India’s NIFTY50, SENSEX set for gap-up open on July 31 as GIFT NIFTY gains 62 points
AI Market Summary
Indian equities are set for a higher open as GIFT NIFTY signals strength, supported by positive global risk appetite after a Microsoft-led Wall Street rally lifted Asian equities. Net FII buying adds a near-term tailwind, while elevated crude prices remain a watch item for inflation and margins. Overall, cross-asset cues point to firmer sentiment into the session, with momentum indicators showing constructive positioning.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.49%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▲ Bullish
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Indian equities opened higher on July 31, with the S&P BSE SENSEX closing at 77,928.15, up 0.035%, and the NSE NIFTY50 ending at 24,317.15, up 0.28%. US stocks rose across the board, led by a 2.8% jump in the Nasdaq, after Microsoft’s shares strengthened and lifted sentiment in global chip stocks. Asia traded higher with South Korea’s KOSPI up 14% and Japan’s Nikkei up 4%, while China A-shares and Hong Kong stocks moved in different directions. The article notes that Swiggy’s financial figures are in consumer tech and are not a direct driver of the major equity indices.
