India’s Nifty 50 index rose 0.33% in pre-open trade on January 28, while Nifty futures gained 0.21%. The uptick reflects investor optimism ahead of the Union Budget and global cues. Market sentiment remains cautious yet positive, with focus on fiscal announcements, corporate earnings, and global monetary policy signals.
The Nifty 50 index began the day on a firm note, climbing 0.33% in pre-open trade, while Nifty futures advanced 0.21%, signaling steady investor confidence. The gains come as markets brace for a crucial week dominated by the Union Budget 2026, corporate earnings, and global economic developments.
Analysts highlight that the pre-market momentum reflects anticipation of fiscal measures to support infrastructure, manufacturing, and consumption. Meanwhile, global factors such as U.S. Federal Reserve policy cues and oil price trends continue to shape investor sentiment.
Key Highlights:
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Nifty 50 Index: Up 0.33% in pre-open trade.
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Nifty Futures: Up 0.21%, indicating positive derivative positioning.
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Drivers: Pre-budget optimism, corporate earnings season, global monetary signals.
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Investor Sentiment: Cautious but constructive, with focus on fiscal deficit targets.
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Outlook: Volatility expected as budget announcements and global cues unfold.
The early gains suggest that investors are positioning for potential growth-oriented measures in the upcoming budget, while keeping a close watch on external risks.
Sources: Reuters, Economic Times, Business Standard.