GIFT Nifty indicators signaled a possible negative opening for the Nifty50 index. Most Asian markets traded in a declining trend, reflecting the drop in technology stock values.
Asian Market Overview
On July 28, 2026, GIFT Nifty showed signs of a negative start for Nifty50, despite mixed global signals. Futures were valued at 24,005 points, which is 23 points lower. Markets in the Asia-Pacific region traded in the red as investors closed their positions on technology stocks awaiting reports from Amazon, Meta Inc., and Apple Inc.
The Korean index Kospi fell by 8.04 percent, while SK Hynix shares dropped by 10 percent. Japan's Nikkei 225 and Australia's S&P ASX 200 indices also showed declines—by 3.84 percent and 0.23 percent, respectively.
US Market Situation
During the night, the Nasdaq Composite index closed down by 0.18 percent. However, the Dow Jones Industrial Average and S&P 500 showed growth: the latter by 0.51 percent, and the former by 0.02 percent.
Commodity Price Dynamics
Oil prices continued to fall amid optimism regarding a potential diplomatic settlement between the US and Iran. President Donald Trump stated that negotiations with Tehran are progressing successfully but warned that Washington would initiate military action if talks stalled. Iran also made similar statements.
July futures were valued at $87.52 per barrel on the International Continental Exchange, representing a drop of 0.95 percent. Gold and silver futures traded down by 0.67 percent and 1.79 percent, respectively.
