{"id":2875,"date":"2026-10-23T08:32:48","date_gmt":"2026-10-23T08:32:48","guid":{"rendered":"https:\/\/newsraise.com\/in\/2026\/10\/23\/indian-stocks-open-green-gift-nifty-prediction\/"},"modified":"2026-10-23T08:32:48","modified_gmt":"2026-10-23T08:32:48","slug":"indian-stocks-open-green-gift-nifty-prediction","status":"publish","type":"post","link":"https:\/\/newsraise.com\/in\/2026\/10\/23\/indian-stocks-open-green-gift-nifty-prediction\/","title":{"rendered":"Indian markets poised for green open as Gift Nifty points to rise"},"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>Analysts anticipate that Indian equity markets will begin Friday, 23\u202fOctober 2026, on a positive note, driven by a Gift Nifty level around 22,840. The pre\u2011market indicator, up roughly 165 points from its previous close, suggests a modestly bullish opening for the country\u2019s benchmark indices.<\/p>\n<h2>Domestic market outlook<\/h2>\n<p>Despite the hopeful start, recent sessions have been challenging for India\u2019s major indices. The BSE Sensex slipped 460.30 points, a 0.62\u202f% decline, to finish at 73,249.39, after touching an intraday low of 73,005.11. The NSE Nifty 50 fell 123.70 points, or 0.54\u202f%, closing at 22,687.65, with a trough of 22,554.85 during the day.<\/p>\n<p>Hariselvan Radhakrishnan, founder and chief executive of HST Wealth, warned that while the opening could be marginally higher, \u201csustaining the opening gains could prove difficult.\u201d He linked the broader weakness to a sharp sell\u2011off in artificial\u2011intelligence and technology stocks on Wall Street, which spilled over into Asian markets, and to a renewed surge in crude oil prices that heightens concerns over the economic impact of ongoing geopolitical disruptions.<\/p>\n<p>Religare Broking\u2019s senior vice\u2011president of research, Ajit Mishra, described Thursday\u2019s market behavior as \u201cunder pressure,\u201d noting that elevated crude prices and heightened geopolitical tensions continued to erode sentiment. He observed that after an opening dip, the indices experienced volatile trading, with only intermittent buying from lower levels providing limited relief.<\/p>\n<p>Technical analysts offered a cautious view of the near\u2011term trajectory. Sachin Gupta, vice\u2011president of technical research at Choice Equity Broking, said the Sensex is likely to remain in a sideways range with a \u201ccautious undertone.\u201d He emphasized that holding above the 73,000 mark is essential for short\u2011term stability, while a decisive break below the 72,600\u201172,900 support zone could trigger further weakness. Conversely, a move above the 73,700\u201174,000 resistance area would be needed to revive sentiment.<\/p>\n<p>On the Nifty side, Vatsal Bhuva of LKP Securities highlighted that the index managed to stay above its 200\u2011day moving average after the cash\u2011settlement (CAS) session, yet the overall price structure remains fragile. He warned that strong selling near the 20\u2011day moving average could undermine the rally, recommending that long positions be reviewed if the index closes below 22,600 and its 200\u2011WMA. Immediate resistance sits at 22,800 and 23,000, while 22,600 serves as a key support level.<\/p>\n<h2>Global cues and commodity backdrop<\/h2>\n<p>Across the Pacific, Asian equity markets opened lower on Friday. South Korea\u2019s KOSPI fell 2.36\u202f% at the open, later extending to a 3.27\u202f% decline, ending the session at 5,352.61 points. Japan\u2019s Nikkei 225 opened at 62,667.05 and slipped further to around 61,830, a loss of 1.68\u202f%. Taiwan\u2019s Taiex also opened in the red, dropping more than 2\u202f% to 46,041.43.<\/p>\n<p>In the United States, technology\u2011heavy indices recorded their steepest single\u2011day losses in months on Thursday, 22\u202fOctober, after disappointing earnings reports from Meta Platforms and Tesla, coupled with concerns about rising AI\u2011related spending and higher crude oil prices. The Dow Jones Industrial Average edged up marginally, gaining 11.89 points (0.02\u202f%) to close at 52,867.98. The S&#038;P\u202f500 fell 93.74 points, a 1.21\u202f% decline, to 7,663.43. The Nasdaq Composite and Nasdaq\u202f100 suffered the most, plunging 2.6\u202f% and 2.9\u202f% respectively, marking their steepest drops since June.<\/p>\n<p>Crude oil prices have been on an upward trajectory, a factor that analysts across regions cite as a drag on risk\u2011on sentiment. The rise in oil prices is linked to escalating tensions in West Asia, which have also weighed on investor confidence in emerging markets, including India.<\/p>\n<h2>Implications for traders and investors<\/h2>\n<p>Given the mixed signals, market participants are advised to adopt a level\u2011based trading approach. Both Gupta and Bhuva stress the importance of monitoring key support and resistance zones rather than chasing broad market moves. For the Sensex, the 73,000 threshold and the 72,600\u201172,900 support band are pivotal, while for the Nifty, the 22,800 resistance and 22,600 support levels will likely dictate short\u2011term price action.<\/p>\n<p>Overall, the Indian market appears set for a tentative green opening, but the backdrop of higher crude prices, persistent geopolitical risk, and a global tech sell\u2011off suggests that any gains may be short\u2011lived unless decisive breaks above the identified technical thresholds occur.<\/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>Indian equities are expected to start Friday higher, with Gift Nifty near 22,840, while global cues remain mixed amid tech sell\u2011offs and rising crude prices.<\/p>\n","protected":false},"author":4,"featured_media":2876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[299],"tags":[2034,2707,1365,1687,1686],"class_list":["post-2875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crude-oil","tag-global-markets","tag-indian-stock-market","tag-nifty","tag-sensex","entry"],"_links":{"self":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2875","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=2875"}],"version-history":[{"count":0,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media\/2876"}],"wp:attachment":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media?parent=2875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/categories?post=2875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/tags?post=2875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}