Pre-Market 8 April 2026: Sensex Up 510, Nifty Above 23,100; GIFT Nifty Signals Weak Start

After ending the last session higher, Indian equity markets move into Wednesday with momentum, as the Sensex and Nifty 50 posted solid gains on 7 April 2026.

Most sectoral indices ended the day higher. IT companies led a 2.5% gain in the Nifty IT index. Buying activity in real estate stocks led to a 1.67% boost in the Nifty Realty index.

Among index heavyweights, Wipro, HCL Technologies, TCS, Infosys and Hindalco Industries shares supported the upside. On the other hand, Adani Enterprises, InterGlobe Aviation, and Apollo Hospitals shares ended lower.

Global Cues After Market Hours

Japan’s Nikkei index edged higher, while Hong Kong’s Hang Seng declined.

The Dow Jones Industrial Average declined by 85.42 points (0.18%), while the S&P 500 fell 0.08% after President Trump’s decision on a ceasefire for the next two weeks. The Nasdaq Composite also slipped, weighed down by technology stocks.

Earlier, US President Donald Trump said that the US may attack critical facilities like power plants and bridges if the Strait of Hormuz is not reopened in time. Global oil exports continue to depend on the area, and any disruption might have an impact on supply chains.

Oil And Commodities In Focus

Crude oil prices moved higher again after recent volatility.

West Texas Intermediate crude settled around $112.95 per barrel. Brent crude continued to trade around $110 a barrel.

Concerns about supplies related to geopolitical situations are reflected in the increase. Sustained strength in oil could remain a key factor for global and Indian markets.

GIFT Nifty Update

The GIFT Nifty was trading at 22,989, down by 148.50 points (0.64%) as of 21:48 IST on 7 April. This suggests that Indian markets could open on a weaker note, despite the previous session’s gains.

The index has slipped back below the 23,000 mark, which remains an important level in the near term.

Technical Levels To Watch

Markets are approaching key levels after the recent move higher.

• Immediate resistance is seen around 23,400, near the 20-day exponential moving average.

• A pause in the upmove cannot be ruled out near this zone

• On the downside, support is placed between 22,700 and 22,500

Volatility remains elevated, although slightly lower than previous levels. India VIX stood at 24.70, down 3.03% during the session.

Also Read - Post Market, 07 April 2026: Benchmarks Close In Green After A Weak Start

What Should Investors Expect Today?

The market may begin on a cautious note, as global cues weakened after Indian trading hours. Early trade confidence is anticipated to be impacted by continued geopolitical concerns and rising oil costs.

Right now, the market is stuck in a narrow range, with sharp swings through the day. All eyes will be on global news and how the index reacts around key levels.

Sources:

Moneycontrol

CNBC

Reuters