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GIFT Nifty Signals Weak Opening For Sensex And Nifty Amid Rising Oil And US Inflation Concerns
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Moneycontrol•14-10-2026, 08:25
GIFT Nifty Signals Weak Opening For Sensex And Nifty Amid Rising Oil And US Inflation Concerns
- •Indian benchmark indices Sensex and Nifty are poised for a weak start following a sharp 1,100-point rally in the previous session.
- •GIFT Nifty was trading down by 90 points at 22,761, indicating cautious sentiment driven by rising crude oil prices and persistent FII selling.
- •Foreign Institutional Investors sold equities worth Rs 1,300 crore for a 13th consecutive session, while domestic institutions offset this with heavy buying.
- •Asian markets rebounded ahead of critical US inflation data, while Wall Street ended slightly lower due to extended losses in semiconductor stocks.
- •Brent crude climbed towards 107 dollars a barrel amid escalating Middle East tensions, posing a significant risk to market recovery.
Key Questions Answered
Indian equities staged a strong recovery led by IT stocks, with gains accelerating after Finance Minister Nirmala Sitharaman made positive comments regarding the long-term capital gains tax and securities transaction tax.
Foreign institutional investors sold equities worth around Rs 1,300 crore for a 13th consecutive session, whereas domestic institutions bought shares exceeding Rs 2,439 crore.
Brent crude climbed towards $107 a barrel due to renewed missile and drone attacks by Yemen's Houthis on Saudi Arabia, intensifying supply concerns amid the Middle East conflict. Experts note that these rising energy prices remain a significant risk for the broader market recovery.
