GIFT NIFTY futures indicate that Indian equity markets are likely to open lower on Friday, October 30, 2026. This weak opening is driven by negative global market trends and a surge in crude oil prices. Investors are closely watching these developments as more than 200 companies prepare to announce their quarterly earnings.
- GIFT NIFTY futures dropped 40 points to 23,007 amid weak global cues.
- Foreign institutional investors sold shares worth ₹943.60 crore on Thursday.
- Domestic institutional investors purchased shares worth ₹1,924 crore.
- Asian markets declined sharply following disappointing US tech earnings.
- Over 200 companies, including Reliance Industries and Sun Pharma, will report results today.
Why are GIFT NIFTY futures signaling a weak market opening?
GIFT NIFTY futures, traded at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, fell by 40 points to 23,007. This decline reflects investor concerns about weak global market conditions and rising crude oil prices. Futures prices often indicate how the market is expected to open, so this drop suggests a negative start for Indian equity benchmarks.
How did global markets influence the Indian market outlook?
Asian markets experienced sharp declines, influenced by a selloff in US markets. The Nasdaq index dropped 1.4%, the S&P 500 fell 0.3%, and the Dow Jones Industrial Average slipped 0.25%. Major Asian indices also fell significantly: Japan's Nikkei dropped 2.9%, South Korea's KOSPI fell 5.4%, Taiwan Weighted plunged 3.11%, and China's Shanghai Composite declined 0.93%. These movements followed disappointing quarterly earnings from Alphabet Inc., the parent company of Google, which reported a 25% decline in net income and a negative free cash flow of $9 billion.
What was the recent performance of Indian equity benchmarks?
On Thursday, Indian benchmarks ended their two-day losing streak. The SENSEX rose by 905 points to close at 74,151, and the NIFTY50 index gained 238 points to finish at 22,937. Gains were driven by heavyweights such as Kotak Mahindra Bank, State Bank of India, ICICI Bank, Bharti Airtel, Infosys, Adani Ports, and Reliance Industries. The positive sentiment was supported by a drop in crude prices and the monthly expiry of SENSEX futures and options contracts.
What was the activity of institutional investors in the Indian market?
Foreign institutional investors (FIIs) sold shares worth ₹943.60 crore on Thursday, indicating some caution. In contrast, domestic institutional investors (DIIs) bought shares worth ₹1,924 crore, showing confidence in the market despite global uncertainties.
Which companies are expected to report quarterly results today?
More than 200 companies are scheduled to declare their financial results for the quarter ending September 2026. Notable companies include Reliance Industries, Jio Platforms, Sun Pharmaceutical Industries, Bharat Electronics, Indian Oil Corporation Ltd, Varun Beverages, and Bank of Baroda. These results will provide further insights into the market's direction.
