GIFT Nifty is trading at 24,130 as of 7:30 AM IST, signalling a strong gap-up of approximately 210 points for the Nifty 50 at the 9:15 AM NSE open. The positive tone is driven by a solid overnight session on Wall Street — the Nasdaq surged 1.63%, the S&P 500 gained 0.80% and the Dow Jones was largely flat, down just 0.16%. Asian markets are broadly in the green this morning, with KOSPI leading the charge at +1.93% and Nikkei 225 up a strong 1.41%. Brent Crude is elevated at $107, up 1.59%, which remains a watchpoint for Indian markets as a net oil importer.
Global Cues
US Markets
Wall Street closed in a mixed-to-positive session on Friday. The Nasdaq led gains with a strong +398 points (+1.63%) and the S&P 500 added +56 points (+0.80%). The Dow Jones edged lower by just 79 points (-0.16%), a modest pullback after recent gains. The largely positive US session is a key driver of GIFT Nifty's gap-up signal heading into Monday's open.
Asian Markets
Asian markets are broadly positive this morning, adding momentum to the gap-up signal. Japan's Nikkei 225 is the standout performer, surging 855 points (+1.41%), while South Korea's KOSPI is up an impressive 127 points (+1.93%). Hong Kong's Hang Seng has gained 154 points (+0.59%). The only laggard is Singapore's Straits Times, which is down 36 points (-0.75%). The strong Asian session confirms the positive tone from Wall Street and reinforces the gap-up outlook for Indian markets.
Crude Oil
Brent Crude is trading at $107.00, up 1.59% — remaining well above the $100 mark. While the broader market tone is positive today, elevated crude at $107 is a key watchpoint for Indian equities. India is a major oil importer, and sustained prices above $100 put pressure on the current account deficit, fuel inflation and weigh on the rupee. Traders should monitor crude movements through the session as any further spike could cap the upside in Nifty.
Stocks in News
Profit down 8.9% to ₹20,589 crore (vs ₹22,611 crore). Revenue up 12.9% to ₹3.25 lakh crore (vs ₹2.88 lakh crore). Dividend of ₹6 per share declared for FY26.
Profit up 13% to ₹7,935 crore (vs ₹7,023 crore). Revenue up 12.7% to ₹44,928 crore (vs ₹39,853 crore). ARPU up 3.8% to ₹214 (vs ₹206.2). Total subscribers up 7.4% to 52.44 crore (vs 48.82 crore).
Profit down 0.6% to ₹7,071.3 crore (vs ₹7,117.5 crore). Net interest income up 4.7% to ₹14,457.2 crore (vs ₹13,810.5 crore).
Profit up 26.8% to ₹806.6 crore (vs ₹636.2 crore). Net interest income up 24.8% to ₹3,024 crore (vs ₹2,423 crore).
What to Watch Today
The broadly positive US and Asian sessions confirm a strong gap-up opening for Indian markets today. Reliance Industries, Jio Platforms, Axis Bank and L&T Finance Q4 results will be closely watched for individual stock moves at the open.