Gift Nifty is trading with a strong positive bias in the early hours on Tuesday, March 24, 2026, pointing towards a gap-up opening for the Indian stock market. Currently, Gift Nifty is showing gains of nearly 2-3%, which could translate into a 2-5% rise in Nifty 50 at the opening bell. This upbeat pre-market signal comes as a welcome relief after recent volatility triggered by geopolitical tensions.
The primary reason for this expected surge is the sharp de-escalation in US-Iran tensions. Reports of former US President Donald Trump postponing military strikes on Iranian facilities have eased global risk aversion. As a result, international crude oil prices have dropped significantly, falling below the $100 per barrel mark briefly, which has reduced inflation worries and boosted risk-on sentiment across global markets.
Improved global cues are also playing a key role. Major US indices recovered smartly overnight, while most Asian markets are trading in the green. This positive momentum is clearly reflecting in Gift Nifty, with the contract climbing over 600-700 points from its lower levels. Cooling oil prices and hopes of diplomatic talks have further supported the bullish mood.
On the domestic front, analysts believe the recent correction has created attractive buying opportunities in quality stocks. Domestic institutional investors (DIIs) have remained consistent buyers, providing a strong cushion to the market. If Gift Nifty sustains its current levels above 23,000, Nifty could witness a sharp technical rebound during the day, with Banking, IT, Auto, and Metals sectors likely to lead the gains.
However, traders should remain cautious as the situation around geopolitical developments can change rapidly. Any fresh escalation in global tensions or unexpected shift in oil prices may reverse the sentiment quickly. Investors are advised to follow strict risk management, watch key support and resistance levels closely, and avoid aggressive positions right at the opening.