Asian Markets Scale New Peaks, But GIFT Nifty Signals Muted Start

Indian equity benchmarks are likely to see a muted start on Wednesday, with GIFT Nifty trading 10 points lower at 23,482.5 as of 7:50 AM, indicating a flat-to-negative opening for the NSE Nifty 50.

Asian markets, on the other hand, hit a record high, downplaying the concerns over stalled Iran-US peace negotiations.

The Nikkei 225 Index jumped 1.9% to approach the 68,000 mark, while the broader Topix Index climbed 1% to 3,963 on Wednesday, as Japanese equities extended their rally to fresh record highs. Investor enthusiasm for artificial intelligence-related opportunities continued to support the market.

Taiwan’s benchmark TAIEX index surged on Wednesday, rising 832.80 points, or 1.83%, to 46,390.11 in morning trade. The index opened at 45,660.46

and climbed to an intraday high of 46,552.16, also marking a fresh 52-week high, as investor sentiment remained strong.

Oil Prices Remain Elevated

Commodity markets traded mixed on Wednesday morning, with crude oil prices extending gains amid supply concerns. WTI crude rose 0.95% to 94.65, while Brent crude advanced 0.86% to 96.83.

Meanwhile, gold prices remained firm, rising 12.21 points to $4,477.84 per ounce, reflecting continued safe-haven demand amid global economic uncertainties.

Sensex, Nifty Recover From Losses To End Positive On Tuesday

Indian benchmark indices ended higher on Tuesday, recovering from early losses as strong gains in information technology stocks and easing volatility lifted investor sentiment.

The BSE Sensex rose 382.50 points, or 0.52 per cent, to close at 74,649.84, while the NSE Nifty 50 advanced 100.95 points, or 0.43 per cent, to settle at 23,483.55. Both indices had opened lower amid concerns over geopolitical tensions and elevated crude oil prices but staged a strong rebound during the session.