Will Nifty hit a new all-time high above 22,500, or consolidate- See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here is all you need to know before the market opens.

GIFT Nifty traded up by 64 points or 0.28% at 22,655 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended up by 117.75 points or 0.53% to settle at 22,474.05, while the BSE Sensex gained 408.86 points or 0.55% to 74,085.99.

“Markets traded volatile for yet another session but ended with decent gains. The tone was negative in the first half, tracking weak global cues, however resilience in banking combined with sharp recovery in the IT and FMCG majors completely changed the mood as the day progressed. Eve…