Global Markets Rebound, GIFT Nifty Rises Sharply: Will NIFTY 50 Bounce Back on 8 April?
Table of Contents
After Monday’s brutal 3.24% fall, the NIFTY 50 is expected to stage a solid recovery on 8 April 2025, following strong cues from global markets and a sharp rise in GIFT Nifty, which is up 1.51% or +336 points at 22,656.00.
This signals a potential gap-up opening and broad-based buying across Indian equities in early trade.
Key Global Market Indicators
Here’s a snapshot of global market performance (as of early 8 April):
| Index | Current Change | Sentiment |
|---|---|---|
| Nikkei 225 (Japan) | +5.64% (▲1,757 pts) | Strong Bullish |
| Hang Seng (HK) | +2.05% (▲405 pts) | Bullish Recovery |
| ASX 200 (Australia) | +1.47% (▲108 pts) | Stable Positive |
| KOSPI (Korea) | +1.45% (▲33 pts) | Mildly Bullish |
| SSE Composite (China) | +0.19% (▲5.89 pts) | Sideways to Positive |
| SZSE Composite | -0.041% (▼0.73 pts) | Flat to Weak |
| TAIEX (Taiwan) | -3.73% (▼716 pts) | Negative Divergence |
| GIFT Nifty | +1.51% (▲336 pts) | Strongly Positive |
Why a NIFTY 50 Rebound Is Likely Today
Several factors indicate a recovery move in NIFTY 50 on 8 April:
- Gift Nifty points to strong opening around 22,650+, reversing much of Monday’s loss.
- Asian indices like Nikkei, Hang Seng, KOSPI, and ASX 200 are all sharply up, signaling return of risk appetite.
- US Futures and European cues are neutral to mildly positive.
- No major overnight negative trigger reported globally.
- Short-covering likely in beaten-down sectors like IT, Banking, and Auto.
Technical Setup for NIFTY 50 – 8 April 2025
- Previous Close: 22,161.60
- Expected Opening: 22,500–22,650 range
- Resistance Levels: 22,700 / 22,900
- Support Levels: 22,200 / 21,950
Trend Bias: Positive with high volatility
Volatility Index (VIX): Expected to cool after Monday spike
Sectoral Outlook
- IT & Tech: May bounce after heavy selloff.
- Banking & Financials: Could see strong short covering.
- Auto & Infra: Potential upside on macro optimism.
- Defensive stocks (FMCG, Pharma): May underperform in a bullish session.
Expert Take
“We’re seeing a textbook global relief rally after last week’s panic. NIFTY 50 is well-positioned for a rebound, with momentum driven by GIFT Nifty and strong Asian market openings,” says Manisha Singh, Market Strategist at EquiPulse India.
“Any gap-up must be watched for sustainability post 10 am. Profit booking could emerge at higher levels, but sentiment has turned short-term bullish.”
The NIFTY 50 is set for a bullish start on 8 April 2025, supported by strong global markets and a sharp uptick in GIFT Nifty. While volatility may persist, the overall sentiment has shifted from panic to optimism. Traders should look for momentum in beaten-down stocks but remain cautious near resistance zones.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
