Indian markets are likely to open on a flat-to-positive note on Thursday, as GIFT Nifty futures traded just 5 points higher at 24,423, hinting at a muted start for Dalal Street. While global cues remain moderately supportive, investor sentiment continues to be clouded by heightened geopolitical tensions after India’s military strikes on nine terror camps in Pakistan and PoK under Operation Sindoor.
India-Pak developments still in focus
Wednesday’s gains came despite a volatile session, with traders absorbing the impact of India’s cross-border precision strikes in response to the Pahalgam terror attack. While no escalation has been reported so far, the situation remains fluid. Analysts expect markets to remain sensitive to updates from the Ministry of Defence and any reaction from across the border.
Technical setup suggests range-bound bias
According to technical analysts, the Nifty’s immediate hurdle is around 24,550. A sustained move above this level could spark fresh bullish momentum. On the downside, support is seen at 24,200 and 24,000. India VIX, the fear gauge, inched up by 0.5 per cent to 19.06, signalling a rise in caution ahead of key events.
US market ends higher; AI chip news boosts tech
Wall Street closed in the green on Wednesday. The Dow Jones rose 0.7 per cent, while the S&P 500 added 0.43 per cent. Nasdaq gained 0.27 per cent, helped by optimism in the semiconductor space after reports suggested easing US regulations on AI chip exports. The Fed kept interest rates unchanged, as widely expected.
Asian markets cautious post-Fed
Asian markets opened mixed. Japan’s Topix slipped 0.5 per cent and Australia’s ASX 200 edged down 0.2 per cent. However, Euro Stoxx 50 futures inched up 0.3 per cent, indicating mild optimism in European markets ahead of US-China trade discussions.
Gold gains on safe-haven demand; oil holds steady
Gold prices moved higher as investors sought safety amid inflation worries and geopolitical stress. Crude oil remained flat after losing over $1 in the previous session on demand concerns linked to trade uncertainty.
F&O ban list and fund flow check
Stocks under the F&O ban today include RBL Bank, CDSL, and Manappuram. FPI inflows continued, with foreign investors net buying Rs 2,585 crore on Wednesday. However, domestic institutions were net sellers worth Rs 2,378 crore.
Rupee under pressure
The Indian rupee weakened by 42 paise to close at 84.77 against the US dollar on Wednesday. Cross-border tensions and weak crude cues dragged the currency lower despite positive FPI flows.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
