Archive · 12 Oct 2026
Indian Shares Set to Rise as Oil Eases, RBI Supports Rupee
Indian stocks were expected to start Monday higher.
Oil prices had fallen, which can help ease pressure on the market.
The price of Brent crude was still above $100 a barrel because conflict in the Middle East continued to affect sentiment.
India’s central bank announced steps aimed at supporting the rupee.
Those steps include changing how oil companies buy dollars and tightening rules for currency hedging.
Stocks had risen the previous week, but one market analyst said it was too soon to know if the recovery would last.
Foreign investors kept selling Indian shares, while local institutions bought shares on Friday.
Company updates and earnings may also influence trading.
Indian shares were expected to open higher on Monday, with GIFT Nifty futures indicating a positive start.
Brent crude fell 1.6% to $103 a barrel after a reported Russia-Ukraine agreement to halt attacks on energy facilities.
The Reserve Bank of India announced measures to support the rupee, including redirecting oil companies’ dollar purchases and tightening hedging rules.
The Nifty and Sensex rose 0.4% and 0.8%, respectively, last week, but an analyst described the rebound as a possible relief rally rather than a confirmed recovery.
Foreign investors sold Indian stocks for 11 consecutive sessions, while domestic institutional investors were net buyers of 47.43 billion rupees on Friday.
- Who
- Indian share-market investors and the Reserve Bank of India.
- What
- Indian shares were expected to open higher as oil eased and the RBI announced measures to support the rupee.
- When
- Monday, October 12; the article also refers to measures announced over the weekend.
- Where
- India.
- Why
- Lower oil prices and steps intended to support the rupee were seen as positive for market sentiment.
Reasons for optimism
Reasons for caution
Market recovery
Reasons for optimism
The Nifty and Sensex rose last week, while easing oil prices and the RBI’s currency measures could support sentiment.
Reasons for caution
Bajaj Broking analyst Pabitro Mukherjee said the rebound was not enough to confirm a sustained recovery and looked more like a relief rally.
Investor flows
Reasons for optimism
Domestic institutional investors were net buyers of 47.43 billion rupees on Friday.
Reasons for caution
Foreign portfolio investors had sold domestic stocks for 11 straight sessions, including 35.69 billion rupees of outflows on Friday.
Oil prices
Reasons for optimism
Brent crude fell after a reported agreement for Russia and Ukraine to halt attacks on each other’s energy facilities.
Reasons for caution
The Middle East conflict kept crude above $100 a barrel, limiting optimism.
- GIFT Nifty futures
- 22,624.5 at 7:53 a.m. IST, indicating a positive opening.
- Nifty 50 Friday close
- 22,520.45.
- Brent crude
- Down 1.6% to $103 a barrel.
- Weekly index changes
- The Nifty rose 0.4% and the Sensex rose 0.8% last week.
- Foreign portfolio investors
- Sold domestic stocks for 11 consecutive sessions; reported outflows were 35.69 billion rupees on Friday.
- Domestic institutional investors
- Net purchases of 47.43 billion rupees on Friday, according to provisional NSE data.
- Stocks to watch
- Avenue Supermarts, Poonawalla Fincorp, Mahindra & Mahindra, and Can Fin Homes.