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GIFT Nifty Signals Flat Start for Indian Markets Amid Global Cues, Oil, West Asia Tensions
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News18•21-09-2026, 08:05
GIFT Nifty Signals Flat Start for Indian Markets Amid Global Cues, Oil, West Asia Tensions
- •Indian equity markets are expected to open flat, with GIFT Nifty indicating a muted start due to mixed global cues, elevated crude oil prices, and geopolitical tensions in West Asia.
- •GIFT Nifty was trading slightly down at 23,340.5, suggesting a largely unchanged opening for domestic equities compared to Nifty 50's previous close of 23,346.
- •Global markets showed a broadly supportive backdrop with Asian equities trading higher, and US equity futures also firm, despite ongoing concerns.
- •Crude oil prices remain a key variable, with Brent above $100 and WTI around $95, keeping energy costs elevated despite a recent easing.
- •Geopolitical risks, including US-Iran tensions and potential US tariff measures on Russian oil buyers, along with a hawkish US Federal Reserve outlook, add to market uncertainty.
Key Questions Answered
Domestic equity markets are projected to open on a flat note, with the GIFT Nifty indicating a muted start holding above 23,300 against the Nifty 50's previous close of 23,346.
Elevated crude oil prices continue to weigh on investor sentiment and keep energy costs high, with WTI trading around $95 a barrel and Brent staying above $100.
Investors are closely watching geopolitical tensions in West Asia involving the US and Iran, potential US tariff measures on Russian oil buyers, and a hawkish outlook from the US Federal Reserve.
