Pre-Market 28 April 2026: What To Expect After Nifty Reclaims 24,000; GIFT Nifty Flat

Indian equity markets move into Tuesday’s session after a recovery in the previous trade. Benchmarks snapped a three-day losing streak, supported by buying across sectors.

The Sensex rose 639.42 points to close at 77,303.63. The Nifty 50 gained 194.75 points to close at 24,092.70 on 27 April 2026.

What Happened In Monday’s Session?

Gains were seen across sectors. Pharma shares and healthcare shares were among the top performers.

Sun Pharmaceutical Industries, Jio Financial Services and Reliance Industries shares were key contributors to the rise. On the other hand, Shriram Finance, Axis Bank and Bharat Electronics Limited shares saw some pressure.

Market breadth remained strong. Advancing stocks outnumbered declines by about 4:1 on the NSE, indicating broader participation.

Global Cues After Market Hours

Global markets showed a mixed trend after Indian trading hours.

In the US, the Dow Jones Industrial Average slipped 62.67 points, or 0.13%, to 49,168.04. However, the S&P 500 gained 8.85 points, or 0.12%, to 7,173.93, and the Nasdaq Composite gained 50.50 points, or 0.20%, to 24,887.10.

Investors remained cautious as US-Iran talks showed little progress. At the same time, markets are gearing up for a heavy earnings week, with a large set of companies due to report.

Asian markets were mixed. Japan’s Nikkei rose 1.38%, while Hong Kong’s Hang Seng slipped 0.20%.

European markets were under pressure. The FTSE 100 fell 0.56%, while the CAC 40 declined 0.19%.

GIFT Nifty Update

GIFT Nifty was around 24,105.50, up 12.50 points (0.05%) as of 27 April 2026 at 20:49 IST. The move is marginal. It suggests a possible flat start for domestic markets.

Technical Levels To Watch

The Nifty index is now near key levels after the recent bounce.

• Immediate support is placed around 23,800. A move below this could weaken the trend.

• On the upside, resistance is seen in the 24,115–24,150 zone.

• If this range is crossed, the index may move towards 24,500–24,600.

The short-term trend has improved after the recent correction. Even so, the Nifty needs to hold above these levels to sustain momentum.

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What Should Investors Expect Today?

The session could start on a steady note, in line with mixed global signals.

Even so, sentiment remains watchful. Updates around the US–Iran situation and the ongoing Q4 FY26 earnings season are likely to guide trade.

After Monday’s rebound, markets may look to hold gains. The key will be whether the index can move past near-term resistance or slip back into a range.

Sources:

CNBC TV18

Reuters