Pre-Market 7 April 2026: Nifty Near 23,000; Global Cues, Oil in Focus

After recovering from early losses in the previous trade, Indian equity markets enter Tuesday's session. Buying picked up through the day, helping benchmarks close in the green.

The Sensex rose 787 points (1.07%) to 74,106.85, while the Nifty 50 gained 255.15 points (1.12%) to end at 22,968.25 on 6 April 2026.

What Happened In Monday’s Session?

Buying interest was visible across sectors, including metals, auto, PSU banks, and realty.

Nifty Smallcap 100 gained 1.29%, Nifty Midcap 100 increased 1.52%, and Nifty 100 surged more than 1%.

Among index heavyweights, HDFC Bank, ICICI Bank, Axis Bank, L&T and Titan supported the move. Eicher Motors was among the few stocks that ended lower.

Global Cues After Market Hours

The S&P 500 edged up 0.1%, while the Dow Jones slipped by 107 points. The Nasdaq gained 0.4%, supported by tech stocks.

Asian markets, which remained open after Indian hours, closed higher. Japan’s Nikkei rose 0.6%, and South Korea’s Kospi gained 1.4%.

The trend shows cautious optimism, not a strong risk-on mood.

Oil And Commodities In Focus

Brent crude cooled slightly, trading near $107 per barrel after staying elevated in recent sessions. WTI crude also moved lower during the day.

Gold prices moved higher. Futures rose over 1% to ₹1.51 lakh per 10 grams, reflecting ongoing geopolitical concerns.

GIFT Nifty Update

GIFT Nifty was trading around 23,048, up 47.50 points (0.21%) at 22:16 IST. This suggests the benchmarks could open higher. The level is also close to the 23,000 mark, which remains an important psychological level for traders.

Technical Levels To Watch

Markets are entering the session near key levels.

• 22,570 remains the near-term support. A break below this could open downside towards 22,450–22,300.

• On the upside, 22,830 is the level to watch. Sustaining above this could push the index towards 23,000–23,100.

Volatility remains elevated, with India VIX above 25. That points to wider intraday moves.

Also Read - Post Market, 06 April 2026: Sensex Gains 787 Points, Nifty Jumps Over 250 Points

What Should Investors Expect Today?

Markets may open on a positive note, but the session could remain uneven.

Fresh warnings from the US over the Strait of Hormuz have kept markets cautious, which in turn may influence equities right from the opening bell.

For now, traders may stay selective. Sharp moves on either side cannot be ruled out.

Sources:

Mint

Moneycontrol

The Hindu Businessline

The Economic Times