Stock Market Update: GIFT Nifty Shows Marginal Gains Amid Mixed Asian Markets
Stock Market LIVE: GIFT Nifty indicates slightly higher open; Asia markets mixed; Brent above $111
Business Standard
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On April 29, 2026, the GIFT Nifty indicated a slight opening gain of 0.1%, trading at 24,092. Asian markets displayed mixed results, influenced by the UAE's exit from OPEC and concerns over OpenAI's revenue growth impacting Wall Street indices. Brent crude oil prices rose to $111.6 per barrel.
- 01GIFT Nifty trading at 24,092, up 0.1%
- 02Asian markets mixed, with Hang Seng up 1.15%
- 03Brent crude oil prices rose to $111.6 per barrel
- 04Wall Street indices declined due to revenue growth concerns
- 05Multiple companies set to release Q4 results today
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On April 29, 2026, the GIFT Nifty, an early indicator of India's Nifty50 index, was trading at 24,092, reflecting a marginal gain of 0.1% or 23.50 points. Asian markets showed mixed performance; while the S&P ASX and the Kospi fell by 0.23% and 0.24%, respectively, the Hang Seng index rose by 1.15%. This mixed sentiment followed news that the UAE will exit the Organization of the Petroleum Exporting Countries (OPEC) effective May 1, impacting oil prices. Brent crude increased by 0.36% to $111.6 per barrel amid delays in the opening of the Strait of Hormuz due to stalled US-Iran negotiations. In the US, the S&P 500 and Nasdaq Composite indices fell by 0.49% and 0.90%, respectively, as investor concerns about OpenAI's revenue growth weighed heavily on market sentiment. Additionally, a range of companies, including Adani Power and Bajaj Finance, are set to announce their fourth-quarter results today, while Amba Auto Sales & Services' initial public offering (IPO) is in its final subscription day, with a current subscription rate of 0.44 times.
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The marginal gains in the GIFT Nifty may influence investor sentiment in the Indian stock market, potentially affecting home investors and traders.
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