GIFT Nifty Shows Positive Movement
The GIFT Nifty index has risen by 392.50 points or 1.63%, reaching 23,405.50 on March 10, 2026. This increase signals a gap-up opening for the Indian stock market, indicating a shift in investor sentiment following a period of heightened geopolitical tensions.
Asian markets have rebounded after a sharp sell-off on Monday, driven by easing concerns surrounding energy prices. The decline in crude oil prices, which fell from around $100 per barrel to nearly $92, marked an intraday drop of almost 6%. This reduction in oil prices has contributed to a more favorable outlook for investors, particularly in the context of the ongoing US-Iran conflict that had previously unsettled markets.
On the previous day, the Indian stock market experienced a significant sell-off as the escalation of the US-Iran war triggered a surge in global crude oil prices. The India VIX, a measure of market volatility, jumped to 23.59, reflecting a more than 70% increase in just a week due to the intensifying geopolitical risks.
Despite the positive movement in the GIFT Nifty, the market’s overall structure remains under pressure. According to Nagaraj Shetti, a Senior Technical Research Analyst at HDFC Securities, “The overall structure of the market remains weak and the bearish chart pattern like lower tops and bottoms is intact on the daily and weekly charts.” This suggests that while there is a temporary uplift, the long-term outlook may still be uncertain.
In terms of trading activity, Nifty futures on the NSE International Exchange were up by 271 points or 1.12%, indicating a positive start for the domestic market. However, provisional data revealed that Foreign Portfolio Investors (FPIs) turned net sellers of domestic stocks, offloading shares worth Rs 6,345.57 crore on Monday. In contrast, Domestic Institutional Investors (DIIs) emerged as net buyers, purchasing equities worth Rs 9,013.80 crore.
Market analysts, including Hariprasad K, a SEBI-registered Research Analyst, noted that “Indian equity markets are poised for a positive start as global risk sentiment improves following signs that geopolitical tensions in the Middle East may be nearing de-escalation.” This sentiment is crucial as it reflects a potential stabilization in the market, which had previously been affected by external factors.
The conflict in the Middle East had already dragged the Nifty 50 and Sensex to their worst weekly performance in over a year, highlighting the significant impact of geopolitical events on market dynamics. As the situation evolves, investors will be closely monitoring developments that could influence market stability.
While the current rise in the GIFT Nifty is a welcome sign for investors, uncertainties remain regarding the sustainability of this upward trend. Details remain unconfirmed as the market continues to react to both domestic and international developments.
