Neutral impactStocks
GIFT NIFTY futures hint at muted opening for Indian markets; Crude oil tops $108 per barrel
Dailyhunt 1 hr ago·19 Oct 2026, 3:26 am
Indian markets are set for a cautious start, with GIFT NIFTY futures indicating a muted opening. This suggests investors are waiting for fresh cues before making fresh moves. The broader sentiment remains cautious, likely influenced by global factors.
A key driver of this caution is the rise in crude oil prices, which have crossed the $108 per barrel mark. Higher oil prices are a concern for India, a major oil importer. This can increase the cost of fuel and logistics, potentially squeezing corporate profits and consumer spending. Investors should watch for domestic inflation data and global oil trends closely.
Excerpt from Dailyhunt
T he Indian equity benchmarks are set to open on a flat mote as indicated by NIFTY futures traded at GIFT City in Gandhinagar. GIFT NIFTY futures advanced 10 points to 23,129 amid weak cues from global markets as sentiment was shaken after crude oil surged in global markets. The benchmarks surged for a second straight…Read the original at Dailyhunt
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