Pre-Market Report: Strong Gap-Up Expected as GIFT Nifty Surges Over 200 Points
Published: 2026-01-22 08:00 IST | Category: Markets | Author: Abhi
Global Market Cues
Global markets are attempting to find a floor after a volatile start to the week driven by "sell America" sentiment and geopolitical friction. While major US indices like the S&P 500 and Nasdaq recently saw sharp declines of over 2% due to tariff threats and a standoff over Greenland, US equity futures are trading fractionally higher this morning. This suggests a tentative stabilization as traders await high-stakes speeches at Davos.
- Gold has surged past the historic $4,800 per ounce mark, reflecting intense safe-haven demand amid trade uncertainty.
- European markets remain cautious as they weigh potential counter-measures against proposed US tariffs of 10-25%.
- Asian benchmarks are showing mixed signals; the Nikkei is attempting to recover from a five-day losing streak.
- The US dollar remains under slight pressure as investors rotate into alternative havens like the Japanese Yen and Swiss Franc.
GIFT Nifty and Domestic Cues
The GIFT Nifty is signaling a gap-up start for the Indian domestic indices. As of 7:15 AM IST, GIFT Nifty is trading around 25,368, representing a premium of more than 200 points over the Nifty 50's previous close of 25,157. This suggests that the Indian market could open nearly 0.8% higher, potentially reclaiming the 25,300 level in early trade.
- The Nifty 50 ended Wednesday's session 75 points lower at 25,157, marking its third consecutive day of losses.
- Institutional activity shows continued DII support, which has been crucial in offsetting FII outflows in the current high-volatility environment.
- Market breadth was weak in the previous session, with over 2,300 stocks declining on the NSE, making today's expected recovery critical for sentiment.
Key Stocks in Focus
- Eternal (formerly Zomato): The company reported a 73% YoY jump in net profit to ₹102 crore for Q3. It also announced a major leadership reshuffle, with Deepinder Goyal moving to Vice Chairman and Albinder Singh Dhindsa taking over as CEO.
- Waaree Energies: Shares will be in the spotlight after the company reported a massive surge in net profit to ₹1,062 crore, up from ₹493 crore a year ago.
- Dr. Reddy's Laboratories: The pharma giant reported a 14.4% decline in Q3 profit to ₹1,210 crore, which may lead to some selling pressure.
- Adani Green Energy: In focus following news that Goldman Sachs and Societe Generale acquired a combined 15.49 lakh shares through block deals.
- Bank of India: The lender reported a 7.5% growth in Q3 profit to ₹2,705 crore with a notable improvement in Gross NPA levels to 2.26%.
- KEI Industries: Reported a strong 42.5% increase in net profit to ₹235 crore and announced an interim dividend of ₹4.5 per share.
Key Events to Watch Today
- Heavy Earnings Slate: A flurry of Q3 results is expected today from major names including InterGlobe Aviation (IndiGo), Bandhan Bank, Zee Entertainment, Coforge, Mphasis, DLF, and Adani Total Gas.
- Davos Rhetoric: Any further comments from the US administration regarding the Greenland acquisition or European tariffs could trigger immediate global market swings.
- US Economic Data: Traders are keeping a close watch on the upcoming US PCE inflation index, the Federal Reserve's preferred inflation gauge, due later this week.
TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update
Tags: Pre-Market Stock Market Nifty Sensex Market Update