GIFT Nifty indicators signaled a possible positive start to trading for the Nifty50 index, as global technology stocks demonstrated significant growth. GIFT Nifty futures were valued at 24,447 points, corresponding to an increase of 89 points.
Asian markets show growth
In the Asia-Pacific region, South Korea's Kospi index rose significantly by 15 percent. This growth was driven by a sharp increase in the value of semiconductor industry giants—SK Hynix and Samsung—which rose by 25 and 20 percent, respectively. During early trading, the Kospi index showed a gain of 13.63 percent.
Other major markets also showed positive momentum: Japan's Nikkei 225 increased by 5.35 percent, and China's CSI 100 grew by 1.83 percent.
Corporate earnings and US stock indices
The significant rise on Wall Street stock exchanges was triggered by outstanding quarterly results from Amazon and Microsoft. The Dow Jones Industrial Index rose by 1.19 percent, and the S&P 500 by 1.66 percent. The composite Nasdaq index closed the trading session with a gain of 2.78 percent.
Regarding commodities, oil prices continued to decline. This occurred after a coalition led by Saudi Arabia proposed strengthening defense cooperation in the Red Sea, which reduced concerns about further supply disruptions from the region. The July contract was valued at $88.18 per barrel, down 0.95 percent.
Futures for gold and silver also fell: gold dropped by 0.22 percent, and silver by 0.1 percent.
IPO and reporting information
Various first-quarter reports were presented during the day from companies such as Aadhar Housing Finance, Aarti Drugs, ABB India, Aditya Birla Capital, and others. Information was also provided on upcoming Initial Public Offerings (IPOs), including G.V. Electricals and Fusion Klassroom Edutech, which will open for subscription on Friday. MV Electrosystems and Juniper Green Energy will enter the second day of subscription on Thursday, and Manipal Health Enterprises will open the final subscription day aiming to raise 9,275.22 crore rupees.
