{"id":2445,"date":"2026-10-05T08:32:31","date_gmt":"2026-10-05T08:32:31","guid":{"rendered":"https:\/\/newsraise.com\/in\/2026\/10\/05\/indian-equities-cautious-rise-gift-nifty-signals-recovery\/"},"modified":"2026-10-05T08:32:31","modified_gmt":"2026-10-05T08:32:31","slug":"indian-equities-cautious-rise-gift-nifty-signals-recovery","status":"publish","type":"post","link":"https:\/\/newsraise.com\/in\/2026\/10\/05\/indian-equities-cautious-rise-gift-nifty-signals-recovery\/","title":{"rendered":"Indian equities poised for cautious rise as GIFT Nifty signals recovery"},"content":{"rendered":"\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"9fece8afa224fd09e54b043d0febfb58\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- NR ATF -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-8898941184964366\"\r\n     data-ad-slot=\"4839033563\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p>Indian equity markets are expected to start Monday, 5 October 2026, on a modestly positive note after GIFT Nifty futures moved above the 22,600 mark, outpacing the Nifty 50\u2019s prior close of 22,422. The upward tick, roughly 50 points higher than the previous close, suggests an early attempt at recovery despite a backdrop of sustained weakness.<\/p>\n<h2>Indian market outlook<\/h2>\n<p>Enrich Money\u2019s chief executive, Ponmudi R, highlighted that softer\u2011than\u2011expected U.S. employment data has eased immediate worries about further Federal Reserve tightening at its upcoming October meeting, providing a modest boost to global risk appetite. Nevertheless, he cautioned that elevated Treasury yields, ongoing foreign institutional selling, and renewed geopolitical tensions could cap upside potential and keep market participants guarded throughout the session.<\/p>\n<p>The broader Indian market has been on a downward trajectory for eight straight weeks, marking the longest weekly losing streak in a quarter\u2011century. Over the week, the benchmark Sensex slipped 1,670.84 points to close at 71,909.70, a decline of 0.79% on the final day and 1.52% on Monday alone. The Nifty 50 fell more than 3% to settle at 22,421.95. Ponmudi R attributed the persistent pressure to a mix of foreign selling, high crude\u2011oil prices, a weaker rupee, and rising global bond yields, all of which have weighed on investor sentiment.<\/p>\n<p>During Monday\u2019s session, the Sensex briefly dropped below its April 2025 swing low of 71,425.01 before recovering to end the day above that level. The index\u2019s final reading of 71,909.70 reflected a loss of 570.59 points, or 0.79%, underscoring the continued vulnerability of Indian equities.<\/p>\n<h2>Technical indicators and support levels<\/h2>\n<p>Technical analysts offered a detailed view of the market\u2019s condition. Sachin Gupta, vice\u2011president of Technical Research at Choice Equity Broking, noted that the Sensex remains under both its 50\u2011day and 200\u2011day exponential moving averages, positioned at 75,544.56 and 77,684.60 respectively. The Relative Strength Index (RSI) has slipped to 24.55, indicating that the index is deeply oversold. Gupta identified the 71,000\u201371,200 range as a critical support zone, while resistance appears clustered between 72,300 and 72,500.<\/p>\n<p>On the Nifty side, Ajit Mishra, senior vice\u2011president of Research at Religare Broking, observed that the index has undergone a sharp correction after eight weeks of decline. The Nifty tested a long\u2011term support band formed by the 200\u2011week simple moving average and the 200\u2011week exponential moving average, both hovering around the 22,400\u201322,600 region \u2013 a zone not seen in nearly six years. The index also approached its prior major swing low of 22,182.55 before closing at 22,421.95.<\/p>\n<p>Mishra argued that, despite the prevailing bearish trend, the combination of strong technical support and oversold conditions could spark a short\u2011term bounce. He recommended a hedged approach, targeting an initial upside move to 22,800, followed by a secondary target range of 23,100\u201323,200. However, a decisive breach of the April low could invalidate the rebound outlook and drive the Nifty toward a 21,700\u201322,000 corridor. He stressed the importance of strict stop\u2011losses and disciplined risk management in the current environment.<\/p>\n<h2>Global market backdrop<\/h2>\n<p>International cues offered mixed signals on the same day. Asian markets traded higher on Monday, while U.S. stock futures remained largely unchanged on Sunday evening as investors kept an eye on elevated Treasury yields and awaited the Federal Reserve\u2019s meeting minutes for clues on future rate moves.<\/p>\n<p>In the United States, major indices posted gains on Friday. The Dow Jones Industrial Average rose 250 points, or 0.5%, to finish at 51,176.46. The S&#038;P 500 climbed 0.7% to close at 7,722.72, and the Nasdaq Composite advanced 1.2% to settle at 27,190.86 after touching a record high during the session.<\/p>\n<p>Japan\u2019s Nikkei 225 jumped around 2%, led by technology stocks, while the broader Topix index increased by 0.79%. South Korea\u2019s market was closed on Monday in observance of a national holiday; the Kospi had ended the preceding week down 1.1% to 7,003.74 after a mixed performance. Taiwan\u2019s TAIEX rose 2.29% in early trading on Monday, adding a positive note to the regional picture.<\/p>\n<p>Overall, the Indian market\u2019s tentative green opening is set against a backdrop of sustained domestic weakness and cautious global sentiment. Analysts underscore that while technical factors provide pockets of support, the prevailing macro\u2011economic environment \u2013 characterized by high yields, foreign outflows, and geopolitical uncertainty \u2013 may limit the breadth of any short\u2011term rally.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":4,"featured_media":2446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[299],"tags":[2684,1365,1687,1686,1722],"class_list":["post-2445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-global-cues","tag-indian-stock-market","tag-nifty","tag-sensex","tag-technical-analysis","entry"],"_links":{"self":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/comments?post=2445"}],"version-history":[{"count":0,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media\/2446"}],"wp:attachment":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media?parent=2445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/categories?post=2445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/tags?post=2445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}