Nifty Today: Gift Nifty Signals Gap-Up Open After 25-Year Losing Streak
Gift Nifty futures jump 115 points as weak US jobs data and falling oil prices lift sentiment after Nifty's longest weekly decline in 25 years. HDFC Bank CEO appointment in focus.
19 Oct 2026, 19:33 UTC
Gift Nifty Futures Point to Positive Start
Indian equity benchmarks are poised for a gap-up opening on Monday, October 5, 2026. According to Upstox, Gift Nifty futures advanced 115 points to 22,645, signaling a positive start for the Nifty 50 index, which had previously closed at 22,422. This rebound is significant as both the Nifty 50 and the Sensex had just logged their eighth straight weekly decline—the longest weekly losing streak in 25 years .
Global Cues Driving the Market Rebound
The shift in sentiment for nifty today is primarily driven by easing macroeconomic pressures from the US and global energy markets. Softer-than-expected US jobs data for September has cooled inflation worries and reduced the probability of a Federal Reserve rate hike in October to below 25% .
Additionally, Brent crude futures declined to approximately $101 per barrel. This drop is attributed to Middle East crude exports rising above pre-war levels during the final week of September, which has eased near-term supply concerns for oil-importing nations like India .
Institutional Activity and Key Stocks
While global cues are positive, domestic institutional activity shows a tug-of-war. On Thursday, October 2, foreign portfolio investors (FPIs) remained net sellers for the sixth consecutive session, offloading shares worth ₹9,484.22 crore. However, domestic institutional investors (DIIs) provided a cushion by purchasing equities worth ₹10,041.84 crore .
In terms of specific stocks, HDFC Bank is expected to be in focus following the RBI's clearance of Anup Bagchi as the next CEO and Managing Director. Bagchi, currently leading ICICI Prudential Life Insurance, will be the first external candidate to lead the country's largest private sector lender .
Market Snapshot: October 5, 2026
| Indicator | Value/Level | Context |
|---|---|---|
| Gift Nifty (Live) | 22,639 - 22,645 | Indicates ~115 point gap up |
| Nifty 50 (Close) | 22,422 | Ended 8-week losing streak |
| Today Sensex (Close) | 71,910 | Closed down 571 points on Thursday |
| Brent Crude | ~$101/bbl | Down ~1% on higher exports |
| FPI Net Flow | -₹9,484.22 cr | 6th straight session of selling |
Note: Gift Nifty is a leading indicator for the opening price and does not guarantee the full day's market direction.
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