GIFT Nifty Shows Positive Trends Amid Easing Crude Prices

On November 10, GIFT Nifty rose by 1.19%, signaling a positive outlook for Indian equities as crude oil prices decline. The Indian stock market remained closed for Diwali Balipratipada, following a strong performance in the previous session. Analysts predict that Nifty 50 could reach 28,000 points by 2027, driven by favorable earnings and lower oil prices. This article explores the recent trends in the Indian market and the factors influencing these changes.

By Narendra Chaudhary Nov 10, 2026, 16:01 IST

Market Overview

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New Delhi, Nov 10: On Tuesday, GIFT Nifty experienced an increase of approximately 1.19 percent by 12:45 PM, signaling a favorable start for Indian stock markets when trading resumes. This positive movement is attributed to declining crude oil prices and a boost in global market sentiment.

Indian stock exchanges were closed on Tuesday in observance of Diwali Balipratipada, following a trading session on Monday where key indices rebounded from initial losses, concluding at their highest points in over eight months.

By around 10:30 AM, GIFT Nifty was up by 141 points, or 0.57 percent, reaching 25,257. Brent crude futures remained below $0 per barrel, nearing their lowest levels since early September, amid expectations of potential discussions between the United States and Iran.

In the previous trading session, Nifty rose by 0.23 percent to finish at 25,044, while the Sensex increased by 0.13 percent to 81,106. Both indices concluded at their highest marks since February 27, 2026.

The benchmark indices had surged approximately 10.5 percent over seven consecutive sessions leading up to Friday, marking their longest winning streak of the year. This rally was fueled by robust foreign fund inflows, decreasing crude oil prices, and a retreat from the global artificial intelligence trade.

Many significant Asian markets also saw gains following the drop in crude oil prices, which was influenced by US President Donald Trump's announcement regarding the postponement of new military actions against Iran.

South Korea's KOSPI jumped over 4.39 percent, while Japan's Nikkei rose about 2.87 percent during early trading.

A recent report from brokerage firm Citi Research projected that India's benchmark index, Nifty 50, could reach 28,000 points by the end of 2027, suggesting an upside of around 12 percent from its last closing of 24,986. This forecast is supported by a strong earnings outlook, lower oil prices, and the expectation of reduced global capital expenditure related to artificial intelligence.

Until recently, Indian equities had underperformed compared to global counterparts, as the excitement surrounding the artificial intelligence sector and high crude oil prices negatively impacted the outlook for the world's third-largest oil importer.