Indian equity markets are likely to open on a strong note, amid positive global cues. Gift Nifty at 24,320 indicates a gap-up opening of about 200 points on Wednesday.
According to Hariprasad K, SEBI-registered Research Analyst and Founder of Livelong Wealth, global sentiment has improved amid signs of de-escalation in the Middle East, helping cool oil prices and lift risk appetite across Asian markets. Notably, South Korea’s benchmark index has surged to record levels, reflecting a broader risk-on environment that could spill over into domestic equities.
“Back home, attention will increasingly shift toward the ongoing earnings season. Key results from capital goods major Larsen & Toubro, auto leaders Mahindra & Mahindra and Hero MotoCorp, along with banking major Punjab National Bank, are expected to drive sector-specific momentum and influence broader market direction,” he added.
Volatility indicators are showing early signs of easing. The India VIX declined modestly to around 17.9, and a further cooling in volatility could reinforce bullish sentiment if sustained alongside supportive global cues.
However, cautioning traders, Ponmudi R, CEO of Enrich Money, said market sentiment still remains fragile and largely headline-driven. “Crude oil dynamics, geopolitical developments, currency movements and institutional flows will continue to shape the near-term outlook, with volatility expected to persist in the absence of clear resolution on the global front,” he added.
Published on May 6, 2026