Indian equity markets are set to continue their upward momentum, with the Gift Nifty trading near 24,580, up more than 200 points from the previous close of Nifty futures.
The benchmark Nifty 50 ended the prior session below the 24,400 mark, while the Sensex gained 166.49 points, or 0.21%, to settle at 78,094.64.
The rally marks a fourth consecutive day of gains for Indian indices, driven by sustained inflows from foreign portfolio investors and a favorable macroeconomic backdrop characterized by declining oil prices.
This combination of external capital support and reduced input costs has bolstered investor sentiment across major sectors.
Market attention is now shifting toward the earnings season, which enters a critical phase with more than 50 companies scheduled to announce their financial results for the first quarter of fiscal 2027.
The dense cluster of reports, covering the quarter ended June 30, will provide key insights into corporate profitability and growth trajectories amid the current market environment.