GIFT Nifty falls by 150 points amid oil prices rising above $115; Jio Platforms listing expected

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.

The trading session on the stock market started splendidly on Wednesday. The Sensex and Nifty indices opened in the green zone and then demonstrated rapid growth. The BSE Sensex index, comprising 30 stocks, jumped by more than 800 points just minutes after opening, while the NSE Nifty also followed suit, rising by approximately 200 points.

This strong growth occurred against the backdrop of the upcoming launch of the country's largest IPO. Jio Platforms, owned by Mukesh Ambani, is preparing for an IPO placement worth over 30,200 crore rupees, which supported the overall market rise, causing a surge in the shares of both Reliance and Jio Financial Services.

At the opening of trading, the BSE Sensex started with a strong jump, reaching 74,337.93 compared to the previous closing level of 73,852.90. Its movement then accelerated, and it traded at 74,668, achieving a gain of over 800 points.

As for the NSE Nifty, its dynamics were similar to the Sensex. This index of 50 stocks opened above 23,000, compared to the previous closing level of 22,888.95, and, following the Sensex, rose by approximately 224 points, trading at 23,120.90.

The shares of Reliance Industries, owned by Mukesh Ambani, played a significant role in supporting this vigorous market growth. Since the Jio Platforms IPO opens to retail investors on Wednesday, Reliance shares have been showing impressive growth even before that. At the time of writing, Reliance shares were trading at 1234 rupees, showing a growth of 2.30 percent. Additionally, Jio Financial Services shares were trading at 216.30 rupees, increasing by more than 1 percent.

According to data from Friday, October 16, 2026, the GIFT Nifty indicator signaled a potential rise in the Nifty50 index at the market open. Asian markets showed a recovery at the start of the trading session.

GIFT Nifty futures indicators were valued at 23,082 points, which is 96 points higher, as oil prices continued to fall and Asian stocks rose. Investors actively bought chip stocks at attractive prices after several days of decline caused by concerns over artificial intelligence trading.

Asia-Pacific markets traded at elevated levels: Japan's Nikkei 225 index rose by 1.8%, and South Korea's KOSPI index increased by 2.72%. Meanwhile, the Dow Jones Industrial Average and S&P 500 closed the previous day with gains of 1.08% and 0.33% respectively, while the Nasdaq Composite finished the day up 0.08%.

Brent crude prices continue to fall

Brent crude continued to lose value in the Asian session as investors assessed the probability of the US easing restrictions on the shadow fleet. December futures were quoted at $105.59 per US dollar, representing a decrease of 0.32% on the Intercontinental Exchange.

Gold and silver futures traded at growth levels: gold up 0.09%, and silver up 0.38%.

Resumption of growth in Asian markets

Asia-Pacific markets demonstrated growth as investors rushed to purchase chip stocks at favorable prices after a period of decline linked to concerns about AI deals. Specifically, Japan's Nikkei 225 rose by 1.8%, and South Korea's KOSPI rose by 2.72%.

Rise in US futures

US stock futures traded higher on Friday morning due to the recovery of technology stocks in the Asian session. Dow Jones and S&P 500 futures advanced by 0.14% and 0.08% respectively. Previously, the Dow Jones Industrial Average and S&P 500 closed with gains of 1.08% and 0.33%, and the Nasdaq Composite showed a rise of 0.08%.

Additionally, on the primary market, the second day of subscription for IPOs of Tonbo Imaging India, Zetwerk, Bonfiglioli Transmissions, Sahajanand Medical Technologies, and Shellz India will resume. The final subscription day will also feature the IPOs of Fusion CX and Ravita Engineering Services.