GIFT Nifty climbs over 100 points, pointing to strong opening for Sensex and Nifty
GIFT Nifty rose more than 100 points in early trade, suggesting a robust start for India's benchmark indices despite geopolitical tensions and tech-stock weakness.
GIFT Nifty advanced by over 100 points in early Tuesday trading, signalling a solid opening for the Sensex and Nifty benchmarks. The move follows a strong rally in the previous session. Analysts note that ongoing geopolitical developments and continued weakness in technology stocks could temper investor sentiment.
Reliance Industries shares rose after the company reported robust second-quarter earnings. Meanwhile, crude oil prices increased following reports of a U.S. strike on Iran.
"The market is showing resilience, but we remain cautious given external risks," said a market strategist.
Investors are advised to monitor the impact of global events and sector-specific trends as the Indian market opens.