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Indian Markets Face Weak Start as GIFT Nifty Drops; Crude Oil, US Yields in Focus
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News18•01-10-2026, 07:43
Indian Markets Face Weak Start as GIFT Nifty Drops; Crude Oil, US Yields in Focus
- •Indian stock markets are set for a cautious opening with GIFT Nifty down 73 points, signaling a potentially weak start for domestic indices.
- •Investors will monitor global cues, crude oil prices, US bond yields, and Middle East tensions, contributing to a mixed external environment.
- •Indian equities are expected to remain choppy as investors balance softer US inflation data against elevated Treasury yields and volatile crude oil prices.
- •Benchmark indices Sensex and Nifty closed lower for the third consecutive session, dragged by selling in metal and pharma shares.
- •Crude oil prices have moderated but remain elevated and sensitive to developments around the Strait of Hormuz, while US inflation data offers some relief.
Key Questions Answered
Indian markets were set for a weak opening as the GIFT Nifty fell 73 points to 22,586.5, pressured by global cues, crude oil prices, US bond yields, and Middle East tensions.
August headline PCE inflation rose 3.4% year-on-year, coming in below the 3.7% market expectation, while core PCE inflation stood at 3% and offered some relief to global markets.
WTI crude traded around $90 a barrel and Brent near $98, remaining sensitive to developments around the Strait of Hormuz where a proposed US-Iran trust-building plan faced unresolved sequencing differences.
