian indices.

Asian Markets

Asian equities moved higher in early trade on Wednesday, boosted by the sharp rebound in US stocks. Japan’s Nikkei 225 climbed 1.5%, while the broader Topix index advanced 0.9%. South Korea’s Kospi was up 1.08% and the Kosdaq rose 0.64%. Futures for Hong Kong’s Hang Seng Index also signalled a positive opening.

Wall Street

US markets closed sharply higher on Tuesday as investors priced in a greater likelihood of a Fed rate cut. The Dow Jones Industrial Average surged 664.18 points (1.43%) to 47,112.45. The S&P 500 rose 60.77 points (0.91%) to 6,765.89, and the Nasdaq Composite added 153.59 points (0.67%) to settle at 23,025.59.

India–EU FTA Talks

India and the European Union reiterated their aim to finalise negotiations on the Free Trade Agreement (FTA) by year-end, while also pushing forward discussions on the Investment Protection Agreement and the Agreement on Geographical Indications.

Also Read: NTPC Green Energy Share Price in Focus After Lock-in Period Ends: Shares Worth Over ₹55,000 Crore to Open

US–China Trade Developments

US President Donald Trump said he urged China’s President Xi Jinping to speed up and expand China’s purchases of American goods during a recent phone call—adding that Xi had “more or less agreed” to the request.

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