Stock Market Live Updates: GIFT Nifty Soars Nearly 500 Points, Signals Strong Gap-Up Despite US Market Slump

Sensex Today: The GIFT Nifty, which serves as an early indicator for the likely opening of India’s benchmark indices—Sensex and Nifty—is trading over 450 points higher, suggesting a strong gap-up start to Friday’s session.

Indian equity markets will be reacting to two days’ worth of global cues today, having remained closed on Thursday due to a holiday.

Global Cues

On Wednesday, US markets witnessed a sharp rally after former President Donald Trump announced a 90-day suspension of reciprocal tariffs on up to 75 countries, potentially including India. The Dow Jones surged over 3,000 points in a single session—its biggest single-day gain since 2008.

However, that optimism was short-lived, as US equities reversed course on Thursday. The Dow Jones fell more than 1,000 points, giving up roughly one-third of the previous day’s gains.

As a result, while the GIFT Nifty had indicated a 1,000-point gap-up early Thursday, it now suggests a more tempered opening of around 400–450 points.