Business · Markets · 3 hrs ago
Indian stocks set for a slightly higher open as Asian markets diverge
India’s Nifty 50 was expected to open slightly higher on Monday, based on GIFT Nifty futures.
The futures were quoted at 22,630, up 10 points.
Asian markets moved in different directions: South Korea’s KOSPI fell 2 per cent, while Hong Kong’s Hang Seng rose 0.59 per cent, and Japan’s market was closed for a holiday.
Traders were cautious ahead of the start of the earnings season.
Oil prices declined after US President Donald Trump announced an energy ceasefire between Ukraine and Russia, with December Brent crude futures at $103.17 a barrel.
US stock indexes had closed higher on Friday, and US futures also rose early Monday.
Companies including HCL Technologies, ICICI Prudential Asset Management Company, RBL Bank and Swaraj Engines were due to release quarterly results that day.
GIFT Nifty indicated that India’s Nifty50 could open slightly higher on Monday.
The futures were quoted at 22,630, up 10 points.
Asian markets were mixed, with South Korea’s KOSPI down 2 per cent and the Hang Seng up 0.59 per cent.
Japan’s markets were closed for a holiday.
Brent crude declined after US President Donald Trump announced an energy ceasefire between Ukraine and Russia.
- Who
- Indian stock markets, including the Nifty50 and Sensex, were expected to open slightly higher.
- What
- GIFT Nifty signalled a modestly higher open as Asian markets traded mixed.
- When
- Monday, October 12, 2026.
- Where
- India; Asian markets were also in focus.
- Why
- GIFT Nifty indicated a positive open, while traders assessed mixed global cues and exercised caution ahead of earnings season.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The Dow Jones Industrial Average and S&P 500 ended higher, and the Nasdaq Composite also settled higher.
Asian markets traded mixed, with South Korea’s KOSPI lower and the Hang Seng higher.
Brent crude was reported lower after Donald Trump announced an energy ceasefire between Ukraine and Russia.
- GIFT Nifty
- 22,630, up 10 points
- KOSPI
- Down 2 per cent
- Hang Seng
- Up 0.59 per cent
- Brent crude
- December futures at $103.17 per barrel
- Earnings due
- HCL Technologies, ICICI Prudential Asset Management Company, RBL Bank and Swaraj Engines
Sources
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