{"id":1894,"date":"2026-09-04T08:32:34","date_gmt":"2026-09-04T08:32:34","guid":{"rendered":"https:\/\/newsraise.com\/in\/2026\/09\/04\/indian-benchmarks-expected-open-higher-global-cues\/"},"modified":"2026-09-04T08:32:34","modified_gmt":"2026-09-04T08:32:34","slug":"indian-benchmarks-expected-open-higher-global-cues","status":"publish","type":"post","link":"https:\/\/newsraise.com\/in\/2026\/09\/04\/indian-benchmarks-expected-open-higher-global-cues\/","title":{"rendered":"Indian benchmarks expected to open higher as global cues turn positive"},"content":{"rendered":"\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"9fece8afa224fd09e54b043d0febfb58\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- NR ATF -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-8898941184964366\"\r\n     data-ad-slot=\"4839033563\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p>On Friday,\u202f4\u202fSeptember, the Indian equity benchmarks \u2013 the Sensex and the Nifty\u202f50 \u2013 are projected to begin the session in positive territory, mirroring upbeat signals from overseas markets. The forward\u2011looking Gift Nifty, which reflects futures pricing, was quoted around 24,051, a premium of roughly 51 points over the previous close of Nifty futures, reinforcing expectations of an early lift for the spot indices.<\/p>\n<h2>Recent market performance<\/h2>\n<p>The optimism follows a subdued close on the preceding trading day. Both major indices slipped, with the Sensex dropping 417.49 points, or 0.55\u202f%, to finish at 76,152.86. The Nifty\u202f50 fell 41 points, equivalent to 0.17\u202f%, settling at 23,873.45, just under the 23,900 mark. The broader domestic equity market also ended lower, indicating that the recent correction may still be influencing trader sentiment.<\/p>\n<h2>Technical outlook from market analysts<\/h2>\n<p>Sachin Gupta, Vice\u2011President of Technical Research at Choice Equity Broking, described the overall market tone as \u201csideways to bearish.\u201d He emphasized that the Sensex remains under pressure beneath its key moving averages. Maintaining the support corridor between 75,500 and 75,800, according to Gupta, is essential for any short\u2011term stabilization. A decisive move above the 76,650\u201377,000 range, he added, could provide relief and improve the near\u2011term trend, but until the index re\u2011captures that higher resistance and momentum indicators turn positive, traders are likely to stay cautious, with \u201cselling on rises\u201d continuing to dominate.<\/p>\n<p>Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, noted that the Nifty\u202f50 failed to hold the highs it reached on Thursday after a reasonable bounce from Wednesday\u2019s lows. The index closed about 40 points lower, reflecting lackluster trading activity. Although the opening downside gap from Wednesday was fully filled, the Nifty slipped nearly 125 points from the day\u2019s high to close near the lows. Shetti highlighted that a long negative candle on the daily chart erased some of the prior session\u2019s gains and that the underlying trend remains weak amid choppy movements. He warned that a break below the 23,800 level could pull the Nifty toward the next support at 23,600, a level that coincides with the opening upside gap recorded on\u202f15\u202fJune. On the upside, the 24,100 mark is likely to act as immediate resistance.<\/p>\n<p>Technical analyst Hitesh Rathi of Angel One added that a decisive daily close beneath the 23,800\u201323,700 support band could trigger further weakness, initially targeting the 23,500\u201323,450 zone in the short term. Conversely, the 24,000\u201324,050 band, which had recently served as a strong support zone, is now expected to function as immediate resistance, with a stronger hurdle at 24,150\u201324,200. Rathi also pointed to a short\u2011term trend reversal in the Nifty Midcap index, urging market participants to stay cautious and avoid aggressive overnight positions until a clear reversal is confirmed.<\/p>\n<p>Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, shifted focus to the Bank Nifty, which ended Thursday on a positive note but has been range\u2011bound for the past 21 sessions. The index has been oscillating within a band of roughly 1,254 points, indicating the absence of a decisive directional trend. Shah said the current technical setup still points to a consolidation phase, with momentum indicators and oscillators signaling a sideways market structure. He identified the 57,900\u201358,000 zone as the immediate resistance for Bank Nifty, while the 56,900\u201356,800 band remains a key support level.<\/p>\n<h2>Key levels to watch<\/h2>\n<p>Analysts collectively highlighted several price thresholds that could shape market direction in the coming days. For the Nifty\u202f50, the primary support zone lies between 23,800 and 23,700, while resistance is expected in the 24,050 to 24,200 range. A breach of the lower support could expose the index to further declines toward 23,600, whereas a sustained rally above 24,100 may open the path toward higher resistance levels.<\/p>\n<p>For the broader Sensex, holding the 75,500\u201375,800 support band is deemed crucial, with the 76,650\u201377,000 corridor identified as the next resistance hurdle. The Bank Nifty\u2019s immediate resistance sits at 57,900\u201358,000, with support anchored around 56,900\u201356,800.<\/p>\n<p>Given the mixed technical signals and the recent price action, market participants are advised to remain vigilant. The prevailing sentiment among the quoted analysts leans toward caution, with a recommendation to avoid aggressive overnight positions until a clearer trend emerges. Investors are also reminded that the views expressed belong to individual analysts and their respective brokerage houses, and that professional advice should be sought before making investment decisions.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Analysts anticipate a green opening for the Sense\u202fand\u202fNifty on\u202f4\u202fSeptember, citing global cues and a premium in the Gift Nifty, while warning of sideways to bearish momentum.<\/p>\n","protected":false},"author":4,"featured_media":1895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[299],"tags":[1914,1913,1686,1373,1722],"class_list":["post-1894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bank-nifty","tag-nifty-50","tag-sensex","tag-stock-market","tag-technical-analysis","entry"],"_links":{"self":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/1894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/comments?post=1894"}],"version-history":[{"count":0,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/1894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media\/1895"}],"wp:attachment":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media?parent=1894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/categories?post=1894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/tags?post=1894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}