According to data for Tuesday, September 29, 2026, the GIFT Nifty indicator signaled a possible negative opening and moderate decline for Nifty50. This occurred against the backdrop of continued rising oil prices, which intensifies concerns regarding inflation forecasts. GIFT Nifty futures were recorded at 22,834.50 points, indicating a drop of 10 points.
Asian-Pacific markets showed declines as high oil prices put pressure on global bond markets. This was linked to growing assumptions that the US Federal Reserve would keep rates high for an extended period. Japan's Nikkei 225 index and Hong Kong's Hang Seng index fell by 0.89% and 0.45%, respectively.
During the previous night, the Dow Jones and S&P 500 indices closed lower by 0.67% and 0.77%, respectively. The Nasdaq composite index also fell by 0.92%. The yield on the benchmark 10-year US Treasury bond reached 5.24%, the highest level since 2007.
Brent crude oil prices rose sharply as hopes for a ceasefire between the US and Iran faded. September futures on the Intercontinental Exchange traded at $106.93 per barrel, an increase of 1.57%. Meanwhile, gold and silver futures traded down by 0.04% and 0.97%, respectively, as expectations of further rate hikes reduced the appeal of these metals.
IPO Information
Tuesday marked the start of subscriptions for Initial Public Offerings (IPOs) of companies such as EverestIMS Technologies, Vans Electroengineerings, Papadmalji Agro Foods, and Black Opal Consultants. Additionally, the IPOs of SRIT India and Shah Investor's Home entered the second day of subscription. In the SME segment, Acme Universal Safezone 9, Shivchem Agro, and Pind Hospitality entered the second day of IPO. On the final day of subscription are the IPOs of Snapdeal, Orient Cables, German Green Steel, and Runwal Enterprises. Also in the final stage of subscription are the IPOs of Bench Mark, Shree TNB Polymers, Dudani Retail, Himalayan Solar, and Sai Urja Indo.
Asia Market Overview
Asian-Pacific markets declined due to high oil prices, which negatively impacted global bond markets. This was caused by increasing bets that the US Federal Reserve would maintain a high interest rate for a long period. During Asian trading, US stock futures also showed declines as high oil prices forced traders to anticipate further rate hikes by the US Federal Reserve. Overnight, the Dow Jones and S&P 500 closed lower by 0.67% and 0.77%, respectively, and the Nasdaq Composite fell by 0.92%.