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D-St set for a cautious opening as GIFT Nifty signals muted start
Economic Times 2 hrs ago·26 Oct 2026, 12:30 am
Indian equity markets are poised for a cautious start today, with the GIFT Nifty indicating a muted opening. This comes after benchmark indices faced selling pressure last week, driven by a rise in global crude oil prices and broader market weakness. The Nifty 50 is expected to face immediate resistance around the 22,850 level, with the previous week's high acting as a key hurdle for traders.
The domestic currency is also under pressure, having fallen against the US dollar for two consecutive sessions. This weakness is largely linked to the elevated crude oil prices. However, there is some positive sentiment from foreign portfolio investors, who have been net buyers in the market recently. Domestic institutional investors have also increased their stakes, providing some support to the equities segment.
Excerpt from Economic Times
Benchmark indices experienced a decline on Friday due to high Brent crude oil prices and global market weakness. Nifty was noted to face immediate resistance at 22,850 levels, with previous week's high acting as a hurdle. The rupee fell against the dollar for the second consecutive day, impacted by rising crude…Read the original at Economic Times
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