Market Indices Today: Sensex, Nifty Seen Opening Higher After GIFT Nifty’s 1.1% Surge

Sensex, Nifty 50 are expected to begin Friday’s trading session on a positive note after GIFT Nifty climbed around 255 points, or 1.1 percent, to trade near 23,455 in early deals. The strong indication suggests that the Nifty 50 could open well above Thursday’s closing level of 23,161.60, while the BSE Sensex is also likely to recover after ending 151 points lower in the previous session.

The positive opening is supported by strong global market cues, easing crude oil prices, and improving investor sentiment. A broad rally across Asian and US equity markets has increased confidence that Indian equities could witness fresh buying at the opening bell.

What is driving this strong opening?

The biggest reason is the improvement in global risk sentiment. Reports of progress in peace negotiations in the Middle East have reduced concerns about further geopolitical escalation. As a result, investors returned to equities, while safe-haven assets such as crude oil and gold witnessed some profit booking.

Sensex, Nifty 50 Receive Strong Global Support as Oil Prices Ease

Global markets delivered encouraging signals overnight. In the United States, the Dow Jones Industrial Average surged more than 930 points, while the S&P 500 advanced 1.75 percent and the Nasdaq Composite gained 2.54 percent.  The rally reflected growing optimism that geopolitical tensions may ease and global economic activity could remain resilient.

Asian markets also traded firmly in positive territory. South Korea’s KOSPI gained about 7.4 percent, Japan’s Nikkei rose around 2.7 percent, Hong Kong’s Hang Seng added nearly 1.3 percent, and China’s CSI300 index advanced close to 1 percent. These gains are expected to provide additional support to Indian benchmark indices.

Why are oil prices so important for Indian markets?

India imports nearly 85 percent of its crude oil requirements, making oil prices one of the biggest drivers of inflation and corporate costs. Brent crude declined to nearly 89.40 dollars per barrel, while WTI crude slipped to around 86.70 dollars after falling almost 3 percent overnight. 

Lower crude oil prices are generally positive for the Indian economy because they reduce import costs, help control inflation, improve the country’s current account deficit, support the Indian rupee, and ease cost pressures for sectors such as aviation, paints, chemicals, logistics, and consumer goods. 

Banking and automobile stocks also tend to benefit when inflation expectations remain under control. According to News18, easing oil prices, improving global sentiment, and strong GIFT Nifty trends remain among the key factors that traders will monitor throughout today’s session.

Key Levels to Watch for Sensex, Nifty 50 During Today’s Trade

Technical analysts believe today’s session will be crucial after the strong gap-up indication.

• For the Nifty 50, the immediate resistance is seen near 23,400. A sustained move above this level could push the index toward 23,500 and even 23,550. On the downside, 23,100 followed by 23,000 remains an important support area where buyers may again emerge.
• For Bank Nifty, immediate resistance lies between 55,800 and 56,000. If the index successfully crosses this zone, the next upside target could be 56,500 to 56,800. Important support is placed between 55,000 and 54,800.

What should investors also monitor today?

Apart from global markets, investors will closely watch Foreign Institutional Investor and Domestic Institutional Investor activity, crude oil prices, movement in the US dollar index, bond yields, and any fresh geopolitical developments.

Foreign investors continue to remain cautious. Foreign Institutional Investors sold Indian equities worth approximately Rs 1,987 crore in the previous session, extending their selling streak to 12 consecutive trading sessions. However, Domestic Institutional Investors purchased shares worth around Rs 4,224 crore, marking their 18th straight session of buying. This steady domestic support has helped limit downside pressure despite continued foreign selling.

Market Outlook: Can Sensex, Nifty 50 Continue the Uptrend?

The overall outlook for Sensex, Nifty 50 has improved significantly after the sharp rise in GIFT Nifty, stronger global markets, and softer crude oil prices. While today’s opening is expected to be positive, sustaining those gains will depend on whether buying interest continues throughout the session.

Lower oil prices remain one of the biggest positives for India because they improve macroeconomic stability by reducing inflation and easing pressure on imports. At the same time, strong domestic institutional buying continues to provide confidence to the broader market even as foreign investors remain cautious.

If Nifty 50 manages to hold above 23,400, it could strengthen the bullish momentum and increase the possibility of testing 23,500 to 23,550 in the near term. However, investors should continue monitoring geopolitical headlines, institutional fund flows, and crude oil prices, as these factors are likely to determine the next direction for the Indian stock market. Maintaining a disciplined approach and focusing on fundamentally strong companies may remain the preferred strategy in the current market environment.

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.