Will Sensex, Nifty open higher amid US–Vietnam trade deal impact?

Gift Nifty futures were trading at 25,584 points at 8:18 am, suggesting an increase from the previous close of 25,574.50.

In Short

• Sensex and Nifty likely to open higher on Thursday
• Support for Nifty expected between 25,300 and 25,230
• Nifty futures trading at 25,584 points early morning

Sensex and Nifty are likely to experience a modest increase in opening on Thursday, influenced by gains in Asian markets following a new trade agreement between the U.S. and Vietnam. This optimism comes as investors keep a close watch on the progress of a potential US–India trade agreement.

Gift Nifty futures were trading at 25,584 points at 8:18 am, suggesting an increase from the previous close of 25,574.50.

VLA Ambala, Sebi registered Research Analyst and Co-Founder of Stock Market Today, said "We can expect Nifty to find support between 25,300 and 25,230 and face resistance near 25,550 and 25,750 in the next session."

Asian markets showed mixed reactions, with the MSCI Asia ex-Japan index up by 0.2%. This rise comes ahead of important U.S. jobs data and the consideration of a significant tax and spending bill in the U.S. Congress.

Meanwhile, the U.S. administration announced a 20% tariff on various Vietnamese exports, which President Donald Trump revealed on Wednesday, just days before a July 9 deadline for imposing stricter tariffs.

Negotiations between U.S. and Indian trade representatives are ongoing, aiming to reduce tariffs. However, unresolved issues in U.S. dairy and agriculture sectors persist, according to Reuters.

Bajaj Broking said that the index (Nifty) tested the immediate support area of 25,400 during Wednesday session.

"Going ahead, index holding above 25,400 on a closing basis will lead to a pullback towards 25,900–26,000 levels in the coming sessions. However, failure to do so may lead to a healthy retracement or consolidation, with the index likely moving within the broader 25,200–25,700 range," it added.

As investors prepare for quarterly business updates ahead of first-quarter earnings, the forecast for Nifty suggests a cautious optimism, with a focus on maintaining key support levels.

- Ends