Stock Market LIVE: GIFT Nifty signals positive open; cooling US Fed rate-hike bets lift Asia mkts

Indian stocks are poised to open positively on Friday, buoyed by favorable global cues. The Nifty is expected to open higher by around 150 points, according to GIFT Nifty's current value of 24,030. SEBI's decision to reassess the contentious Closing Auction Session has also received positive remarks, as it aims to eliminate confusion and trading complications.

Experts are optimistic about Indian markets starting the week on a stronger note, aided by a rebound on Wall Street and gains in Asian equities. The easing of global bond yields has provided some respite to risk assets. US Treasury yields have dropped following comments from Federal Reserve Governor Christopher Waller, who indicated that a rate hike might not be necessary if inflation remains moderate.

However, the US Federal Reserve's upcoming non-farm payrolls report will be a crucial macro event, potentially influencing the Federal Reserve's policy stance. Geopolitical tensions and high crude oil prices may temper investor appetite for aggressive positions, leading to profit-taking. Asian markets are also trading higher as bond yields decline and Wall Street's previous surge sets a positive tone.

Despite the favorable global outlook, investors remain cautious about crude oil prices and the situation in West Asia, which continue to impact risk sentiment. SEBI has introduced the Continuous Auction System (CAS) for determining the closing price of securities in the equity cash segment from August 3, 2026. SEBI may propose changes to CAS's methodology for calculating derivative contract settlement prices, and a consultation paper is expected in a week.

Former politician Kirit Somaiya supports SEBI's decision to review CAS, citing the challenges brought on by CAS-induced issues. Market analysts advise caution and a wait-and-watch approach until a clear trend reversal is observed.