Indian equity markets are likely to open on strong note, as almost all exit polls predicted the return of ruling NDA government. Signals from the US that tariff on India may be lowered anytime soon. Gift Nifty at 25,975 against Nifty futures of 25,811.40, indicates a strong gap-up opening for domestic markets. According to seven exit polls, the NDA is projected to win between 133 and 160 seats, while the Opposition Mahagatbandhan may win between 73 and 102 seats. Prashant Kishor’s Jan Suraaj may win between 0 and 8 seats.
Meanwhile, global stocks are also signalling a positive outlook.
Ponmudi R, CEO of Enrich Money, said global market sentiment remains upbeat this morning, with risk appetite improving across major regions as investors cheer encouraging developments on multiple fronts.
“The US Congress appears close to ending the prolonged federal government shutdown — a move that would restore funding to key agencies and allow the release of delayed economic data, reducing policy uncertainty. Adding to the positive tone, a private survey indicating a slowdown in US labor market activity has strengthened expectations of an early Fed rate cut in 2026,” he said.
Across Asia, equities opened higher, with the Nikkei and KOSPI extending gains, reflecting improved global risk appetite. Against this backdrop, Indian markets are likely to remain resilient, supported by optimism about progress in US–India trade negotiations — a potential boost to export-oriented sectors such as IT, pharma, and manufacturing. Strong domestic institutional inflows and better-than-expected corporate earnings are further expected to help sustain momentum, keeping overall investor sentiment constructive.
The F&O market also indicates a slightly positive sentiment.
Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said: “The derivatives setup reflects a cautiously optimistic sentiment.“ “Put writers have been aggressively adding open interest at nearby strikes, while call writers are simultaneously building exposure at higher levels — suggesting a consolidation phase with a positive bias. A sizeable open interest buildup of 52.80 lakh contracts at the 26,000 call strike indicates a firm resistance ceiling, while significant put OI of 40.60 lakh contracts at the 25,600 strike highlights a well-defined support base.”
The Put-Call Ratio (PCR) has improved to 1.04 from 0.95, signalling a cautiously bullish undertone as participants maintain positions with a neutral-to-positive bias, he further said.