Indian equity markets are expected to open strongly, buoyed by positive global cues. The Gift Nifty is indicating a gap-up opening of approximately 200 points for Wednesday, at 24,320.
Hariprasad K, a SEBI-registered Research Analyst and Founder of Livelong Wealth, noted that global sentiment has improved due to de-escalation signs in the Middle East, which are helping to ease oil prices and enhance risk appetite across Asian markets. He highlighted that South Korea’s benchmark index has reached record highs, reflecting a broader risk-on environment that could positively impact domestic equities.
As the ongoing earnings season progresses, attention turns to key results from prominent firms. Major announcements from capital goods leader Larsen & Toubro, automotive giants Mahindra & Mahindra and Hero MotoCorp, as well as banking heavyweight Punjab National Bank, are anticipated to influence sector-specific momentum and the overall market direction.
Volatility indicators show modest signs of easing, with the India VIX dropping to approximately 17.9. Continued reduction in volatility could bolster bullish sentiment if supported by favorable global conditions.
Ponmudi R, CEO of Enrich Money, cautioned traders, indicating that market sentiment remains fragile and largely driven by headline news. He stated, “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.”
Published on May 6, 2026.
