Nifty Implied Open Today — Gift Nifty Live

GIFT CITY · USD-DENOMINATED
22,624.50 ▲ +133.50 (+0.59%)
OPEN · Session 2 (Evening) · US market overlap Closes 2:45 AM IST
—
O22,632.50 · H22,700.00 · L22,278.00 · PC22,491.00 · R422.00
📊 Bazaar Watch Read · Markets Desk

Near-Term Outlook

Updated 1:25 AM IST
Read: Indicates an indicative open near the prior close
  • Gift Nifty 22,624.50 (+0.59%) → implied Nifty open: gap-up ~203 pts
  • Global cues lean supportive — easing crude trims India's import bill while steadier US yields and the dollar keep foreign flows calm, a constructive backdrop for the Nifty
  • Risk: a firmer dollar or crude reversing the supportive setup
  • Medium-Term Outlook & Price Forecast — Nifty 50:

    🔴 Bearish — trading below its key moving averages — a downtrend structure
  • Crude ▲ 91.11 · Gold ▲ 4,162 · USD/INR ▼ 96.30 · Dollar Index ▼ 101.9 · US 10Y yield ▲ 5.28 · S&P 500 ▲ 7,723 · Nasdaq ▲ 27,191
For indication only, not advice.
DATA · NSE IX VIA REGULATED FEED TICKS EVERY 30s
Pre-Market ReportsAll reports →
Pre-market for 1 Oct 2026· 7:45 AMLATEST

Gift Nifty at 22,580. Nifty may open near 22,579. Today brings a cautious opening as regional markets pull in different directions. Watch the first 15 minutes to see if early selling pressure persists.

The Big Picture — Nifty Faces Soft Open Amid Mixed Cues • The market is set for a lower opening as Gift Nifty points to a small loss. • Conflicting global signals are keeping the mood cautious after the recent slide. --- Global Markets — US Markets Slide While Tokyo Jumps • S&P 500 7,651.54 (−0.25%) · Nasdaq 26,861.06 (+0.24%) · Dow 50,906.05 (−0.86%) • Nikkei 68,072.30 (+1.98…

Pre-market for 30 Sep 2026· 7:45 AM

Gift Nifty at 22,833. Nifty may open near 22,833. Today brings a tricky opening where a technical bounce clashes with high market nervousness. Keep a close eye on the early minutes to see if the opening gain survives.

The Big Picture — Nifty Set For Fragile Morning Bounce • The Nifty faces a tentative opening gain after a steep drop in the previous session. • Gift Nifty points higher, yet nervousness has jumped sharply and foreign investors continue to offload shares. • The expected relief rally looks fragile against conflicting signals. --- Global Markets — Wall Street Slips While Asia Mix…

Pre-market for 29 Sep 2026· 7:45 AM

Gift Nifty at 22,807. Nifty may open near 22,807. Rising crude and spiking volatility make this a fragile morning. Watch the opening minutes to see if buyers have any real conviction.

The Big Picture — Fragile Gain Faces Oil And Fear Pressure The Nifty is trying to bounce after a sharp fall, but the attempt looks shaky. Gift Nifty points to a small opening gain, yet crude oil is climbing and nervousness has spiked. Foreign sellers continue to offload shares while local institutions step in, leaving the market caught between a mild technical recovery and a w…

Pre-market for 28 Sep 2026· 7:30 AM

Gift Nifty at 23,120. Nifty may open near 23,120. Higher crude prices and persistent foreign outflows weigh on Indian equities, even as local buyers attempt to stabilize the market.

The Big Picture — Cautious Open Expected Amid Oil Pressures The market is gearing up for a modest opening loss, dragged down by rising oil prices and a weak seven-week streak. Gift Nifty points to a soft start after a choppy global session. Foreign investors continue to pull out cash while domestic institutions try to buffer the fall, leaving traders to watch how the early min…

Pre-market for 25 Sep 2026· 7:30 AM

Gift Nifty at 23,136. Nifty may open near 23,136. Cross-asset signals lean down, with sentiment reading steady and FIIs selling in the cash market.

