Stories
GIFT Nifty Hints at Flat Start for Dalal Street Amid Cautious Global Cues
N
News18•12-10-2026, 07:19
GIFT Nifty Hints at Flat Start for Dalal Street Amid Cautious Global Cues
- •The GIFT Nifty traded at 22,625.5, indicating a muted beginning for Indian equities following Friday's sharp rebound driven by IT stocks.
- •Market sentiment continues to be weighed down by persistent foreign institutional investor outflows, high crude oil prices, and a weak rupee.
- •Experts note that investors are closely watching whether Friday's recovery has enough momentum to last beyond a short-term relief rally.
- •Crude oil prices hovering near $90 to $91 a barrel and currency depreciation are raising concerns over imported inflation and India's external balances.
- •Geopolitical developments in the Middle East and mixed Asian market cues are also keeping investors on edge.
Key Questions Answered
The GIFT Nifty was trading at 22,625.5, up 23 points or 0.10%, signaling a muted and flat start for the Indian stock market.
Investor sentiment is being weighed down by persistent foreign institutional investor outflows, elevated crude oil prices around $90-91 a barrel, and weakness in the rupee which was hovering near 96.73 against the US dollar.
Asian markets presented a mixed picture, with South Korea’s KOSPI falling more than 1% in early trade and Japan’s Nikkei 225 remaining closed for a holiday.
