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GIFT Nifty Signals Flat Start for Indian Markets as Crude Oil Prices Ease
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News18•30-09-2026, 08:10
GIFT Nifty Signals Flat Start for Indian Markets as Crude Oil Prices Ease
- •Indian stock markets are expected to open flat, tracking Asian equities and a sharp correction in crude oil prices.
- •GIFT Nifty was trading marginally down at 22,819.5, indicating a largely flat start for the Nifty 50.
- •WTI crude slipped to $89-$90/barrel and Brent crude retreated to $95-$96, easing concerns over India’s import bill and inflation.
- •Easing crude prices are expected to provide relief to domestic equities after recent selling pressure.
- •Uncertainty from the US-Iran conflict and persistent foreign investor selling remain key risks for Indian markets.
Key Questions Answered
The GIFT Nifty pointed to a flat start for Indian equities, trading down 10.5 points at 22,819.5 as of 7:58 am on Wednesday, September 30, 2026.
WTI crude slipped into the $89-$90 range and Brent crude retreated toward $95-$96 per barrel, helping ease pressures on India's import bill, inflation, and macroeconomic stability.
In the previous session, the Nifty closed down 64.05 points at 22,716.20, while the BSE Sensex ended 242.65 points lower at 72,529.07.
