Indian equity benchmarks are set to open higher on Thursday, July 2, supported by positive signals from global markets.
The Gift Nifty, a key pre-market indicator for the Indian market's direction, was trading at a premium ahead of the session open, signaling investor confidence following recent volatility.
5 level, marking a premium of approximately 88 points over the Nifty 50's previous close.
The pre-market gauge was trading around the 24,180.5 level, marking a premium of approximately 88 points over the Nifty 50's previous close.
This positive sentiment comes as crude oil prices ease, providing relief to market participants concerned about input costs and inflationary pressures.
The rebound marks a reversal of a two-day decline for the Sensex and Nifty 50, which had faced selling pressure in the previous sessions.
Global market cues have played a pivotal role in shaping the outlook for Indian equities.