The NIFTY 50 is likely to open with a positive bias, primarily driven by the strong premium in GIFT NIFTY, which is trading 109.1 points above the Nifty close. This positive sentiment is further supported by broad gains across US overnight markets, with the S&P 500, Nasdaq, and Dow all showing increases of 0.16% to 0.22%. Live Asian markets are also largely positive, notably the Nikkei up 1% and Kospi up 5.95%, though the Taiex shows a slight decline of 0.19%. FIIs were net buyers yesterday, adding to the positive outlook.

Reading it: the teal line is Market Compass's opening-bias call, the gold line is what overnight global markets alone are saying — above the dashed zero line leans positive, below leans negative. When the two move together India is tracking the global mood; when they diverge, India-specific cues (GIFT NIFTY, FII/DII flows) are pulling the call the other way.