GIFT Nifty is trading at 24,450 as of 7:30 AM IST, pointing to a significant gap-down of around 130 points for the Nifty 50 at the 9:15 AM NSE open. US markets closed firmly in the red overnight, with the Dow Jones falling 293 points, the Nasdaq and S&P 500 each losing around 0.6%. Asian markets are also predominantly negative this morning — Hang Seng, Straits Times and KOSPI are all in the red, with only Nikkei managing a modest green. The broad negative cue from global markets is weighing on GIFT Nifty, signalling a weak start for Indian equities today. Key IT sector stocks are in focus with Q4 results from HCL Technologies, Tata Elxsi and Persistent Systems, all of which have reported strong earnings.
Global Cues
US Markets
US markets closed firmly in the red overnight. The Dow Jones fell 293 points (-0.59%), the Nasdaq dropped 144 points (-0.59%) and the S&P 500 lost 45 points (-0.63%). The negative US close is the primary driver behind today's gap-down signal for Indian markets.
Asian Markets
Asian markets are broadly negative this morning, adding to the bearish global cues. Hong Kong's Hang Seng is down 0.91%, South Korea's KOSPI is off 0.65%, and Singapore's Straits Times has declined 0.37%. Japan's Nikkei is the exception, gaining a modest 0.47%, but overall Asian sentiment is cautious following the weak Wall Street close. The negative Asian setup reinforces the gap-down signal for Indian markets today.
Crude Oil
Brent Crude is trading at $98.28, marginally down 0.20%. At near $100 levels, elevated crude prices add to India's import bill and raise inflation concerns, compounding the negative sentiment from weak global equity markets today.
Stocks in News
Profit up 4.2% to ₹4,488 crore (vs ₹4,307 crore). Revenue up 12.3% to ₹33,981 crore (vs ₹30,246 crore). Interim dividend of ₹24 per share declared for FY2026-27; record date April 25, 2026.
Profit up 27.8% to ₹220.4 crore (vs ₹172.4 crore). Revenue up 9.4% to ₹993.8 crore (vs ₹908.3 crore). Dividend of ₹75 per share declared for FY2026-27.
Profit up 33.7% to ₹529.3 crore (vs ₹395.8 crore). Revenue up 25.1% to ₹4,055.9 crore (vs ₹3,242.1 crore). Dividend of ₹18 per share declared for FY2026-27.
What to Watch Today
The weak US close and predominantly negative Asian session confirm a gap-down opening for Indian markets today. IT sector stocks are in sharp focus — HCL Technologies, Tata Elxsi and Persistent Systems all reported strong Q4 numbers and may see stock-specific buying even as the broader market opens lower. Elevated crude near $98 adds to macro headwinds.