The Big Picture • Overnight cues were largely flat, with no strong directional signal from global markets. • Gift Nifty at 23,136 implies an opening gain of about 73 points vs Nifty's last close of 23,063. --- Global Markets • S&P 500 7,704.13 (-0.02%), Nasdaq 26,939.37 (+0.01%), Dow 51,349.98 (-0.31%) overnight. • Asia: Nikkei 66,329.37 (+1.24%), Hang Seng 24,330.55 (-1.74%).…

Pre-market for 24 Sep 2026· 7:30 AM

Gift Nifty at 23,240. Nifty may open near 23,240. Cross-asset signals lean up, with sentiment reading calm and FIIs buying in the cash market.

The Big Picture • Overnight cues were mixed — Wall Street closed lower while Asian markets traded higher. • Gift Nifty at 23,240 implies an opening loss of about 207 points vs Nifty's last close of 23,447. --- Global Markets • S&P 500 7,706.03 (-0.75%), Nasdaq 26,936.04 (-1.13%), Dow 51,511.59 (-0.68%) overnight. • Asia: Nikkei 65,987.04 (+1.49%), Hang Seng 24,740.24 (-0.38%).…

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GLOBAL CUES — S&P 500, NASDAQ, GOLD & CRUDE

US MARKETS · DOLLAR · BONDS · GOLD · CRUDE
📈 S&P 500 CFD
^GSPC
7,722.72—
💻 NASDAQ CFD
^IXIC
27,190.86—
💵 USD/INR
FX
96.30—
💹 DOLLAR INDEX CFD
DXY
101.92—
🏛️ US 10Y YIELD
^TNX
——
🥇 GOLD
$/oz
4,162.30—
🛢️ CRUDE WTI
$/bbl
91.11—
📖

WHAT IS GIFT NIFTY? (FORMERLY SGX NIFTY)

VERIFIED · POST-2023 MIGRATION
  • Migration date: 3 July 2023 (SGX Nifty stopped trading on 30 June 2023)
  • Venue: NSE International Exchange (NSE IX), GIFT City, Gandhinagar, Gujarat
  • Currency: USD-denominated
  • Regulator: IFSCA (International Financial Services Centres Authority)
  • Trading hours: Session 1: 6:30 AM – 3:40 PM IST · Break · Session 2: 4:35 PM – 2:45 AM IST, Monday to Friday (~21 hours total)
  • Lot size: 50 units
  • Who can trade: FPIs, NRIs, and institutions via IFSC-registered brokers. Indian resident retail investors cannot trade Gift Nifty directly.
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HOW GIFT NIFTY FUTURES PREMIUM WORKS

CARRY · DIVIDENDS · IMPLIED OPENING GAP
WHAT IS THE FUTURES PREMIUM
  • A futures contract usually trades at a different price than its underlying spot — that difference is the futures premium (or discount when negative)
  • For Gift Nifty, the premium reflects the cost of carrying Nifty 50 exposure forward to expiry
  • Main drivers: risk-free interest rate minus dividend yield of the underlying basket
THEORETICAL FORMULA
F = S × e^((r − d) × t)
  • S = Nifty 50 spot
  • r = risk-free rate
  • d = Nifty 50 dividend yield (~1.2%)
  • t = time to expiry in years
  • Gift Nifty's USD denomination adds a small USD/INR carry component on top
WHAT TRADERS ACTUALLY WATCH
  • Gift Nifty current level − previous Nifty 50 close = implied NSE opening gap
WORKED EXAMPLE (ILLUSTRATIVE)
  • Previous Nifty 50 close: 23,700
  • Current Gift Nifty: 23,790
  • Premium: +90 points → suggests NSE 50 opens roughly 80–90 points higher
WHEN THE PREMIUM WIDENS
  • Interest rates rising
  • Dividends low or none upcoming
  • Overnight sentiment turns risk-on
WHEN THE PREMIUM NARROWS OR FLIPS TO DISCOUNT
  • Ex-dividend dates approaching
  • Risk-off mood (selling pressure)
  • Hawkish central bank surprises
BEHAVIOUR NEAR EXPIRY
  • The carry component shrinks as expiry nears
  • Premium converges toward zero on settlement day