GIFT Nifty is trading at 24,465 as of 8:00 AM IST, pointing to a moderate gap-up of around 100 points for the Nifty 50 at the 9:15 AM NSE opening. The positive tone is backed by a strong close on Wall Street on Friday, where all three major US indices posted solid gains driven by better-than-expected bank earnings and improving risk appetite. Adding to the optimism, Asian markets are also trading in the green this morning — Nikkei, Hang Seng, Straits Times and KOSPI are all up — suggesting broad-based positive sentiment across global markets.
Global Cues
US Markets
US markets closed sharply higher on Friday, with all three major indices posting strong gains. The Dow Jones Industrial Average surged 868 points (+1.79%), while the S&P 500 gained 1.20% and the Nasdaq rose 1.52%. This strong close on Wall Street is the primary driver behind GIFT Nifty's gap-up this morning.
Asian Markets
Asian markets are fully on board with the positive global sentiment this morning. Japan's Nikkei 225 is leading the gains, up 579 points (+0.99%). Hong Kong's Hang Seng is up 0.88%, South Korea's KOSPI has gained 1.24%, and Singapore's Straits Times is marginally positive at +0.11%.
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