Sensex and Nifty Set for Positive Opening as Global Bond Markets Stabilize

Indian shares are expected to open higher on Thursday, following broader Asian markets as global bond markets stabilized. The U.S. Treasury announced steps to bring down rising borrowing rates, providing relief to global equities.

GIFT Nifty futures stood at 24,241 points at 7:56 a.m. IST, pointing toward a positive start for the benchmark Nifty 50 index. The index closed at 24,078.3 on Wednesday, having fallen for seven consecutive sessions—marking a 2.1% loss in its longest run of declines in 11 months.

The recent downturn was largely driven by higher oil prices and bond yields, which dampened the appetite for risk assets. The U.S. Treasury stated overnight that it would double buyback sizes for long-duration debt. This move aims to curb an upward march in yields that had pushed the 30-year Treasury yield to its highest level since 2007 earlier in the week.

The Treasury's intervention eased investor concerns regarding rising borrowing costs, pushing the dollar lower and supporting stock markets globally. Asian stock markets rose over 2%, and U.S. equities also registered gains overnight.

Higher Treasury yields typically make emerging markets like India less attractive to foreign investors. Foreign institutional investors have recorded a net sale of $24.7 billion worth of Indian shares so far in 2026. However, provisional data showed that foreign investors net bought Indian shares worth 4.1 billion rupees on Wednesday, marking their third buying session in four.

Despite the relief in bond markets, risk appetite remains constrained. Elevated crude oil prices, with Brent crude futures remaining around $92 per barrel, continue to weigh on sentiment as investors monitor the outlook for the U.S.-Iran conflict and shipping security through the Strait of Hormuz.

In corporate updates, newly listed integrated IT solutions company Xtranet Technologies reported higher revenue and profit for its first quarter. Additionally, Lohia Corp posted a four-fold jump in profit and a 59.5% increase in revenue for the June quarter.

"The stabilization in global bond markets offers a welcome breather for Indian equities after a persistent seven-session decline. While macroeconomic factors like elevated crude prices and foreign fund outflows continue to demand caution, strong corporate performances from firms like Xtranet Technologies and Lohia Corp highlight underlying resilience in the broader business ecosystem. Investors should maintain a balanced perspective, keeping a close eye on both global debt yields and domestic earnings growth." — Dr. Shishir Gupta, Founder & CEO, StartupLanes