GIFT Nifty Jumps 130 Points; Sensex, Nifty May Open Higher

Indian stock markets are expected to begin Thursday’s session on a strong note, as positive global cues and softer crude oil prices lifted investor sentiment. GIFT Nifty was trading nearly 138 points higher at 23,803 during early trade, indicating a bullish opening for benchmark indices Sensex and Nifty.

The upbeat mood in the markets comes amid growing optimism over a possible peace agreement between the United States and Iran, which has eased concerns surrounding global oil supply disruptions. Cooling crude prices have further improved sentiment for equity investors, especially in emerging markets like India.

On Wednesday, domestic markets managed to recover from steep intraday losses and ended slightly higher. The BSE Sensex advanced 117.54 points, or 0.16 per cent, to settle at 75,318.39, while the NSE Nifty gained 41 points, or 0.17 per cent, closing at 23,659. Buying interest in Reliance Industries, along with energy, automobile, and capital goods stocks, helped drive the recovery. Broader market indices also outperformed the frontline benchmarks.

Global markets also provided strong support overnight. Wall Street witnessed a solid rebound after recent weakness, boosting confidence across Asian equities. MSCI’s Asia-Pacific index excluding Japan climbed 1.2 per cent, ending a four-session losing streak.

Among Asian markets, South Korea’s KOSPI surged over 4 per cent after Samsung Electronics employees called off a planned strike and chip giant Nvidia reported earnings that exceeded expectations. Japan’s Nikkei index jumped 1.9 per cent, while Australian markets gained around 1 per cent, reflecting broad-based optimism across the region.