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GIFT Nifty Rises 125 Points, Signaling Positive Start For Indian Markets
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News18•09-10-2026, 07:55
GIFT Nifty Rises 125 Points, Signaling Positive Start For Indian Markets
- •The GIFT Nifty traded higher by 125 points at 22,380, indicating a positive opening for Indian equities following a major sell-off in the previous session.
- •Market sentiment remains cautious due to continuous foreign portfolio investor outflows, a weakening rupee, elevated crude oil prices, and recent RBI rate hikes.
- •Wall Street closed lower overnight and Asian markets traded unevenly as global risk appetite stays fragile amid concerns over US monetary policy.
- •Sensex and Nifty plunged in the previous session to multi-month lows, driven by heavy selling across rate-sensitive, commodities, and FMCG sectors.
Key Questions Answered
The GIFT Nifty rose 125 points to trade at 22,380, signalling a positive start for the Indian stock market following the previous session's sharp sell-off.
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, which was its first increase in nearly four years and raised concerns among investors about tighter financial conditions.
The BSE Sensex tumbled 1,045.46 points to settle at a more than two-and-a-half-year low of 71,593.24, while the NSE Nifty dropped to a 21-month low of 22,231.80 due to heavy selling in rate-sensitive, commodities, and FMCG shares amid a sharp spike in crude oil prices.
