Gift Nifty Open Report, July 10, 2026: Markets to Open Marginally Higher on Friday

Mumbai, July 10: Indian equity indices are likely to open marginally higher on Friday, tracking positive cues from Asian markets and a strong close on Wall Street overnight despite tensions continuing to simmer in the Middle East. Gift Nifty futures traded marginally in the green ahead of the 9: 15 am bell, indicating that markets will extend Thursday’s recovery after Iran and the U. S. traded military strikes overnight. 

Gift Nifty Hints at Positive Opening 

Gift Nifty futures for delivery in July 28, 2026 series was trading at 24,115.00 as on 7:37 am on Friday, up 12.50 points or 0.05%. This means that the Nifty 50 is likely to open slightly above the 24,100-mark when markets open on Friday, extending recovery from the previous day. Gains are likely to be capped as investors await cues from other markets through the day, with market unlikely to see a strong risk-on move given simmering geopolitical tensions. 

Asian Stocks Rise on Friday Morning 

Japan’s Nikkei 225 Index led gains among its regional peers on Friday morning, rising 1.77% to 68,942.12. Hong Kong’s Hang Seng Index rose 0.83% to 24,229.32 and Thailand’s SET gained 2.03%, while the Philippine benchmark PSEi climbed half a percent. Australia’s All Ordinaries Index, Indonesia’s JSX Composite and Shanghai’s SSE Composite also traded higher, gaining 0.54%, 0.67% and 0.42% each. Vietnam’s HNX 30 bucked the trend among its regional peers, slipping half a percent, while Pakistan’s KSE 100 Index was off 0.20%. 

Wall Street Rings the Bell Higher on Thursday 

U.S. markets ended broadly stronger on Thursday, led by tech-heavy Nasdaq Composite Index which climbed 1.30% to 26,206.89. The S&P 500 Index advanced 0.81% to close at 7,543.64 and the Dow Jones Industrial Average gained 0.27% to end the day at 52,487.41. The NYSE Composite Index closed 0.36% higher, while Canada’s S&P/TSX Composite added 0.76%. Mexico’s benchmark S&P/BMV IPC Index was the sole loser among its peers, slipping 0.75%. 

Oil Prices Recover Overnight, Set for Weekly Gain 

Oil prices recovered from early losses on Friday, but are set for a weekly gain as investors weighed concerns over tensions between Iran and the U.S. Brent crude futures traded 0.08% lower at $76.24 a barrel and WTI futures were off 0.06% to $72.04. The international benchmark was headed for a weekly gain of around 6% and WTI to gain around 5%. Oil prices jumped as much as 4% on Thursday after Iranian forces targeted American troops in Iraq overnight. However, prices pared gains after U.S. President Donald Trump said on Thursday that Iran “chose a very wise and responsible way out” by not targeting Americans. Analysts said Washington’s restraint towards Iranian oil facilities calmed nerves in oil markets, although Iran warned Thursday that it would not hesitate to close the Strait of Hormuz again if faced with foreign meddling. About 20% of daily global supplies of oil and gas passed through the strait before the conflict between Tehran and Washington escalated last month. 

Iran-US War Shows No Signs of Cooling 

Iran said on Thursday that it attacked US military bases across Gulf states overnight, after Washington launched fresh strikes on Iran’s southern coast and eastern provinces earlier in the day. The assault on military infrastructure from both sides early Thursday further dimmed hopes of a three-week ceasefire holding. Iran’s retaliation came hours after the country buried slain top general Qassem Soleimani at a ceremony on Thursday morning. Soleimani was killed in a U.S.-Israeli airstrike on February 28 and Iran vowed revenge shortly after.  

Tehran said on Thursday that U.S. efforts to redirect ships through the Strait of Hormuz were disrupting plans to reopen the vital shipping lane fully and promised a “crushing response” to any further intervention. U.S. officials have also said that the strait transit has returned to about half of pre-war levels. “Technical talks continue with Iran,” Washington said Thursday, although President Trump has drawn criticism for failing to broker an end to hostilities ahead of November’s midterm elections. 

Sensex and Nifty Recover on Thursday 

Indian benchmark indices extended losses on Thursday after rising marginally in the early session. A slew of IT stocks declined despite attractive valuations, while investors continued their hunt for large caps in realty, PSU banks and consumer durables. The Sensex ended 238.22 points or 0.31% higher at 76,741.82 and the Nifty50 gained 80.75 points or 0.34% to settle at 23,962.80. Healthy buying was seen across 2,793 stocks compared to declines in 1,263 shares on the NSE. Nifty Realty gained the most among sectoral indices, jumping 3.5%, while Nifty Media climbed 2%. Losses were led by the Nifty IT index which declined by 0.47% ahead of June-quarter earnings season. 

Source

• nseindia.com