Nifty Today 28 October 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 22749.75, showing a significant upward tick of 0.66%. This indicates an implied opening for the Nifty 50 approximately 149.8 points higher than its previous close of 22,749.75. This bullish signal is predominantly driven by the overnight performance of the US tech-heavy Nasdaq index, which surged by a robust 1.18%. This strong upside momentum in the Nasdaq is likely translating into positive sentiment for Indian technology stocks and the broader market, prompting a gap-up opening for the Nifty today.

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

Overnight, US markets presented a mixed but generally positive picture. The Dow Jones saw a marginal increase of 0.03% to close at 52,378, while the S&P 500 posted a more substantial gain of 0.60% to reach 7,723. The standout performer was the Nasdaq, which advanced by 1.18% to 26,478, fuelled by strong earnings reports from key technology companies and anticipation of continued innovation. In Asia, the Nikkei 225 in Japan exhibited strong momentum, rising 1.26% to ¥64,067, indicating broad-based optimism across Asian markets. The Hang Seng in Hong Kong, however, saw a more subdued performance, closing up by just 0.03% at 23,049. For India, the Nasdaq’s upward trajectory is particularly significant, as it often dictates the performance of Indian IT majors like TCS and Infosys. The broader gains in US indices also provide a positive backdrop for sectors sensitive to global economic sentiment, potentially influencing banking and manufacturing stocks. The Nikkei’s strong performance suggests a positive sentiment across Asian markets, which can further bolster Indian equities.

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

Commodity markets present a mixed bag of signals for today’s trading session. Crude Oil (WTI) is up by 1.22% to $101.12 per barrel, a move that could put pressure on India’s oil marketing companies such as BPCL and IOCL, as well as airlines like IndiGo and SpiceJet, due to increased input costs. However, it may provide a boost to upstream oil producers like ONGC. Gold prices have seen a slight dip of 0.26% to $4,064, which could have a minor negative implication for gold finance companies like Muthoot Finance and Manappuram Finance, though the impact is likely to be muted given the small percentage change. The Dollar Index is trading slightly higher at 102.37, up by 0.05%. A stronger dollar can sometimes deter foreign institutional investors (FIIs) from investing in emerging markets due to currency headwinds, but its modest rise today may not significantly impact FII flows. The upward movement in crude oil is a key factor to monitor for inflation-sensitive sectors and companies with significant fuel expenditure.

What FII/DII Data From 2026-10-27 Tells Us About Today’s Opening Bias

Yesterday’s institutional flow data for October 27, 2026, reveals a strong buying conviction from Foreign Institutional Investors (FIIs/FPIs), who were net buyers to the tune of ₹4,240.39 Cr. This significant inflow indicates robust foreign investor confidence in the Indian equity market. Conversely, Domestic Institutional Investors (DIIs) were net sellers, offloading ₹1,250.03 Cr worth of shares. This DII selling could be attributed to profit-booking or rebalancing of portfolios. The substantial FII buying, coupled with the positive global cues, strongly suggests that the bullish sentiment is likely to carry forward into today’s trading session. The DII selling, while notable, is overshadowed by the aggressive FII purchasing, implying that foreign capital is driving the market’s immediate direction. This institutional positioning leans towards a continuation of the upward bias, provided no major overnight news emerges to alter sentiment.

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

Based on the current GIFT Nifty indication and yesterday’s closing price of 22,749.75, immediate support is expected around the 22,700 mark. This level acted as a psychological barrier and a point of consolidation in recent trading sessions. A break below 22,700 could trigger a minor correction, potentially testing the next support at 22,650, which aligns with previous intraday highs. On the upside, immediate resistance is anticipated at 22,800. This is a round figure and a level where profit-booking might emerge. A decisive move above 22,800, especially with strong volumes, would signal further upside potential, with the next significant resistance likely to be encountered around 22,850, a level not tested recently. Traders should watch the 22,750-22,800 band closely in the initial trading minutes as it will set the tone for the day.

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

The pre-market intelligence for October 28, 2026, points towards a bullish opening for the Nifty 50, indicated by the GIFT Nifty trading 149.8 points higher at 22749.75, driven by a strong Nasdaq rally. The substantial FII buying of ₹4,240.39 Cr yesterday reinforces this positive outlook, although the DII selling of ₹1,250.03 Cr warrants attention. The key trigger to watch when the market opens at 9:15 AM IST will be the price action in the first 15-30 minutes. If the Nifty sustains above the 22,750 level and pushes towards 22,800, the bullish momentum is likely to continue, favouring long positions. Conversely, any weakness below 22,730, especially on increased selling volume, could signal that the initial gap up is being sold into, and caution would be advised. The rise in crude oil to $101.12 remains a background risk for inflation-sensitive sectors.

Nifty Today 28 October 2026: Gift Nifty Signals Gap Up, Tech Rally Lifts Sentiment