Pre-Market, 27 August 2026: Weak GIFT Nifty, Nvidia Earnings And Oil Prices To Guide Trade
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Indian markets may open weaker on 27 August as GIFT Nifty declines, while Nvidia’s earnings, oil prices, Strait of Hormuz developments and key technical levels guide trading sentiment.
Indian equities closed lower on Wednesday, with the Nifty 50 ending below 24,250. IT stocks led the fall ahead of Nvidia’s results, while the Sensex gave up its early gains to finish in the red.
The focus now shifts to key global cues, including Nvidia's quarterly results. Meanwhile, oil prices have eased on hopes of better traffic through the Strait of Hormuz.
How Did Benchmarks Close On Wednesday?
The BSE Sensex fell 183.16 points to 77,472.94, while the Nifty 50 slipped 126.80 points to 24,207.75. IT stocks were among the biggest drags, with the Nifty IT index down 1.47%.
IT stocks weakened ahead of Nvidia's quarterly results and following the US administration's proposal to impose a $103,265 fee on new H-1B visas, raising concerns about higher costs for Indian technology companies.
Global Markets
In US markets, the Dow Jones was down 0.21% to close at 53,463.88. The S&P 500 fell 0.02% to close at 7,675.70, while the Nasdaq Composite was down 0.08% to finish at 26,130.20.
European markets ended mixed. The FTSE 100 fell 0.07% to 10,878.12, while the CAC 40 rose 0.27% to 8,462.39.
Asian markets ended higher on Wednesday. The Nikkei 225 rose 0.62% to 66,262.16, while the Hang Seng Index gained 0.56% to 25,652.97.
GIFT Nifty Today
On 27 August at 7:28 am, the GIFT Nifty was trading at 24,363.50, down 32.50 points, indicating a weaker start for Indian equities on Thursday.
Nifty 50 Technical Levels
The 24,200-24,150 zone is the immediate support area for the Nifty 50. Below this range, 24,025-24,000 remains the next important support area.
On the higher side, 24,375-24,400 is the immediate resistance zone. A decisive move above this range could take the index towards 24,500-24,600.
What Could Shape Thursday's Trade?
Nvidia’s quarterly earnings are likely to be one of the biggest global triggers for Thursday’s session. The AI chipmaker reported quarterly revenue of $96.2 billion, supported by strong demand for data centre and artificial intelligence infrastructure. Nvidia also delivered a stronger outlook, helping its shares recover after an initially mixed reaction in after-hours trading.
The results could influence sentiment towards technology and AI-related stocks globally, including Indian IT companies.
Traders will also watch oil prices and developments around the Strait of Hormuz. The GIFT Nifty and Asian markets moves will also be on the radar.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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