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GIFT Nifty Jumps 131 Points, Signals Positive Start for Indian Markets
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News18•05-10-2026, 08:28
GIFT Nifty Jumps 131 Points, Signals Positive Start for Indian Markets
- •GIFT Nifty surged 131 points, indicating a positive opening for Indian equity markets, trading at 22,622.5.
- •Indian benchmark indices are expected to open higher, buoyed by gains in Asian markets and softer US employment data easing Fed tightening concerns.
- •Analysts anticipate a cautious recovery due to elevated US Treasury yields, persistent foreign investor selling, rupee weakness, and geopolitical tensions.
- •Crude oil prices remain a key concern, with renewed West Asia tensions potentially pushing prices higher and impacting India's import bill and inflation.
- •Foreign institutional investor selling and the upcoming RBI Monetary Policy Committee meeting are also in focus, with investors watching for guidance on inflation and interest rates.
Key Questions Answered
The GIFT Nifty was trading at 22,622.5, up 131.5 points or 0.58%, at around 8:22 am on Monday, October 5, 2026, signaling a positive opening for Indian equity markets.
The Reserve Bank of India's Monetary Policy Committee is scheduled to announce its policy decision on October 7.
Analysts note that market gains will depend on global risk sentiment, crude oil movements, FII flows, elevated US Treasury yields, rupee weakness, and expectations ahead of the RBI policy decision.
