Indian Markets Brace for Cautious Start Amid Global Uncertainties

Indian equity markets are expected to open cautiously on October 7, 2026, as indicated by the GIFT Nifty, which is trading 32 points lower at around 22,750. Investors are likely to monitor Asian markets, crude oil prices, US Treasury yields, and foreign and domestic institutional flows for further direction.

On October 6, the Sensex closed at 73,067.81, up 685.34 points (0.95%), while the Nifty ended at 22,776.10, gaining 220.35 points (0.98%). The Nifty also saw an additional 58-point rise during the closing auction session.

Globally, Asian markets were mixed, with Japan’s Nikkei 225 flat, South Korea’s Kospi down 0.57%, and Australia’s S&P/ASX 200 declining 0.13%. Crude oil prices rose, with Brent crude up 1.20% to $101.79 a barrel and US crude gaining 1.22% to $90.53 a barrel. US Treasury yields remained high, with the 10-year yield at 5.28% and the 30-year yield at 5.66%.

US stock futures edged higher, with the Dow up 0.07%, S&P 500 futures gaining 0.09%, and Nasdaq-100 futures rising 0.08%. The US Dollar Index (DXY) was trading at 101.97, while the Indian rupee closed at 96.42 against the US dollar on October 6. Gold and silver prices saw slight declines, with COMEX gold down 0.08% to $4,180.80 and COMEX silver down 0.04% to $64.35.

Foreign investors sold Rs 2,961.30 crore in Indian equities, while domestic institutions bought Rs 5,088.92 crore. Key sectors like Retail, Plastics, and Sugar saw gains, while groups like Nagarjuna and Apollo Hospital experienced declines.