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Global Cues Signal Gap-Up Opening for Indian Markets Today
M
Moneycontrol•05-10-2026, 07:05
Global Cues Signal Gap-Up Opening for Indian Markets Today
- •Indian benchmark indices are poised for a gap-up opening on October 5, tracking GIFT Nifty's strong performance around 22,610.50 in early trade.
- •Despite a four-session losing streak, including a 3% fall in Nifty last week, the market saw a sharp recovery from intraday lows on October 1, driven by IT stocks.
- •Global markets show positive momentum: Asian stocks rose on softer US jobs data, US equities advanced, and the dollar index remained flat.
- •US bond yields dipped, Asian currencies mostly strengthened against the US dollar, and crude oil prices climbed due to Middle East tensions.
- •Gold edged up as traders weighed the impact of a slowdown in the US jobs market, while FIIs continued selling, offset by DII buying.
Key Questions Answered
Indian benchmark indices ended lower as a depreciating rupee, elevated US Treasury yields, higher crude prices, and sustained foreign institutional investor (FII) selling weighed heavily on market sentiment.
Foreign institutional investors (FIIs) offloaded equities worth Rs 9,484 crore on October 1, extending their selling streak to six consecutive sessions with a combined total exceeding Rs 43,000 crore.
Crude oil prices rose after Yemen's Iran-backed Houthis stated they launched ballistic missiles and drones at Saudi Aramco sites, with Brent crude futures climbing 0.79 percent to $103.06 a barrel.
