GIFT Nifty Today, February 24: Futures signal risk-on after SCOTUS tariff ruling
Gift Nifty today points to a risk-on tone as traders react to the US Supreme Court scrapping Trump-era tariffs. Monday’s rally in Indian equities lifted sentiment and set up a constructive bias into the open. We will watch GIFT Nifty live for confirmation, alongside cues from global equities and commodities. Sector rotation remains in focus, with banks, autos, and financials showing strength while IT lagged. Uncertainty around a potential revised 15% tariff plan still hangs over trade-sensitive pockets.
Risk-on cues after US court tariff verdict
The US Supreme Court’s move to strike down sweeping tariffs improved global risk appetite by easing immediate trade-war fears. For India, that reduces near-term pressure on exporters and import costs tied to global supply chains. The softer macro overhang fed into Monday’s rally, improving breadth and setting up constructive sentiment for Gift Nifty today and the cash market open.
We expect GIFT Nifty live to mirror firmer risk sentiment at the start, though follow-through will depend on global futures and Asian equity cues. A supportive US dollar and steady crude would add to the tone. Any reversal in these macro levers could cap gains. Gift Nifty today will also reflect positioning resets after Monday’s spike.
Indian benchmarks opened higher and held gains after the verdict, reinforcing a risk-on bias. On Monday, Nifty50 closed at 25,713 and the Sensex finished at 83,294, signaling broad buying interest as per the Times of India. This sets reference points for traders into today’s session.
Sector setup and India open playbook
Banks and lenders outperformed Monday on improved risk appetite and stable macro cues. If Gift Nifty today opens firm, we will watch large private banks and diversified financials for leadership. Credit growth trends and stable funding costs help sentiment, while any uptick in bond yields or global risk wobble may slow momentum.
Autos gained on hopes that lower trade frictions support input costs and demand confidence. For India’s open, two-wheelers and passenger vehicles could extend moves if commodity cues stay benign. Broader domestic cyclicals tied to consumption and capex may also see follow-through, provided GIFT Nifty live sustains positive breadth at the open.
IT lagged as investors rotated to domestic cyclicals. A firmer rupee and cooling US growth concerns can weigh on exporter earnings visibility. For the India open, we will monitor large-cap IT for mean reversion attempts. Any fresh headlines on a revised 15% tariff plan could add volatility to export-heavy pockets and short-term earnings sentiment.
Futures, levels, and intraday drivers
With Monday’s close near 25,713, traders may use that zone as an initial pivot for Nifty 50 futures. Sustained trade above prior-day highs would favor momentum strategies. Failure to hold opening gains can bring quick mean reversion. Watch advance-decline, cash market volumes, and sector leadership to validate any early move in Gift Nifty today.
For Sensex today, banks and autos likely shape direction, with defensives acting as ballast. Keep an eye on crude, the dollar index, and Asian peers for cross-asset cues. If global equities stay firm, dips could be shallow. A sharp turn in commodities or currency may force rapid sector rotations intraday.
Options positioning around weekly expiries can amplify moves. Monitor intraday changes in put-call ratios and rising open interest for confirmation. If implied volatility expands without price follow-through, expect whipsaws near open. Headlines about US tariff policy, along with domestic flows, will influence Gift Nifty today and GIFT Nifty live through the session.
Final Thoughts
Gift Nifty today points to a constructive start after the US court ruling eased trade fears. Monday’s gains in banks, autos, and financials set the tone, while IT remains the swing factor. We will track Nifty 50 futures relative to Monday’s close for early confirmation, alongside market breadth and cash volumes. Macro cues like crude and the dollar can reinforce or challenge the open. If global risk holds firm, dips may attract buyers in domestic cyclicals. Still, talk of a revised 15% tariff plan and exporter sensitivity keep headline risk alive. A disciplined approach, focusing on sector leadership and validation from options flow, should help traders manage intraday volatility.
FAQs
What is GIFT Nifty and why does it matter for India’s open?
GIFT Nifty is a derivatives contract traded at GIFT City that mirrors the Nifty 50 and runs almost around the clock. It offers an early signal on the likely gap and tone for the India cash market at 9:15 AM IST. Traders watch it to prepare entries and risk levels.
How does the US court tariff ruling impact Indian equities?
The ruling eased immediate trade-war worries, which supports global risk appetite. For India, that can help exporters, input cost visibility, and sentiment in cyclicals. It lifted domestic equities on Monday, as noted by NDTV. Follow-through still depends on fresh headlines and global market cues.
Which sectors could lead or lag after the open today?
Banks, financials, and autos showed strength on Monday and could lead if risk sentiment stays firm. IT may lag if the rupee firms or if investors stay with domestic cyclicals. Any new tariff-related headlines could shift leadership quickly, so watch breadth and volumes for confirmation.
What should day traders track alongside GIFT Nifty live?
Track Nifty 50 futures versus Monday’s close, sector leadership, advance-decline, and cash volumes. Watch crude and the dollar for macro signals. Options data such as changes in open interest and implied volatility can confirm intraday moves or warn of whipsaws near the open.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.