Indian equities may open on a positive note as GIFT Nifty advanced 72 points, or 0.30%, to 24,421.50 in early trade, indicating improved sentiment ahead of the domestic market opening.
The offshore index, which acts as an early indicator for Nifty 50, traded above its previous close of 24,349.50, reflecting modest optimism among investors.
Asian markets largely moved higher during the session. Japan’s Nikkei 225 jumped 3.66% to 54,657.24, emerging as one of the strongest performers in the region.
South Korea’s KOSPI also rallied sharply, gaining 6.07% to 5,570.47, while Hong Kong’s Hang Seng Index rose 1.46% to 25,780, supported by buying in key sectors.
In the United States, the Dow Jones Industrial Average closed 0.50% higher at 47,761.79, indicating some recovery on Wall Street. However, futures trading showed mild weakness, with Dow Jones Futures slipping 0.12% to 47,681.40.
Meanwhile, the S&P 500 edged 0.14% lower to 6,803.75, suggesting mixed cues from U.S. markets.
European markets remained under pressure. Germany’s DAX Index declined 0.77% to 23,409.37, while France’s CAC 40 dropped 0.98% to 7,915.36. The UK benchmark FTSE 100 also ended 0.34% lower, reflecting cautious sentiment in European equities.
Market analysts said the positive movement in Asian markets combined with gains in GIFT Nifty could support Indian equities at the opening bell, although investors are likely to remain cautious amid mixed global cues.
