D-St set for a positive opening as GIFT Nifty signals firm start

GIFT Nifty up 100 pts, signals positive start for Sensex, Nifty after 2% sell-off, despite US-Iran tensions

Sensex and Nifty are likely to open higher on Thursday, tracking the rise in the GIFT Nifty, helped by a rebound in Asian equities and gains in chip stocks. However, caution may prevail amid renewed geopolitical tensions and rising crude oil prices.

From Gift Nifty, US-Iran war, oil prices to bond yields: 10 key things that changed for Indian stock market overnight

Gift Nifty was trading around 23,990 level, a premium of nearly 78 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

D-St set for a positive opening as GIFT Nifty signals firm start

Indian markets experienced widespread selling on Wednesday, with the Nifty declining significantly. Global risk sentiment deteriorated following US President Donald Trump's comments on Iran. Asian markets also traded lower, reflecting the weak global backdrop. The Indian Rupee tanked against the US dollar as oil prices rose. Foreign and domestic investors showed net buying activity in equities.