The GIFT Nifty, a potential indicator of how India’s equity benchmarks, Sensex and Nifty are likely to start in today’s trading session, is up over 450 points, indicating a gap-up start to trade.

It must be noted that the Indian equities will be reacting to two days of cues today as they were shut on account of a holiday on Thursday.

US equities saw a sharp one-way move on Wednesday after US President Donald Trump announced a 90-day pause on reciprocal tariffs on as many as 75 countries, which also potentially includes India. The Dow Jones surged over 3,000 points in a single-session, which was its biggest single-day advance since 2008.

However, the US benchmarks saw a sharp sell-off on Thursday, giving up one-third of the gains seen on Wednesday, with the Dow Jones ending over 1,000 points lower. Therefore, the GIFT Nifty, which on Thursday morning, was pointing to a gap-up of as much as 1,000 points, is now suggesting an implied open of 400 points.