GIFT Nifty Surges 3.38% on April 10 Despite Domestic Market Holiday
Key Highlights:
On 10 April 2025, the GIFT Nifty 50 Index Futures traded at 23,246.00, gaining +759 points or +3.38%, as of 07:37 AM IST. The surge is driven by global bullish sentiment, despite India’s domestic stock exchanges (NSE and BSE) remaining closed today due to Mahavir Jayanti.
GIFT Nifty Snapshot – 10 April 2025
| Metric | Value |
|---|---|
| Current Price | 23,246.00 USD |
| Change | +759.00 pts |
| Percentage Gain | +3.38% |
| Previous Close | 22,487.00 USD |
| Exchange | NSE International Exchange (NSE IX) |
What’s Driving GIFT Nifty Today?
- Nasdaq’s 12% Tech Boom: The U.S. tech sector exploded overnight, leading global gains.
- Asian Markets in Rally Mode:
- TAIEX: +9.34%
- KOSPI: +4.50%
- ASX 200: +6.21%
- Nikkei 225: +1.93%
- SGX to GIFT Transition Strength: Increasing trust in GIFT Nifty as a true indicator of India’s opening sentiment, even during domestic holidays.
- Strong Institutional Bets: FIIs may use this momentum for a gap-up open tomorrow.
What Is GIFT Nifty?
GIFT Nifty (formerly known as SGX Nifty) represents the Nifty 50 futures contract traded at NSE IX, the International Exchange located in GIFT City, Gujarat. It acts as a global indicator of India’s market opening, especially useful when NSE and BSE are shut.
Impact on Indian Markets
While domestic exchanges remain closed today, the strong performance of GIFT Nifty suggests:
- Likely gap-up opening on April 11 for Nifty 50
- Sector-specific boosts in IT, banking, and energy
- Increased FII interest as risk appetite grows globally
📌 FAQs on GIFT Nifty – April 10, 2025
Why is the Indian stock market closed today?
Today, April 10, marks Mahavir Jayanti, a public holiday. NSE and BSE are closed.
Is GIFT Nifty open on April 10?
Yes, GIFT Nifty trades on the NSE International Exchange, which follows a different calendar and is open today.
How much has GIFT Nifty moved today?
As of 07:37 AM IST, GIFT Nifty is up by 759 points (3.38%) at 23,246.00.
What does GIFT Nifty’s rise mean for tomorrow’s market?
It indicates a strong positive bias. Expect a gap-up opening when NSE and BSE reopen on April 11, 2025.
What sectors are expected to benefit tomorrow?
Based on global cues:
- Technology
- Banking
- Auto
- Green energy
GIFT Nifty Signals Explosive Start for India on April 11
The sharp rise in GIFT Nifty futures today reflects strong investor confidence globally, and suggests Indian equities may begin Thursday’s session with strong gains. With the U.S. tech boom, Asia’s bullish trend, and no major domestic headwinds, the outlook for tomorrow is decisively positive.
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
