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Sensex And Nifty Set To Open Higher As GIFT Nifty Gains Nearly 100 Points
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News18•16-10-2026, 07:47
Sensex And Nifty Set To Open Higher As GIFT Nifty Gains Nearly 100 Points
- •Indian equity benchmarks Sensex and Nifty are expected to open higher on Friday, tracking positive global cues and a strong overnight rally on Wall Street.
- •GIFT Nifty was trading up by 97.5 points at 23,085.5, indicating a firm start for the domestic markets.
- •Market sentiment is bolstered by strength across Asian markets, a pullback in US Treasury yields, and a strong rebound on Dalal Street in the previous session.
- •Crude oil prices, geopolitical developments in West Asia, and foreign institutional investor flows remain key factors to watch for market sustainability.
Key Questions Answered
Indian equity benchmarks are expected to open higher due to positive global cues, including a strong rebound on Wall Street, gains across Asian markets like the Nikkei 225 and Kospi, and a pullback in US Treasury yields.
On Thursday, the BSE Sensex jumped 1,533.72 points to settle at 74,315.61, while the NSE Nifty gained 374.65 points to close at 22,997.35, marking their highest levels in three weeks.
Market sustainability will depend on crude oil prices trading around $94–95 per barrel, geopolitical tensions in West Asia, foreign institutional investor flows, global bond yields, and semiconductor stock developments.
