GIFT Nifty rises by over 100 points; Asian markets show mixed dynamics; Brent Crude price falls by 2%

According to data for Monday, November 2, 2026, the GIFT Nifty index signaled a possible opening of the Nifty50 index with a decline, despite the fall in global technology stocks. Futures traded at 23,282 points, corresponding to a rise of 196 points or 0.86 percent.

Asian-Pacific markets showed an ambiguous picture as investors remained cautious at the start of the eventful week. Japan's Nikkei 225 fell by 0.38 percent, while KOSPI demonstrated a growth of 0.37 percent.

Last Friday, the Dow Jones and S&P 500 indices fell by 1.09 percent and 1.82 percent, respectively, while the Nasdaq Composite closed down by 2.86 percent.

Brent crude lost almost 2 percent in the Asian session. This occurred against the backdrop of US President Donald Trump supporting diplomacy with Tehran ahead of the midterm elections. January futures traded on the Intercontinental Exchange at $111.23 per barrel, down by 1.97 percent.

Gold and silver futures rose by 0.49 percent and 1.45 percent, respectively, as traders rushed to acquire precious metals, noting the recent price drop.

Upcoming Second Quarter Earnings Reports

A number of companies, including Akums Drugs & Pharmaceuticals, Amara Raja Energy & Mobility, Arvind Fashions, Balaji Amines, Balmer Lawrie & Company, Borana Weaves, Bosch Home Comfort India, Capillary Technologies India, Carborundum Universal, Choice International, Container Corporation of India, Devyani International, DOMS Industries, Epack Prefab Technologies, Epigral, Escorts Kubota, Eureka Forbes, Fine Organic Industries, Flair Writing Industries, Fusion Finance, Gujarat Narmada Valley Fertilizers & Chemicals, Gopal Snacks, Granules India, Greenpanel Industries, Gujarat State Fertilizers & Chemicals, Happiest Minds Technologies, HLE Glascoat, Ideaforge Technology, Indogulf Cropsciences, ITC, JK Paper, JTL Industries, Kanohar Electricals, KEC International, Kewal Kiran Clothing, KRBL, Krsnaa Diagnostics, Lloyds Engineering Works, Marico, MOIL, Mold-Tek Packaging, National Aluminium Company (NALCO), NLC India, PCBL Chemical, Petronet LNG, Procter & Gamble Health, PSP Projects, PTC India, Puravankara, Rupa & Company, Sanghvi Movers, Sheela Foam, S H Kelkar & Company, Sun Pharma Advanced Research Company (SPARC), Tata Investment Corporation, TBO Tek, Thomas Cook (India), Trident, Triveni Engineering & Industries, United Foodbrands, UPL, Ventive Hospitality, Vesuvius India, VRL Logistics, Wockhardt, and Wonderla Holidays will publish their second quarter results for the fiscal year 27.

Initial Public Offering (IPO) Today

The Initial Public Offering of Vedant Poly Fabs will open for subscription on Monday. The company plans to raise 56.68 crore rupees from the primary market. Additionally, the IPOs of Johnsoncab Electricals, HGS (India), Vectras Enprocon, and Maxwell Engineering Solutions will enter the second day of subscription.

In another update, it was noted that US stock futures rose in the Asian session in anticipation of negotiations between Washington and Tehran, which could lead to a resolution. Dow Jones and S&P 500 futures traded higher by 0.40 percent and 0.45 percent, respectively. Iran and mediators from Qatar will hold the third day of talks with the US on Sunday.

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www.aajtak.inOctober 30, 07:30

Indian stock market shows slowdown: Sensex and Nifty experience sharp decline amid global sell-off

The Indian stock market started weakly on the last trading day of the week. Volatility was observed during the first hour of trading. The market initially showed a slight increase: Nifty 50 approached the 23,000 level, rising by approximately 50 points, and Sensex grew by more than 100 points, reaching around 74,500. However, Bank Nifty showed a drop of over 200 points. Shortly after this, Sensex and Nifty shifted from the green zone to the red.

