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Indian markets open higher as GIFT Nifty climbs and oil prices jump

The GIFT Nifty rose to 22,820, indicating a positive start for Indian equities, while oil prices increased after supply concerns.

Indian equities began the day on an upbeat note, with the GIFT Nifty trading at 22,820, up 111 points, signaling a firm opening. This contrasted with the previous session, when the BSE Sensex fell 460.30 points to 73,249.39 and the NSE Nifty dropped 123.70 points to 22,687.65. Across Asia, markets opened lower as technology shares slipped, mirroring Wall Street's tech sell-off; Japan's one outlet 225 and South Korea's Kospi fell 1.93% and 2.64% respectively, while Australia's ASX 200 slipped 0.36%.

Oil prices surged following Houthi attacks on Saudi Arabia, with Brent crude up 0.71% to $114 and WTI up 0.84% to $100.3. The article also listed a range of corporate earnings and announcements for the quarter, including results from Infosys, Adani Power, and Sun Pharma, among others.

Why it matters

The market move signals investor sentiment and highlights how geopolitical tensions are influencing commodity prices.

In this story

gift niftyoil priceshouthi attacksasian marketsquarterly earningsbrent crudewti crudetech selloffindia equitiescommodity supply
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