Why Nifty 50 showed early‑session strength on 5 Oct 2026 despite global pressures

Nifty 50 early‑session movement on 5 October 2026

On 5 October 2026 the Nifty 50 opened higher, rising 131 points to 22,554 after a string of weekly losses, according to market reports.

GIFT Nifty as a leading indicator

The Economic Times noted that the offshore GIFT Nifty on the NSE IX was up 133.5 points, or 0.59 %, at 22,624.5, signalling a positive start for Dalal Street (source). This gauge often moves ahead of the on‑shore index and suggested buying interest at the open.

Domestic pressures and VIX

The same article highlighted that the Nifty had suffered an eight‑week losing streak, falling 3.1 % weekly, while the India VIX rose 0.5 % to settle at 13.49, reflecting modestly higher fear among investors (source).

Global headwinds and mixed Asian cues

Analysts cited a record global bond rout, renewed strength in crude oil and the heaviest foreign portfolio selling in six months as factors weighing on Indian equity sentiment. Asian markets showed mixed reaction: Hong Kong’s Hang Seng futures fell 0.2 %, Japan’s Topix rose 1.1 % and Australia’s ASX 200 gained 0.4 % after softer US jobs data eased expectations of a Federal Reserve rate hike (source).

Technical view from TradingView

A TradingView weekly review observed that the index had experienced a steady bearish move the previous week, tested an important support on the daily chart and was now bouncing from it (source). This technical bounce aligned with the positive signal from GIFT Nifty, reinforcing the early‑session strength.

Overall, the early‑session rise was driven by offshore strength, a technical bounce from support and limited buying interest, even as global bond yields, crude prices and foreign outflows kept pressure on the market.

The Economic Times cautioned that the reported numbers refer to early‑session or intraday levels and could change later in the trading session, and reminded readers that GIFT Nifty is an indicative offshore derivative that does not guarantee the exact opening of the on‑shore Nifty.

Market participants are advised to monitor live updates for any shifts in sentiment.