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GIFT Nifty Hints At Positive Start For Sensex And Nifty Amid Asian Gains
M
Moneycontrol•06-10-2026, 08:12
GIFT Nifty Hints At Positive Start For Sensex And Nifty Amid Asian Gains
- •Indian benchmark indices Sensex and Nifty are projected to open higher as GIFT Nifty signals a positive start supported by Asian market gains and softer crude oil prices.
- •On Monday, Indian equities rebounded from a four-session losing streak, with the Sensex gaining 472.77 points and the Nifty rising 133.80 points.
- •Wall Street closed higher overnight with the Nasdaq hitting a record high, driven by strong rallies in technology giants Nvidia and Microsoft.
- •Brent crude hovered around 100 dollars a barrel following a nearly 2 percent drop, eased by higher Middle East exports and planned G7 emergency stockpile releases.
- •Foreign institutional investors offloaded equities worth Rs 4,699 crore, while domestic institutional investors purchased equities worth over Rs 5,181 crore.
Key Questions Answered
GIFT Nifty was trading at 22,630 around 8 am, showing an increase of 54 points or 0.25 percent to signal a positive start for domestic equities.
Foreign institutional investors (FIIs) offloaded equities worth Rs 4,699 crore on October 5, while domestic institutional investors (DIIs) purchased equities worth over Rs 5,181 crore.
Ponmudi R identifies 22,600 as the immediate resistance for the Nifty, with a potential breakout toward 22,800-23,000, while immediate support rests at 22,400 followed by 22,200.
