1 day ago
Indian Shares Set for Cautious Start as US Yields Rise
Indian shares were expected to begin Wednesday cautiously.
A market indicator called GIFT Nifty was lower before trading began.
Indian shares had already fallen in the previous session.
Asian markets also opened lower, although US stock futures were slightly higher.
US government bond yields climbed, which can make investors more careful about buying shares.
Foreign investors sold Indian stocks, while domestic institutions bought them.
Oil prices rose, and traders were also watching currencies, gold, silver, and market flows.
These mixed signals left investors looking for clues about which way the market might move.
GIFT Nifty traded around 22,542, down 50 points, signaling a muted Indian market opening on October 8.
On October 7, the Nifty fell 0.8% to 22,603.05 and the Sensex lost 429 points to close at 72,638.70.
Asian markets opened lower, while US stock futures showed slight gains; Wall Street’s major indexes had ended lower.
The US 10-year Treasury yield reached 5.3% and the 30-year yield rose to 5.7%, weighing on investor sentiment.
Foreign investors sold Indian equities worth Rs 6,121.40 crore, while domestic institutions bought Rs 4,596.60 crore.
- Who
- Indian equity investors, foreign institutional investors and domestic institutional investors.
- What
- Indian markets were expected to open cautiously after benchmark indexes fell and GIFT Nifty pointed to a muted start.
- Where
- Indian equity markets, with global cues from Asian markets and the United States.
- When
- The outlook was for Wednesday, October 8, 2026; the benchmark index declines and investor flows cited were from October 7.
- Why
- GIFT Nifty was lower, Asian markets opened down, US Treasury yields had risen, and foreign investors were net sellers.
Cautious signals
Supportive signals
Global market cues
Cautious signals
Asian markets opened lower, Wall Street closed down, and higher US Treasury yields weighed on investor sentiment.
Supportive signals
US stock futures traded slightly higher, with Nasdaq-100 futures up 0.1%.
Institutional flows
Cautious signals
Foreign institutional investors sold Indian equities worth Rs 6,121.40 crore.
Supportive signals
Domestic institutional investors purchased Indian equities worth Rs 4,596.60 crore.
Key facts
- GIFT Nifty
- Around 22,542, down 50 points in early trading.
- Nifty close
- 22,603.05 on October 7, down 0.8%.
- Sensex close
- 72,638.70 on October 7, down 429 points, or 0.6%.
- US Treasury yields
- The 10-year yield reached 5.3%; the 30-year yield rose to 5.7%.
- Foreign institutional investors
- Net sellers of Rs 6,121.40 crore in Indian equities, according to NSE cash-market data.
- Domestic institutional investors
- Net buyers of Rs 4,596.60 crore, according to NSE cash-market data.
- Crude oil
- Brent rose 1.35% to $101.55 a barrel; US crude gained 1.2% to $89.42.
Sources
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