Indian stock market traders are gearing up for a positive start this Friday as the global risk-on sentiment and tech-fueled rally in the US set an optimistic tone. The Sensex and Nifty 50 are both poised for gap-up openings, reversing Thursday’s profit-booking slump when Sensex shed 315 points and Nifty 50 lost 82 points, snapping a week-long winning streak.
The overnight surge in US tech stocks is particularly noteworthy for Indian investors. Wall Street extended its rally for a third straight session, with the Dow jumping 1.23%, the S&P 500 up 2.03%, and the tech-heavy Nasdaq soaring 2.74%. Giants like Alphabet, Microsoft, Nvidia, Apple, and Tesla all posted strong gains, while software firm ServiceNow and Hasbro rocketed by double digits. These moves reflect robust risk appetite and renewed interest in technology shares, which often set the tone for global equities trading.
Asian markets followed suit. Japan’s Nikkei 225 and South Korea’s Kospi both ticked up by about 1%, while Hong Kong’s Hang Seng futures pointed to further upside. For Indian traders, this means expectations of broad-based buying and bullish momentum at the open, bolstered by Gift Nifty trading 154 points above the previous close.
The improving mood is amplified by early signs of easing in the US-China tariff standoff. Market participants are watching for further updates, as progress here could further reduce global macro uncertainty, potentially sustaining the equity rally.
However, not all was positive on the international front. New York Fed President John Williams warned that active US trade policies are likely to stoke inflation, and the latest US jobless claims showed a slight uptick. For investors, inflationary concerns and labor market data remain key variables as they assess the Federal Reserve’s next moves and interest rate trajectory.
Gold remains a safe haven, with spot prices edging higher and holding close to record highs above $3,350 an ounce. Meanwhile, crude oil rebounded slightly but is still on track for weekly losses, reflecting lingering caution in commodities even as equities rally.
For Indian stock traders, the current environment underscores the importance of sector rotation and selective buying. While banking and financials may consolidate after recent outperformance, sectors like metals, pharmaceuticals, and public sector enterprises could attract fresh inflows. Short-term strategies might favor riding momentum in these areas while using market dips as entry points.
In summary, today’s market action is defined by global bullishness led by tech, optimism around US-China trade, and a supportive Asian backdrop. Indian investors are advised to remain nimble, focus on sound stock selection, and watch global cues as they trade into the weekend. The interplay between international trends and local sector dynamics will be crucial for those seeking to capture the next leg of market movement.
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