Stock Market Update: GIFT Nifty Indicates Negative Opening Amid Global Rally
Stock Market LIVE: GIFT Nifty signals negative open; Nikkei 225 & Kospi hit fresh highs
Business Standard
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On April 23, 2026, the GIFT Nifty indicated a negative opening for India's Nifty50, dropping 179 points to 24,206, influenced by geopolitical tensions between the US and Iran. Despite this, Japan's Nikkei 225 and South Korea's Kospi reached new highs, reflecting a mixed sentiment in Asian markets.
- 01GIFT Nifty futures dropped 179 points, signaling a negative start for Nifty50.
- 02US-Iran ceasefire remains in effect, but Iran is not participating in negotiations.
- 03Japan's Nikkei 225 and South Korea's Kospi reached fresh highs amid global market rally.
- 04Brent crude prices remain elevated above $100 per barrel due to ongoing tensions.
- 05Several companies are set to announce their Q4 results today, including Infosys and Adani Energy Solutions.
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On April 23, 2026, the GIFT Nifty indicated a negative opening for India's Nifty50, falling 179 points to 24,206 as investors reacted to geopolitical tensions stemming from the US-Iran ceasefire announced on April 7. While US President Donald Trump stated that the ceasefire will remain until Iran submits a unified proposal, Iran has refused to engage in negotiations, leading to concerns about inflation and growth. In Asia, Japan's Nikkei 225 experienced a slight decline of 0.47%, while South Korea's Kospi rose 1.38%, reflecting mixed market reactions. Brent crude oil prices remained elevated, trading above $100 per barrel as hostilities in the Strait of Hormuz continued to impact supply. Additionally, several companies, including Infosys and Adani Energy Solutions, are expected to announce their Q4 results today, while Adisoft Technologies is set to open its initial public offering (IPO) to raise ₹74.10 crore (approximately $8.9 million USD).
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The negative opening of the Nifty50 may affect investor sentiment and trading strategies in the Indian stock market.
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