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Gift Nifty Today: Sensex, Nifty Likely To Open Flat As Crude Oil Tops $115
News18 55 min ago·26 Oct 2026, 3:03 am
Gift Nifty, the Indian derivative based on the Nifty 50 index, is trading flat this morning. This signals that the domestic equity market is likely to open with little change. The primary reason for this cautious start is the global rise in crude oil prices, which have climbed above $115 per barrel. Higher oil costs are a major concern for India, a net importer of energy, as they increase the cost of fuel and transportation for businesses and consumers.
For investors, this development is significant because rising oil prices can squeeze corporate profit margins and stoke inflation. A weaker rupee, often triggered by such global trends, adds to the pressure on import-dependent companies. Traders will be closely watching the global crude price trend and the domestic currency for further direction. If oil prices continue to climb, it could lead to volatility in the broader market, particularly affecting sectors like oil marketing companies and automobiles.
Excerpt from News18
Gift Nifty trades at 22,614, up 6 points or 0.03%, at around 8:20 am, indicating a largely flat start for domestic benchmarks. Gift Nifty Today, October 26: Indian equity markets are likely to open on a cautious note on Monday, October 26, as persistent geopolitical tensions, elevated crude oil prices and uncertainty…Read the original at News18
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