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Gift Nifty signals upbeat start as India-US trade optimism lifts sentiment
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Gift Nifty rose 350 points, signalling a strong open for Indian equities driven by India-US trade optimism, festive demand, and steady foreign inflows despite global inflation uncertainty.
Gift Nifty futures traded around 26,275 points early Thursday, implying a 350-point premium over the previous close. The surge follows optimism around the India-US trade pact, which could lower tariffs on Indian exports to 15–16%. Festive consumption and robust Q2 earnings reinforced confidence. However, analysts warn of potential profit-booking near 26,300, with support at 25,650. Broader sentiment remains bullish as investors track foreign inflows and upcoming global inflation data.