Indian equity markets are poised to open higher on Monday, with SGX Nifty indicating a gap-up start as investors gear up for the third-quarter earnings season and monitor global cues closely.
Pre-Market Indicators
Key pre-market signals point to a positive opening:
- SGX Nifty: 24,350 (+85 points)
- GIFT Nifty: 24,340 (+75 points)
- Asian Markets: Mostly positive
- US Futures: Flat to marginally positive
Global Market Cues
Wall Street ended mixed on Friday, with tech stocks showing resilience. Asian markets are trading higher this morning, led by gains in Japan and South Korea.
Q3 Earnings Preview
The third-quarter results season kicks off this week with IT majors scheduled to report. TCS, Infosys, and Wipro will set the tone for the earnings season.
- TCS Results: January 9, 2026
- Infosys Results: January 11, 2026
- Wipro Results: January 10, 2026
FII/DII Activity
Foreign institutional investors remained net buyers last week, pumping in Rs. 8,500 crore into Indian equities. Domestic institutional investors added Rs. 3,200 crore.
Sector Watch
IT and banking sectors are expected to remain in focus. Auto stocks may see action on monthly sales data releases.
Technical Outlook
Technically, Nifty has crucial support at 24,000 and resistance at 24,500. A breakout above resistance could trigger further upside towards 24,800.
Currency and Commodities
The rupee is expected to open steady around 82.50 levels. Gold and crude oil prices remain elevated on geopolitical concerns.
