Mumbai: The Gift Nifty 50 Index Futures saw an early morning rise of 65.5 points, or 0.26%, trading at 24,948.5 USD as of 8:52 AM IST. The uptick suggests a positive start for the Indian equity markets when they open later today.
This early movement comes on the back of mixed global cues, steady U.S. market performance, and investor optimism ahead of key economic data expected later this week. Analysts believe that buying interest in heavyweights and strong cues from Asian peers are likely to support market sentiment in the near term.
Traders will be watching sectors like banking, IT, and auto, along with foreign institutional investor (FII) flows and updates on corporate earnings. The movement in Gift Nifty often serves as an indicator of how the Nifty 50 index may perform in Indian trading hours.
Market participants are also eyeing commentary from global central banks and macroeconomic signals that could influence broader trends.