Experts note that rising crude oil prices create difficulties for the market and limit the potential for sustainable growth. The market is being pressured by active selling in global technology stocks and rising oil prices. Nevertheless, purchases by domestic institutional investors provided some support to the market and helped prevent a more significant downturn.

Due to concerns about Houthi attacks on oil fields in Saudi Arabia, the price of Brent Crude exceeded $116 per barrel, and the price of West Texas Intermediate (WTI) Crude rose above $103 per barrel. Furthermore, reports have emerged about a possible start of US military action against Iran following the mid-November elections, which heightens geopolitical uncertainty.

Meanwhile, US benchmark indices NASDAQ and Dow Jones closed lower yesterday evening. Although selling by FIIs has recently weakened and periodic buying has been observed, the overall market situation does not look favorable for growth. For Nifty, the 23,000 level remains the most important; if the index strengthens above this level, the next target could be 23,200–23,250. Meanwhile, the zone of 22,650–22,700 may act as important support during a decline.

For maintaining weekly growth, it is critical that Nifty closes above the 22,600 mark, so investors are closely watching the market close on the last trading day of the week. Earlier, Bank Nifty closed near its daily high, which is considered a positive signal for the market. For the banking index, the 55,000 level is important; a breakthrough above it could simplify the path to 55,500, while support remains around 54,500. If Bank Nifty holds above this level, market stability may be maintained.

Attention will also be paid to the second-quarter results of companies, which may play an important role in determining the direction of the stock market. Second-quarter results for Reliance Industries and Jio Platforms will be announced today, and investors are awaiting the financial reports of these two companies. The financial results and management comments may influence stock movements in the next trading session, and fluctuations in stock prices will be monitored after the publication of quarterly reports, although the most significant results will appear after the market close.

business-standard.comOctober 28, 05:41

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

According to data from the morning of Wednesday, October 28, 2026, the GIFT Nifty index signaled a possible negative opening for the Nifty 50 index. Futures for this index were valued at 22,593.0, corresponding to a decline of 156 points. Meanwhile, Asian markets showed growth in early trading sessions.

Despite a slight rise in oil prices driven by tensions in West Asia, Asian exchanges demonstrated positive momentum. Japan's Nikkei 225 and South Korea's Kospi rose by 1.19% and 6.1%, respectively.

On the night of Wednesday, US indices also closed higher: the Dow Jones Industrial Average increased by 0.03%, and the S&P 500 rose by 0.60%. The Nasdaq Composite finished trading with a gain of 1.18%.

Crude oil prices rose on Wednesday: Brent Crude traded at $115.9, up 1.75%, while WTI Crude climbed 1.36% to $101.3. Gold futures fell by 0.34%, and silver futures dropped by 0.66%. It is important to note that the US Federal Reserve System (FOMC) is holding a two-day meeting on October 27–28, 2026, and decisions on the official interest rate and policy statements are scheduled for today.

Second Quarter Company Reporting

Among the companies publishing second-quarter results for the 2026–27 fiscal year, Hindustan Unilever (HUL), Adani Ports, Adani Enterprises, TVS Motor, Hyundai Motor India, and Pidilite Industries are featured today.

Initial Public Offerings (IPO)

Today, Jio Platforms Ltd. and Paras Healthcare Ltd. will debut on the stock market, whose initial offerings closed on October 23. The IPO of M.K. Sons Fine Jewels will be available for subscription today until October 30. Additionally, SFC Environmental Technologies Ltd. and BLS Polymers will continue trading on the second day of the auction, which began on October 27. EAAA India Alternatives is on its last subscription day, which is today, October 28, following the start on October 26.

Asian Markets Show Growth

Asia-Pacific markets traded on an upward trend, following the movements that occurred on Wall Street on Tuesday. As mentioned earlier, Japan's Nikkei 225 and South Korea's Kospi showed increases of 1.19% and 6.1%, respectively.

US Benchmark Indices Closed Higher

Tuesday's session concluded with gains for US benchmark indices. The S&P 500 and Dow Jones futures showed increases of 0.60% and 0.03%, respectively.