NIFTY futures traded at GIFT City indicate that the Indian stock market will open lower on October 1, 2026. Despite positive movements in some Asian markets, NIFTY futures fell by 138 points to 22,570, suggesting a gap down opening for the day.
- NIFTY futures at GIFT City dropped 138 points to 22,570.
- Foreign institutional investors sold shares worth ₹10,148.41 crore.
- Domestic institutional investors purchased shares worth ₹11,271.73 crore.
- Brent crude oil prices cooled to $98 per barrel amid US-Iran peace talks.
- Government reduced windfall tax on diesel and aviation turbine fuel exports.
- PM-DHARA Scheme approved to boost renewable energy transmission.
Why are NIFTY futures indicating a gap down opening?
NIFTY futures at GIFT City in Gandhinagar fell by 138 points to 22,570. This decline signals that the Indian equity benchmarks are likely to open lower on October 1. The drop comes after the benchmarks declined for the third consecutive session on September 30, 2026. Investor sentiment remains cautious due to rising bond yields in the United States and continued selling by foreign institutional investors (FIIs).
How did the Indian stock market perform recently?
On September 30, the SENSEX ended 49 points lower at 72,480, and the NIFTY50 index fell by 96 points to 22,620. This marked the third straight session of decline, reflecting cautious investor sentiment. Foreign institutional investors sold shares worth ₹10,148.41 crore, while domestic institutional investors bought shares worth ₹11,271.73 crore, showing contrasting investment trends.
What is happening with crude oil prices and Asian markets?
Brent crude futures for December delivery cooled down to $98 per barrel. This price drop is linked to investors evaluating the outcomes of US-Iran peace talks and the future of Middle East crude exports. Asian markets showed mixed results: Japan's Nikkei surged by 2.43%, South Korea's KOSPI declined by 0.11%, and markets in China and Hong Kong were closed for a holiday.
How are US economic factors influencing global markets?
US stocks mostly ended lower due to rising bond yields after data showed the US economy grew by 2.2%, exceeding expectations of 1.5%. Core Personal Consumption Expenditures (PCE) inflation was at 3.4%, below the expected 3.7%. The CME Fed watch tool indicated a 34% chance of interest rates being between 4% and 4.25%, down from 52% the previous day. The Dow Jones Industrial Average fell by 0.9%, the S&P 500 declined by 0.25%, while the Nasdaq advanced by 0.24%.
What recent government actions affect oil and aviation sectors?
The government reduced the windfall gains tax on diesel and aviation turbine fuel (ATF) exports starting October 1. The special additional excise duty (SAED) plus road and infrastructure cess on diesel exports was lowered from ₹20 to ₹16 per litre. For ATF exports, the SAED was cut from ₹15 to ₹10.5 per litre. However, the duty on petrol exports remains at ₹0.5 per litre for the next fortnight. These changes are expected to impact oil marketing and aviation companies.
What is the PM-DHARA Scheme and its significance?
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the PM-DHARA Scheme, a ₹1.86 lakh crore initiative to develop an intra-state transmission system with 50 GWh battery storage. This system will help evacuate up to 135 GW of renewable energy across states and union territories. The scheme supports India’s goal of achieving 500 GW of renewable energy capacity by 2030. Companies like Adani Green Energy, Waaree Energies, ACME Solar, and Suzlon are expected to be in focus due to this development.
