GIFT Nifty gains modestly as Asian markets rebound and oil prices fall

GIFT Nifty was up roughly 55 points on Monday morning, suggesting a solid start for India’s benchmark indices after a modest profit-taking session in the Sensex and Nifty during Sunday’s special Diwali Muhurat trading.

Analysts note that a broader improvement in global market sentiment could bolster Indian equities, though investors will be watching to see whether the recent gains can be maintained.

Asian stock markets recovered from last week’s technology sell-off, providing additional support for regional equities. At the same time, crude oil prices continued to decline as geopolitical concerns eased, further easing pressure on market participants.