Archive · 12 Oct 2026
Indian Stocks Eye Positive Open After Weekly Recovery
Indian stocks finished last week a little higher after falling for eight weeks in a row.
They rose sharply on Friday, helped by buying in technology shares and lower oil prices.
A market indicator called GIFT Nifty suggested Indian stocks might start Monday higher.
Experts said the rebound is encouraging, but it is too soon to know if it will last.
They are watching important price levels that could signal whether stocks keep rising or start falling again.
The Reserve Bank of India raised its main interest rate last week, which contributed to market uncertainty.
US stocks also ended Friday higher, while South Korean and Taiwanese markets fell on Monday.
Japan’s market was closed for a public holiday.
The Sensex rose 0.78% and the Nifty gained 0.44% for the week, ending an eight-week losing streak.
On Friday, the Sensex gained 1.23% and the Nifty rose 1.30%, supported by IT shares and softer crude oil prices.
GIFT Nifty traded around 22,649, indicating a potentially higher opening for Indian markets on Monday.
The RBI raised the repo rate by 25 basis points to 5.50% and shifted its stance to calibrated tightening.
US indexes closed higher on Friday; South Korea’s Kospi and Taiwan’s TAIEX fell on Monday, while Japan’s market was closed.
- Who
- Indian equity markets and investors, with global market cues from the United States and Asia.
- What
- Indian stocks were expected to open higher after ending an eight-week losing streak with modest weekly gains.
- When
- Monday, 12 October 2026; the reported US market performance was from Friday, 9 October.
- Where
- India, with market updates from the United States, South Korea, Japan and Taiwan.
- Why
- GIFT Nifty indicated a higher opening; the previous week’s Indian recovery was supported by softer crude prices and positive corporate updates.
Recovery Could Continue
Caution Remains
Near-term direction
Recovery Could Continue
The Friday rebound, improving RSI and GIFT Nifty’s indication of a higher open suggest buying interest may be returning.
Caution Remains
Analysts say the broader market remains sideways or indecisive; a sustained move above resistance is needed to confirm a recovery.
Key risks and levels
Recovery Could Continue
Holding above 71,700–72,000 on the Sensex could open the way toward 72,800–73,100.
Caution Remains
A fall below 71,700 on the Sensex, or below Nifty support at 22,000–22,180, could weaken the recovery and renew selling pressure.
- Sensex weekly change
- Up 0.78% to 72,472.33
- Nifty weekly change
- Up 0.44% to 22,520.45
- GIFT Nifty
- Around 22,649, up nearly 47 points from the Nifty futures’ previous close
- RBI repo rate
- Raised by 25 basis points to 5.50%; policy stance shifted to calibrated tightening
- Dow Jones
- Closed up 0.83% at 51,654.95 on Friday
- S&P 500
- Closed up 0.59% at 7,811.51 on Friday
- Asian market cues
- Kospi fell 2.23% to 6,471.51; Taiwan’s TAIEX fell 0.70% to 48,966.93; Japan’s market was closed