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GIFT Nifty Jumps 100 Points to Signal Positive Start for Indian Indices Amid Global Risks
M
Moneycontrol•09-10-2026, 08:30
GIFT Nifty Jumps 100 Points to Signal Positive Start for Indian Indices Amid Global Risks
- •GIFT Nifty rose 111 points to 22,366, indicating a positive opening for Sensex and Nifty following a sharp selloff that dragged the Nifty to a 2026 low.
- •Asian markets declined and Wall Street slipped as surging crude oil prices, rising bond yields, and inflation concerns dampened investor risk appetite.
- •Foreign institutional investors extended their selling streak, offloading equities worth Rs 12,943.58 crore in the previous session.
- •Brent crude hovered near 104 dollars a barrel following a 4 percent surge driven by escalating Middle East tensions and supply disruption fears.
- •The Reserve Bank of India recently raised the repo rate by 25 basis points to 5.50 percent, adding to domestic financial pressures alongside a weak rupee.
Key Questions Answered
Indian equities suffered heavy losses as foreign institutional investors sold equities worth Rs 12,943.58 crore, driving the Sensex down 1,072 points to 71,566 and the Nifty down 371 points to 22,232.
The RBI raised its repo rate by 25 basis points to 5.50 percent, marking its first hike in nearly four years and raising concerns over tighter domestic financial conditions.
Persistent foreign portfolio investor selling across ten consecutive sessions, ongoing currency pressure on the rupee near Rs 96.80 against the US dollar, and elevated crude oil prices continue to weigh on market sentiment.
