Mumbai: Indian benchmark indices Nifty 50 and Sensex are poised for a strong start on [current date], tracking a 350-point surge in GIFT Nifty futures and a bullish trend across Asian markets.
Key Factors Driving the Rally
✅ GIFT Nifty up 350 points – Signals strong opening for Nifty
✅ Asian markets trade higher – Nikkei, Hang Seng, KOSPI in green
✅ Wall Street gains overnight – Dow, S&P 500, Nasdaq closed positive
✅ FII buying momentum continues – Sustained inflows into Indian equities
✅ Sectoral optimism – Banking, IT, and auto stocks likely to lead
Key Levels to Watch
| Index | Support | Resistance |
|---|---|---|
| Nifty 50 | 22,500 | 22,800 |
| Sensex | 74,000 | 74,800 |
| Bank Nifty | 48,200 | 49,000 |
What’s Next for Markets?
- If Nifty holds above 22,600, further upside towards 22,900 likely
- Bank Nifty strength crucial – Sustaining above 48,500 could trigger fresh buying
- FII/DII activity – Continued buying may extend rally
Stocks in Focus Today
🔹 HDFC Bank, ICICI Bank – Banking sector leads gains
🔹 Infosys, TCS – IT stocks rebound on US tech strength
🔹 Reliance, Adani Ports – Momentum expected in large caps
Global Cues Supporting the Rally
🌏 Asian Markets Up – Japan’s Nikkei (+1.2%), Hong Kong’s Hang Seng (+0.8%)
🇺🇸 US Markets Gain – S&P 500 up 0.6%, Nasdaq rises 0.9%
💰 Dollar Index Steady – Supports risk-on sentiment
Expert Take
“The gap-up opening suggests bullish momentum, but traders should watch for profit booking near 22,800 on Nifty. Bank Nifty’s move above 49,000 could confirm further upside.” – Market Analyst
📌 For Live Market Updates: Economic Times Markets | Moneycontrol
At 7.35 am, the GIFT Nifty index was quoting 22,652.5, soaring 1.5 percent on traders’ optimistic bets.
Japan’s Nikkei share average rose 6 percent on Tuesday in a widespread rally, rebounding from a 1-1/2-year low hit in the previous session. Hong Kong’s Hang Seng index and South Korea’s KOSPI also saw sharp gains. On the flip side, Taiwan’s benchmark index continued to languish in the red, after trading was halted in the previous session.
Overnight, Wall Street ended the April 7 session with cuts, extending losses. The Dow Jones fell 0.91 percent and the S&P 500 lost 0.23 percent, while the Nasdaq Composite gained ended flat, higher by 0.1 percent.
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