GIFT Nifty 55 pts Higher Points to Firm Open for Sensex, Nifty
GIFT Nifty traded 55 points higher at 25,045 on Monday morning, pointing to a modest start for Indian shares. Asian markets rebounded from last week's tech selloff, crude oil fell, and foreign investors returned, though AI worries linger.
GIFT Nifty was trading at 25,045 around 8 am on Monday, November 9, 2026, up 55 points, or 0.22 percent, from Sunday's close. The move points to a modestly positive start for India's Sensex and Nifty benchmark indices.
Asian markets rebounded from last week's technology-led selloff, and crude oil prices declined further. Improving global sentiment, renewed foreign portfolio inflows and easing geopolitical concerns could support Indian equities.
Where Indian indices stand
During the special Diwali trading session on November 8, the Sensex slipped 28.62 points, or 0.04 percent, to 80,999.40. The Nifty declined 43.95 points, or 0.18 percent, to 24,986.40, giving up early gains.
Both indices had rallied sharply on Friday and closed at eight-month highs. The Nifty reclaimed the 25,000 mark for the first time since February 27, and it surged 8.6 percent during the preceding week.
Asia rebounds after AI rout
Asian equities advanced as investors returned to technology-heavy markets after a turbulent week. Concerns centered on artificial intelligence profitability, semiconductor demand and tighter US regulation.
Japan's Nikkei jumped 2.5 percent. Taiwan's benchmark index gained around 2.5 percent, recovering from its steepest weekly decline in two decades. South Korean shares made modest gains.
The MSCI index of Asia-Pacific shares outside Japan rose 0.8 percent, after a 4.6 percent fall last week. S&P 500 e-mini futures, contracts that track the US index, traded marginally higher.
Investors are reassessing the AI sector after the Democrats' sweeping victory in the US midterm elections. That result had raised fears of greater regulatory scrutiny and possible delays in data center construction.
Wall Street and oil
On Friday, the Nasdaq Composite gained 1.1 percent and the S&P 500 rose 0.31 percent. The Dow Jones Industrial Average fell 0.46 percent.
Brent crude fell 84 cents, or 0.85 percent, to $97.48 a barrel on Monday. West Texas Intermediate declined 32 cents, or 0.35 percent, to $90.51. Brent had plunged about 17 percent last week.
Oil slipped after US President Donald Trump indicated that fresh military strikes against Iran were highly unlikely while talks to end the Middle East conflict continued to make progress.
Ponmudi R, CEO of Enrich Money, said the immediate question for Indian equities is whether underlying buying interest can sustain the recent advance. He pointed to relatively stable crude, a firming rupee and the resumption of foreign portfolio inflows as support for sentiment, while lingering global worries over the AI trade could keep investors cautious.
