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Asian markets strengthen as GIFT Nifty signals higher open
Global gains lifted sentiment as GIFT Nifty traded higher, Asian markets advanced, and the IMF reclassified India’s currency regime while technical indicators suggested further upside.
Early trading showed the GIFT Nifty up 45 points at 26,427, indicating continued positive sentiment after the previous session’s rally. Asian markets tracked Wall Street gains, with Japan’s Nikkei and South Korea’s Kospi advancing. Global equities extended momentum for a fifth session. In currency developments, the IMF reclassified India’s exchange rate regime as crawl like.