Pre-Market 6 October 2026: GIFT Nifty Hints At Firm Start; RBI Policy, Crude Oil And Global Cues In Focus

Indian stocks head into Tuesday with a positive opening signal from GIFT Nifty. The focus, however, will not be limited to the opening. The Reserve Bank of India (RBI) policy meeting, oil prices and US-Iran developments could steer the session.

How Did Indian Markets Close On Monday?

The Sensex gained 472.77 points, or 0.66%, to settle at 72,382.47 on Monday. The Nifty 50 gained 133.80 points, or 0.60%, to 22,555.75. The gains came after eight consecutive weeks of losses for the two benchmarks.

Foreign investors, however, remained sellers. FIIs offloaded ₹4,699.10 crore of Indian equities on Monday, while DIIs bought ₹5,181.60 crore, according to provisional exchange data.

The rupee ended almost flat at 96.2925 against the US dollar. The Brent crude oil price was up to $102.4 a barrel, keeping the currency and inflation outlook in focus ahead of the RBI decision.

Global Market Indices

In the US markets, megacap and growth stocks led much of the move amid ‌Treasury yields held near multi-year highs. The Dow Jones Industrial Average was up 0.18% at 51,267.90, while the S&P 500 gained 0.66% to 7,773.95. The Nasdaq Composite was up 1.05% at 27,477.31.

European markets were mixed by the end of Monday's session. The FTSE 100 gained 0.34% to 10,497.94, while the CAC 40 fell 0.80% to 7,834.10.

Asia was stronger, although trading was thin because of regional holidays. Japan's Nikkei 225 jumped around 2.4%, while South Korea's KOSPI was closed for a holiday.

GIFT Nifty Today

At 7:55 am on 6 October 2026, GIFT Nifty was trading at 22,637 up 61 points, or 0.27%, hinting at a positive start for Indian equities on Tuesday.

Nifty 50 Technical View

The Nifty chart shows a pause in the recent downward move. For the recovery to hold, however, buyers will need to step in more consistently.

On the upside, 22,800 is the first resistance level, followed by the psychological 23,000 mark. A move beyond these levels would strengthen the near-term setup.

The index has immediate support at 22,400. Below this, the 22,217 low recorded on 1 October remains an important level to watch.

What Could Shape Tuesday's Trade?

On the domestic side, the RBI Monetary Policy Committee has begun its three-day meeting, with the policy decision due on Wednesday. Investors will also begin positioning for the September-quarter earnings season.

Crude will remain another key variable. Oil prices are still above $100 after Middle Eastern exports increased and the G7 pledged to release emergency oil stocks. At the same time, risks around the Strait of Hormuz continue to keep the market on edge.

On the global geopolitical front, Ukraine’s defence ministry on Monday claimed that more than 51% of Russia’s oil refining capacity was out of action after attacks by Ukrainian forces. The disruption adds another risk to global fuel markets, with any prolonged impact on Russian refining potentially affecting fuel supplies and prices.

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