Nifty Divergence Alert: Futures Surge 0.53% as Spot Dips 0.1% in Tense Open!

Nifty 50 futures (NIFCI) opened stronger, gaining 0.53% in initial trades, contrasting the spot Nifty (.NSEI) slipping 0.1%—a classic futures-spot premium amid mixed sentiment. This divergence follows RBI's liquidity boost and 25bps repo cut to 5.25%, fueling rate-sensitive sectors like banking and realty, yet caution prevails on US CPI/Fed watch.​

Gift Nifty's positive handover from Asian peers supported futures premium, with open interest steady at ~1.96 lakh lots. Spot Nifty tested 25,999 support after Friday's record highs near 26,200, driven by HDFC Bank, Reliance weights. Broader market breadth showed advances outpacing declines slightly.​

Traders eye 26,000 resistance; sustained futures lead could trigger spot catch-up by mid-session.​

Key Highlights

Futures (NIFCI): +0.53%; spot (.NSEI): -0.1% early trade​

Spot levels: Near 26,000; high 26,202/low 25,985 recent​

Drivers: RBI boost, US data caution, banking rally​

Open interest: ~1.96L lots steady; Gift Nifty positive​

Outlook: Futures premium may lift spot; watch 26K resistance​

Sources: Investing.com, NSE India