According to data from October 26, 2026, the GIFT Nifty indicated a possible negative opening for the Nifty 50 index, reflecting weakness in Asian and American markets. Oil prices fell by more than one percent but remained elevated, reaching the $115 per barrel mark. Meanwhile, GIFT Nifty was recorded at 22,601.5, showing a decline of 6.5 points.
Asian markets traded predominantly in a downtrend as oil prices remained high amid tensions in West Asia. Japan's Nikkei 225 and South Korea's Kospi indices showed declines of 0.34% and 1.25%, respectively. Overnight, the Dow Jones and S&P 500 closed lower by 1.23% and 0.52%, while the Nasdaq Composite finished the session 0.21% lower.
Crude oil prices slightly decreased but maintained the $115 per barrel level. It is worth noting that Brent crude reached a six-month high last week before falling by 1.39% to $115.1 on Monday. Meanwhile, WTI crude traded 1.76% lower, at $101.5. Gold futures fell by 0.30%, and silver futures showed a drop of 0.39%.
Second Quarter Company Earnings
On the day of publication, earnings reports are scheduled for several companies, including Mankind Pharma, REC, Paytm, Tata Consumer Products, Ather Energy, and ITC Hotels. Additionally, the Initial Public Offering (IPO) of EAAA India Alternatives has begun, which will open for applications on October 26 and close on October 28. This company plans to raise 1,200 crore rupees from the primary market.