return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. GIFT NIFTY indicates weak opening for Indian markets amid negative cues from Asian markets

Market News

GIFT NIFTY indicates weak opening for Indian markets amid negative cues from Asian markets

image Abhishek Vasudev
By Abhishek Vasudev

2 min read | Updated on October 22, 2026, 08:36 IST

Google
SelectUpstoxas yourPreferred news source

SUMMARY

Asian markets were trading lower on Thursday tracking a surge in crude prices amid lingering concerns over AI.

Dow Jones, S&P 500 and Nasdaq futures indicate a positive open ahead of the opening bell on Tuesday, October 6. | Image: Shutterstock

Foreign institutional investors sold shares worth ₹1,148.64 crore on Monday. | Image: Shutterstock

The Indian equity benchmarks are set to stage a gap down opening on Thursday, October 22, as indicated by NIFTY futures traded at GIFT City in Gandhinagar. NIFTY Futures at GIFT City dropped 97 points to 22,646 amid weak cues from Asian markets.

Open FREE Demat Account within minutes!
Join now

The Indian equity benchmarks erased gains to close lower for a second straight session on Wednesday, October 21, as investor sentiment was dented by surging crude prices in global markets.

The SENSEX dropped 143 points to close at 73,710 and NIFTY50 index declined 78 points to settle at 22,811.

Asian markets were trading lower on Thursday tracking a surge in crude prices amid lingering concerns over AI.

Japan's Nikkei fell 0.96%, Hong Kong's Hang Seng index declined 2.73%, China' Shanghai Composite dropped 1.4% and South Korea's KOSPI fell 2.27%.

Overnight, US shares ended higher following strong profit reports from SpaceX, Capital One Financial and other big companies.

Dow Jones Industrial Average advanced 0.7%, S&P 500 index gained 0.6% and tech heavy Nasdaq rose 1.05%.

SpaceX helped lead the market and climbed 7.8% after reporting a stronger profit for the summer than analysts expected. Elon Musk, who runs the company that makes money from artificial-intelligence technology, rockets and other businesses, also said that SpaceX took a step to consider a possible merger with Tesla, his electric-vehicle company, news agency AP reported.

Tesla rose 3.4% and was one of the strongest forces lifting the S&P 500.

Brent crude futures rose 1.7% to $110 per barrel after fresh Houthi attacks in Saudi Arabia prompted US to order some diplomats and their family members to leave American missions in the Kingdom.

Back home, foreign institutional investors bought shares worth ₹1,022.32 crore and domestic institutional investors purchased shares worth ₹1,614 crore on Wednesday.

More than 60 companies will declare their latest July-September earnings for the financial year 2026-27 on Thursday, October 22.

They include power transmission and distribution company Adani Energy Solutions, oil marketing company Hindustan Petroleum Corporation Ltd, electrical equipment manufacturer Havells India, asset manager Nippon Life India Asset Management, on-demand convenience platform Swiggy, city gas distributor Adani Total Gas and stainless steel manufacturer Jindal Stainless.

About The Author

image Abhishek Vasudev
Abhishek Vasudev is a business journalist with over 15 years of experience covering business and markets. He has worked for leading media organisations of the country.

Next Story

End of additional stories