GIFT Nifty is pointing to solid rebound from Tuesday’s sell-off and hopefully, Dalal Street shall post across-the-board gains this Thursday.
Nifty bulls will aim to re-embrace the long-term bullish structural promise of emerging markets like India. The 4-positive catalysts:
1) Hopes of favourable outcome from the U.S.–India trade negotiations
2) In the US, the Supreme Court seemed to express doubt about the arguments underpinning President Donald Trump’s sweeping tariffs.
3) Improving leads from Wall Street.
4) The artificial intelligence (AI) revolution appears to stay for long.
Bottom-line: Sentiment still fragile, the battle for directional clarity shall continue — and Nifty remains caught in a narrow range, wavering with wild swing.
7:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (+84, 25737)
Dow Futures: (+7, 47318)
Nasdaq 100 Futures (-63, 25557)
Nikkei (+628, 50840)
Hang Seng (+126, 26062)
Dow Jones (+226, 47311)
Nasdaq Composite (+151, 23500)
Bovespa (+2590, 153294).
WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:
Wall Street rebounded from Tuesday’s sell-off to post across-the-board gains in Wednesday’s trade.
Meanwhile, In the US, the government shutdown shows no signs of resolution and is likely to extend into a second month, further delaying the release of key economic data.
Gold prices ($3975 per ounce) are seen stabilizing around $4,000 per ounce, remaining below October’s record high of $4,382 with investors keeping an eye on the Federal Reserve’s policy outlook
WTI crude oil futures ($59.60) traded with negative bias as, traders assessed OPEC+’s decision to pause output increases next quarter amid expectations of slowing demand and looming oversupply.
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