GIFT Nifty predicts Nifty50 index growth; Asian markets decline due to tech stock sell-off

According to the latest updates, the GIFT Nifty index signaled a possible negative opening for the Nifty 50 index, while Asian markets demonstrated mixed dynamics during early trading.

On Thursday, October 29, 2026, GIFT Nifty indicated that Nifty 50 would open lower, with futures trading at 22,685 points, which was 0.21 percent lower.

Despite a slight decrease in oil prices amid tensions in West Asia, Asian markets showed an ambiguous picture. Japan's Nikkei 225 rose by 0.15 percent, while South Korea's Kospi fell by 2.28 percent.

US off-exchange indices closed higher: the Dow Jones Industrial Average rose by 0.19 percent, and the S&P 500 by 0.28 percent. The Nasdaq Composite finished the session up by 0.27 percent.

Crude oil prices slightly decreased, falling below the $115 per barrel mark. The July futures contract was valued at $114.9, corresponding to a decline of 0.36 percent. Gold futures fell by 0.27 percent, and silver futures by 0.42 percent.

Today is scheduled for the announcement of second-quarter results for fiscal year 27 for several major companies, including Coal India, Asian Paints, InterGlobe Aviation, Trent, Laurus Labs, and Ambuja Cements.

Additionally, it was reported that the Shapoorji Pallonji conglomerate is considering raising funds of $150–200 million amid growing debt repayment obligations.

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.

According to data from Friday, October 23, 2026, the GIFT Nifty index signaled a potential opening decline for the Nifty50 index. Asian markets traded lower at the start of the session.

GIFT Nifty showed signs of a down opening for the Nifty50 index against the backdrop of falling global stocks, driven by concerns over artificial intelligence spending and rising oil prices. Futures were valued at 22,864, which is 155 points higher.

Asian-Pacific markets traded lower, reflecting overnight movements on Wall Street, as traders continued to worry about the significant costs required to build AI infrastructure. Japan's Nikkei 225 and South Korea's Kospi fell.

Overnight, the composite Nasdaq index recorded its worst session since June, closing 2.60% lower at 26,008.86. The Dow Jones Industrial Average rose by 0.02%, while the S&P 500 decreased by 1.21%.

Brent crude oil prices partially recovered their positions in the Asian session after the US activated a defense law reminiscent of the Cold War era, which grants the current administration permission to provide incentives for oil and gas production. December futures were valued at 114.16, up 0.94%.

Gold and silver futures traded 1.23% and 2.24% lower, respectively.

Second Quarter Results

Companies Adani Power, Atul, Bank of India, Bharat Petroleum Corporation (BPCL), CG Power and Industrial Solutions, Coforge, Dr Reddys Laboratories, Geojit Financial Services, DCB Bank, Godrej Properties, Infosys, and Jindal Steel will announce their results for the second fiscal quarter of 2027.

Initial Public Offering Today

In the Asian session, US stock futures slightly declined due to rising oil prices and falling tech stocks. S&P 500 and Dow Jones futures fell by 0.03% and 0.2%, respectively.

Overnight, the composite Nasdaq index demonstrated its weakest session since June, ending trading 2.60% lower at 26,008.86. Meanwhile, the Dow Jones Industrial Average increased by 0.02%, and the S&P 500 fell by 1.21%.

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