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GIFT Nifty Signals Flat Open As Weak Global Cues And Wall Street Sell-Off Weigh On Markets
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News18•15-10-2026, 08:12
GIFT Nifty Signals Flat Open As Weak Global Cues And Wall Street Sell-Off Weigh On Markets
- •The Indian stock market is expected to open on a flat note following a sharp overnight sell-off on Wall Street and weak Asian cues.
- •GIFT Nifty was trading marginally down at 22,620, indicating a subdued start for domestic benchmark indices.
- •Investor sentiment is impacted by hotter-than-expected US inflation data and concerns over prolonged high interest rates.
- •Asian markets experienced significant drops, with Japan's Nikkei 225 falling over 3% and South Korea's KOSPI declining more than 6%.
- •Elevated crude oil prices driven by geopolitical tensions and maritime security concerns could add to India's import bill and inflation.
Key Questions Answered
Investor sentiment deteriorated following hotter-than-expected US inflation data for September, where consumer prices rose 3.7% year-on-year compared to 3.4% in August.
Asian markets mirrored the global weakness, with Japan’s Nikkei 225 falling over 3% and South Korea’s KOSPI dropping more than 6% in early trade due to continued selling in semiconductor stocks.
Crude oil prices remain elevated due to renewed Houthi attacks on Saudi Arabia and reports of cargo ships sinking near the Strait of Hormuz, heightening risks of disruptions to global oil supplies.
