GIFT Nifty futures indicate positive market opening today amid gains across Asian shares

GIFT Nifty Futures: Dalal Street is set to make a positive start to the session on Thursday amid mostly positive moves across other major Asian markets, a day after the Nifty50 fell 73.8 points to settle at 24,752.5. GIFT Nifty futures, an early indicator of headline index Nifty50, were last seen trading 98 points, or 0.4 per cent, higher at 24,835.5, pointing to a positive start to the day on Dalal Street. On Wednedsay, domestic equity benchmarks continued to fall for a second straight day, with the Sensex losing 239.3 points for the day to close at 81,312.3, as weakness in ITC shares weighed on the market. 

From MSCI’s Asia Pacific ex-Japan to Nikkei 225, how other major Asian markets fare 

MSCI’s broadest index of Asia Pacific shares outside Japan was last seen trading 0.3 per cent higher roughly an hour before the pre-market session on Dalal Street. The positive move was in contrast with overnight losses on Wall Street.

Here’s where some of the main gauges in the region stood:

• China’s Shanghai Composite: up 0.5 per cent
• Singapore’s Straits Times: down 0.2 per cent
• Japan’s Nikkei 225: up 1.7 per cent 
• South Korea’s KOSPI: up 1.7 per cent
• Hong Kong’s Hang Seng: up 0.4 per cent

Investors cheered the headlines as an American federal court ruling restricted US President Donald Trump’s reciprocal “Liberation Day” tariffs from taking effect, triggering a wave of optimism across Asia as investors cheered easing of trade-related concerns.

The back and forth following Trump’s trade policy followed by pauses and U-turns as well as retaliatory action by America’s major trade partners has kept investors on their toes globally for the past few weeks. 

Wall Street Update | Dow Jones, Nasdaq Composite, S&P 500, Russell 2000

 Dow Jones futures surged after the news, last seen trading 605.8 points, or 1.4 per cent, higher at 42,704.5, though Wall Street gauges fell on Wednesday.