Nvidia Results Boost Global Markets, Indian Equities Poised for Gains
The Indian equity market is expected to open on a positive note as Asian markets continue their upward trend following Nvidia's impressive quarterly results. The GIFT Nifty September 2026 futures are up 5.50 points, indicating a mildly positive opening for the Nifty 50.
Foreign portfolio investors (FPIs) have been buying shares in large quantities, with Rs 15491.48 crore invested so far in August through 26 August 2026. This follows net cash purchases of Rs 6,731.97 crore in July 2026 and a reversal from being net sellers of Rs 53,957.90 crore in June 2026.
Nvidia's quarterly revenue of $96.22 billion more than doubled from the year-ago figure, while adjusted earnings stood at $2.22 per share, ahead of market expectations. The company forecast third-quarter revenue of $108 billion, plus or minus 2%, and around 70% revenue growth for the fiscal year ending January 2028.