July 31, 2026 at 03:01 AM 2 min readmarkets☀ Pre-MarketMarket Summary
Nifty Poised For Positive Start As Global Sentiment Improves
GIFT Nifty futures indicate a positive opening gap of over 70 points for the Nifty 50.
[Market Sentiment Shift]:
Indian benchmark indices are set for a positive opening on Friday, July 31, 2026, buoyed by a strong rally in US markets and a broad-based recovery across Asian peers. GIFT Nifty futures indicate a positive gap of approximately 70 to 105 points, suggesting investors are shaking off recent volatility as the India VIX eased to 12.15, a decline of 3.22% from the previous session.
[Global Cues Impact]:
The overnight surge in US indices, particularly the Nasdaq's 2.8% jump, provides a favorable backdrop for Indian IT stocks at the opening bell. While crude oil prices have softened slightly, with Brent trading near $86 per barrel, the persistent geopolitical tensions in West Asia remain a critical factor influencing energy-linked stocks and overall market risk appetite.
[Session Outlook]:
Market participants are closely monitoring the Nifty 50, which closed at ₹24,317.15 on Thursday, as it attempts to sustain momentum within the 23900 to 24700 range. With FIIs turning net buyers to the tune of ₹3,623.50 crore, the focus for today's session will likely be on the heavy slate of Q1 FY27 earnings announcements from major blue-chip companies.
Pulse Intelligence
Context & ImpactContext & Background
- Nifty 50 closed at ₹24,317.15 on July 30, gaining 66.95 points.
- US markets rallied sharply on July 30, with the Nasdaq climbing 2.8% on AI optimism.
- India VIX dropped to 12.15, signaling reduced market apprehension among traders.
Key Consequences
- Positive opening expected for Nifty 50 based on GIFT Nifty futures.
- Increased volatility likely in IT sector stocks following the Nasdaq's strong performance.
- Potential for range-bound trading between 24100 and 24600 levels throughout the session.
Market & Economic Impact
Positive global cues and FII buying support a bullish opening for Indian equities.
The Indus Pulse is committed to accuracy and transparency.