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Trade Setup for Today: GIFT Nifty Flat as Wall Street Tech Rally Contrasts with FII Selling as of October 6, 2026
scanx.trade 2 hrs ago·6 Oct 2026, 2:37 am
The GIFT Nifty index is expected to trade sideways today, with little movement in the broader Indian market. This comes as U.S. technology stocks continue to climb, driven by strong earnings and optimism around AI, while foreign institutional investors (FIIs) have been net sellers of Indian equities over the past few sessions.
Investors watch the contrast because a flat domestic market despite global tech strength may signal that local sentiment is being weighed down by capital outflows. FII selling can pressure stock prices and affect liquidity, especially in large‑cap and export‑oriented stocks.
Traders should keep an eye on upcoming macro data such as the RBI’s policy meeting and any fresh foreign fund flow reports. A shift in FII activity or a spill‑over from the U.S. tech rally could move the GIFT Nifty in either direction later in the day.
Excerpt from scanx.trade
GIFT Nifty indicates a flat opening at 22,641 (-0.07%). FIIs sold net ₹4,699 crore while DIIs bought net ₹5,182 crore on Oct 5. Nifty 50 closed at 22,555.75 (+0.60%) and Sensex at 72,382.47 (+0.66%) yesterday. Crude oil holds steady near $89.73; USD/INR unchanged at 96.30. Key actions: Veranda merger and BLS split…Read the original at scanx.trade
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