Nifty Today 31 July 2026: Gift Nifty Signals Gap Up, Tech Rally Lifts Sentiment

Gift Nifty Today — What the Pre-Market Is Signalling

The GIFT Nifty is currently trading at 24317.15, showing a modest uptick of 0.28%. This indicates an implied opening for the Nifty 50 approximately 67.0 points higher than its previous close of 24,317.15. This positive sentiment is directly fueled by a strong overnight performance in US technology stocks, specifically the Nasdaq, which surged by an impressive 2.78%. This upward momentum in global tech benchmarks suggests a risk-on appetite carrying over into Asian trading, which in turn is reflected in the GIFT Nifty’s pre-market posture, pointing towards an opening gap up for Indian equities today.

Overnight Global Markets — What Happened and Why It Matters for Nifty

Overnight, the US markets displayed robust gains, with the Dow Jones climbing 1.19% to 52,208 and the S&P 500 rising 1.66% to 7,438. The Nasdaq’s 2.78% surge to 25,122 was a significant driver, indicating strong investor confidence in the technology sector. In Asia, the Nikkei 225 experienced a substantial rally of 4.37% to 64,572, mirroring the positive sentiment from the US. However, the Hang Seng bucked the trend, closing marginally down by 0.04% at 25,848. For Nifty, the Nasdaq’s performance is particularly relevant, as it often dictates the direction of Indian IT stocks. A stronger Nasdaq suggests potential buying interest in Indian IT majors that derive a significant portion of their revenue from the US market. The broader gains in US and Japanese indices also translate to a generally positive global sentiment, which typically supports emerging markets like India.

Crude Oil, Gold and Dollar — The Three Forces Shaping Today’s Open

The commodity markets present a mixed picture that could influence specific sectors. Crude Oil (WTI) saw a decline of 2.76% overnight, settling at $82.13. This drop in oil prices is a positive sign for oil-consuming companies, potentially benefiting Oil PSUs like ONGC, as well as automotive manufacturers such as Hero MotoCorp and airlines, by reducing their input costs. Conversely, Gold prices rose by 2.50% to $4,136, which could provide a tailwind for gold finance companies. The Dollar Index closed higher at 100.18, up 0.17%. A stronger dollar can sometimes be a precursor to reduced foreign institutional investor (FII) inflows, as it makes Indian assets more expensive for foreign buyers. However, the strong positive sentiment from equities might override this to some extent for today’s session.

What FII/DII Data From 2026-07-30 Tells Us About Today’s Opening Bias

Yesterday, the institutional flow data for 2026-07-30 revealed significant buying activity from both foreign and domestic institutions. Foreign Institutional Investors (FIIs/FPIs) were net buyers to the tune of ₹2,981.87 Cr, indicating strong conviction from overseas investors in Indian equities. Domestic Institutional Investors (DIIs) also showed robust support, with net buying of ₹998.02 Cr. The combined net buying of over ₹3,900 Cr by institutions suggests a solid underlying demand for Indian stocks. This sustained buying interest, particularly from FIIs, provides a strong foundation for a positive opening bias today, and if continued, could support the Nifty 50 as it attempts to build on its previous close of 24,317.15.

Key Nifty Levels to Watch Today — Support, Resistance and Trigger Points

Based on the current pre-market sentiment and yesterday’s closing level of 24,317.15, key levels for Nifty today will be crucial. Immediate support is expected around the 24,250 mark, which acted as a minor resistance previously and now could serve as a psychological support zone. A break below this level might test the next significant support at 24,100, a level that saw considerable buying interest earlier in the week. On the upside, immediate resistance is likely to be encountered near 24,380, a level just above the current implied opening. A decisive move above 24,380, fueled by strong buying, could propel Nifty towards the 24,500 mark, which represents a more significant psychological and technical resistance. The 67.0 point gap up indicated by GIFT Nifty suggests an opening in the vicinity of 24,380 to 24,400.

Today’s Pre-Market Bottom Line — What Should You Do?

The pre-market intelligence for 31 July 2026, points towards a positive open for the Nifty 50, with the GIFT Nifty signalling a gap up of approximately 67.0 points from yesterday’s close of 24,317.15. The strong overnight performance of US tech stocks, particularly the Nasdaq’s 2.78% gain, along with substantial FII and DII net buying of ₹2,981.87 Cr and ₹998.02 Cr respectively yesterday, supports this bullish outlook. While falling crude oil prices ($82.13) are beneficial for consumption stocks, a rising dollar index (100.18) warrants monitoring for potential FII flow shifts. The most critical trigger to watch at the 9:15 AM IST market open will be the Nifty’s ability to hold above the implied opening level and push through the immediate resistance at 24,380. Sustained buying pressure above this point, especially in IT and broader market indices, would confirm the bullish momentum, while a failure to hold the opening gains and a dip below 24,250 could signal profit-taking or a shift in sentiment.

Nifty Today 31 July 2026: Gift Nifty Signals Gap Up, Tech Rally Lifts Sentiment