Indian equity benchmark indices, the Sensex and Nifty, started the session lower on October 28, 2026, despite overnight gains on Wall Street and strength across Asian markets. While the 30-share BSE Sensex fell 345.23 points or 0.17 per cent to start the session at 73,253.44, the Nifty shed 71.75 points to open at 22,708.80. In the last trading session, the Sensex closed at 73,606.75 and the Nifty 50 at 22,678.ย
What did Gift Nifty indicate?
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Gift Nifty, an early indicator for the Nifty 50, indicated a negative start today, opening down 98.5 points to 22,713.50 from the previous close of 22,812. Foreign Institutional Investors (FIIs) turned buyers on Tuesday, i.e. on October 27, with equity purchases of Rs 4,240.39 crore. However, Domestic Institutional Investors (DIIs) turned sellers and offloaded equities worth Rs 1,250.03 crore.ย
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“Domestic markets may face a weak start, with Gift Nifty signalling downside pressure despite support from recent FII buying. However, the sharp opening gap, elevated crude prices and the Fedโs policy decision could keep volatility high. Niftyโs ability to stabilise near key support levels will be crucial in determining whether early weakness attracts buying interest or extends the decline,” said Hitesh Tailor, Technical Research Analyst at Choice Broking.
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Asian stocks rallied after โa resurgence in AI enthusiasm, following surge in US stocks.