GIFT Nifty Dips on Asian Market Weakness Amid Wall Street Gains

Global markets are showing a mixed performance on October 7, 2026. The GIFT Nifty opened lower at 22,670, down 0.57%, indicating a gap-down start for Indian equities. This follows a stronger close on Wall Street, where the NASDAQ hit a new 52-week high with a 0.45% gain. The Dow Jones and S&P 500 also saw modest advances, supported by tech sector strength.

Asian markets, however, are trading in the red. The Nikkei 225 fell 0.84%, while the Hang Seng Index dropped 0.74%. This regional weakness contrasts with the previous day's gains in Indian markets, where the Nifty 50 rose 0.98%. Investors are weighing the positive US cues against the Asian declines, creating a cautious tone.

Commodities are seeing mixed movements. WTI Crude oil rose 0.96% to $90.30, while gold dipped 0.40% to $4,170.50. The Indian Rupee remains stable against the US Dollar at 96.36. Foreign Institutional Investors (FIIs) continued their selling streak, offloading ₹2,961.30 crore, while Domestic Institutional Investors (DIIs) bought ₹5,088.92 crore.

Several corporate actions are scheduled for the day, including bonus issues and dividend ex-dates, which may lead to volatility in specific stocks. The divergence between US tech strength and Asian market weakness could influence foreign investor sentiment towards Indian equities in the coming week.