Pre-Market 25 May 2026: Nifty Holds 23,700 Support; GIFT Nifty Signals Firm Start After Global Rally

Markets head into Monday after benchmark indices closed higher in the previous session, helped mainly by gains in banking and financial shares.

The Sensex rose 232 points to end at 75,415.35, while the Nifty 50 added 65 points to settle at 23,719.30 on 22 May 2026.

What Happened In Friday’s Session?

Indian equities extended gains on Friday, although the broader market remained mixed. Financial stocks were among the biggest contributors to the market’s gains.

The Nifty Bank index rose 1.15%, while private banks saw stronger buying interest, with the Nifty Private Bank index climbing 1.49%. Some sectors, however, stayed under pressure. Nifty Healthcare fell 1.52%, while the Pharma and Media indices lost 1.27% and 1.47%, respectively.

However, the BSE 150 Midcap Index edged up 0.11%, while the BSE 250 Smallcap Index slipped 0.26%.

Market sentiment remained cautious as Brent crude stayed above the $105 per barrel mark amid continued uncertainty around the US-Iran negotiations. The rupee, however, strengthened sharply and settled 63 paise higher at 95.73 against the US dollar.

Global Cues After Market Hours

Wall Street ended higher on Friday as easing US Treasury yields supported investor sentiment after a volatile week.

The Dow Jones Industrial Average rose 294.04 points or 0.58% to 50,579.70. The S&P 500 gained 27.75 points or 0.37% to 7,473.47, while the Nasdaq Composite added 50.87 points or 0.19% to 26,343.97.

In European markets, the FTSE 100 Index advanced 22.79 points or 0.22% to 10,466.26, while France’s CAC 40 Index rose 29.75 points or 0.37% to 8,115.75.

Japan’s Nikkei 225 Index jumped 1,654.93 points or 2.68% to 63,339.07, while Hong Kong’s Hang Seng Index gained 219.51 points or 0.86% to 25,606.03.

GIFT Nifty Update

GIFT Nifty traded at 23,720.00, up 29 points or 0.12% as of 23 May 2026, 02:41 IST. The trend pointed to a mildly positive opening for domestic equities on Monday.

Key Levels To Watch

Nifty continues to trade in a narrow range after several sideways sessions.

• Immediate support is placed near the 23,700 zone and the 50-day SMA

• Analysts believe sentiment may remain positive if the index holds above 23,700

• On the upside, 23,850 remains a crucial resistance level

• A breakout above 23,850 could push the index towards 24,000–24,200

For the Sensex, immediate resistance is seen in the 75,800–76,000 range, while support is placed around 74,600–74,400.

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What Should Investors Expect Today?

Markets are likely to track global equities and banking stocks in Monday’s session.

Positive cues from Wall Street and strong gains across Asian markets could support sentiment in early trade. GIFT Nifty trends also suggest a firm opening for domestic indices.

At the same time, investors are also expected to monitor the rupee, crude price movement and any fresh developments around the US-Iran negotiations through the session.

Sources:

Mint

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