GIFT Nifty futures pointed to a positive open for Indian markets on Oct. 5, but eight weeks of consecutive declines and weak global cues keep investors cautious.
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On Oct. 1, 2026, India's Sensex fell for the fourth straight session while the Nifty50 posted its eighth weekly loss, driven by high energy prices and volatile bond yields.
The Nifty50 closed at 23,140.5 on Sept. 25, marking a seven‑week fall of 5.8% and raising the prospect of an unprecedented eighth weekly decline.
India's Nifty index entered the October futures series amid a series of bearish indicators, including its worst September expiry in 25 years and record foreign investor selling.
The BSE Sensex rose 315 points to end at 73,896 while the NSE Nifty 50 closed at 23,140, with realty and auto shares leading gains amid a mixed sectoral landscape.
The Nifty has slipped below key moving averages, with RSI below neutral and MACD in a bearish crossover, leaving the index squeezed between 23,500 resistance and a 23,000‑23,100 support zone.
India's Sensex and Nifty 50 are expected to open higher on Sept. 15, but analysts warn that elevated oil prices and regional tensions could keep sentiment cautious.
Analysts anticipate a green opening for the Sense and Nifty on 4 September, citing global cues and a premium in the Gift Nifty, while warning of sideways to bearish momentum.
Analysts highlight chart patterns and price targets for CDSL, Gravita India, BEML and Elgi Equipments as the Nifty Smallcap 250 index rallies toward 24,500.