Nifty seen opening about 80 points higher as WTI drops over 6% to $80–81 a barrel
AI Market Summary
Indian equities are set for a higher open as a sharp two-day drop in WTI and a pullback in U.S. Treasury yields improve global risk appetite. Derivatives positioning appears supportive, with elevated Nifty rollovers indicating institutions carried long exposure into the new series, while subdued VIX signals limited near-term volatility. RBI's large NRI deposit inflows also help cushion INR, reducing macro stress.
Impact level
● Medium
Affected assets
NCSISP5002USD/USDT-0.19%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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India’s Nifty is expected to open about 80 points higher as U.S. crude extends a two-day slide of more than 6% to the $80–81-per-barrel range. A pullback in U.S. Treasury yields has also helped improve global risk sentiment. Asian markets were mixed at the open, with Japan’s Nikkei 225 down about 0.3% and South Korea’s Kospi up about 0.4%. Nifty’s August-series rollover rate stood at 64%, above the three-month average, indicating institutions carried long positions into the new contracts.
