Pre-market Update: Sensex and Nifty 50 Set to Open Higher on April 16 Amid U.S.-Iran De-escalation Hopes

Pre-Market Update at 7:38 AM: The benchmark indices of the Indian stock market, Sensex and Nifty 50, are expected to open higher on Thursday, tracking overnight gains on Wall Street amid hopes of easing tensions in the U.S.–Iran conflict. Asian markets traded in the green, while U.S. equities ended on a mixed note, with the Nasdaq recording its longest winning streak since November 2021.

As of 7:25 am, GIFT Nifty hovered around 24,308, up by 58 points from the previous close of Nifty futures, indicating a positive start for the Nifty 50.

Tensions between the United States and Iran remain elevated. Iranian official Mohsen Rezaei warned that if U.S. forces invade, Iran could capture American soldiers and target U.S. naval ships in the Strait of Hormuz. Meanwhile, Donald Trump stated that the war was “very close to over,” raising hopes of de-escalation.

In global bond markets, Japan’s yield curve steepened as expectations of a rate hike by the Bank of Japan weakened. The two-year bond yield fell to 1.365 per cent, while the 10-year yield rose to 2.415 per cent.

On the domestic front, India’s trade deficit narrowed to a nine-month low of USD 20.67 billion in March due to lower imports. Exports declined 7.44 per cent to USD 38.92 billion, while imports fell 6.51 per cent to USD 59.59 billion. For FY2025–26, exports rose slightly to USD 441.78 billion, while imports surged to USD 775 billion, widening the annual deficit to USD 333.2 billion.

India’s unemployment rate increased to 5.1 per cent in March 2026. Urban unemployment rose to 6.8 per cent, while rural unemployment remained largely stable at 4.3 per cent.

Crude oil prices declined on hopes of easing geopolitical tensions and smoother passage through the Strait of Hormuz. Brent crude fell to USD 94.49 per barrel, while WTI dropped to USD 90.59 per barrel. Meanwhile, the U.S. dollar remained near its lowest level since early March, with the dollar index at 98.027. The euro, pound, yen, and yuan posted modest gains against the dollar.

From a derivatives perspective, the Put-Call Ratio (PCR) stands at 1.12. Significant open interest on the Put side is concentrated at 24,200, indicating strong support, while the Call side shows heavy open interest at 24,500, marking a key resistance level.

Technically, the undertone for the Nifty 50 remains positive as long as it holds above the 24,075–24,050 zone. Immediate resistance is seen at 24,415, and a sustained move above this level could push the index towards 24,753.

In the derivatives segment, Sammaan Capital and SAIL remain under the F&O ban for April 16.

Institutional flows remained mixed on April 15. Foreign Institutional Investors (FIIs) were net buyers, purchasing equities worth Rs 666.15 crore, while Domestic Institutional Investors (DIIs) sold shares worth Rs 568.98 crore.

On Wednesday, the Indian stock market witnessed strong buying momentum. The Sensex rallied 1,263.67 points, or 1.64 per cent, to close at 78,111.24, while the Nifty 50 gained 388.65 points, or 1.63 per cent, to settle at 24,231.30.

On Wall Street, markets ended on a mixed but largely positive note. The Dow Jones Industrial Average declined 72.27 points, or 0.15 per cent, to 48,463.72. The S&P 500 rose 55.57 points, or 0.80 per cent, to 7,022.95, while the Nasdaq Composite surged 376.93 points, or 1.60 per cent, to 24,016.02.

Among stocks, NVIDIA rose 1.23 per cent and AMD gained 1.20 per cent. Microsoft jumped 4.63 per cent, while Apple advanced 2.95 per cent. Amazon edged down 0.21 per cent. Financial and tech stocks saw notable gains, with Morgan Stanley rising 4.5 per cent and Tesla surging 7.63 per cent. Broadcom gained 4.2 per cent, while Snap climbed 7.9 per cent. In a standout move, Allbirds shares skyrocketed 582 per cent.

In commodities, gold and silver prices moved higher amid easing inflation concerns linked to geopolitical developments. Spot gold rose 0.5 per cent to USD 4,812.95 an ounce, while silver gained 0.6 per cent to USD 79.39 an ounce.

Disclaimer: The article is for informational purposes only and not investment advice.

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