Pre-Market 10 September 2026: GIFT Nifty Hints At A Flat Opening Today; Global Cues In Focus
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GIFT Nifty hints at a flat opening of Indian equities on Thursday, while Brent crude above $100 and fresh Middle East tensions keep pressure on markets.
Indian equities head into Thursday after another session of losses, with Brent crude crossing $100 a barrel and US stocks ending lower as Middle East tensions intensified.
How Did Indian Markets Perform?
The Nifty 50 fell 0.86% to 23,431.50, while the Sensex dropped 1.08% to 74,764.23 on Wednesday.
Selling intensified across the domestic market as 13 of 16 major sectors ended lower. The Nifty IT index fell 3.24%, while mid-cap and small-cap stocks declined.
The fall came as investors assessed the impact of higher oil prices on inflation and interest rates. The rupee also weakened and closed at 95.11 (provisional) against the US dollar.
Global Markets Update
Global markets came under pressure as tensions in the seven-month-old US-Iran conflict escalated again following Iran's reported capture of a US submarine..
On Wall Street, the Dow Jones Industrial Average fell 405.41 points, or 0.77%, to 52,380.66. The S&P 500 declined 37.16 points, or 0.48%, to 7,636.36, while the Nasdaq Composite slipped 168.07 points, or 0.64%, to 26,253.34.
European markets also ended lower. The FTSE 100 fell 1.31% to 10,670.06, and the CAC 40 declined 1.94% to 8,156.67. The European sell-off came as higher oil prices revived inflation concerns ahead of the European Central Bank's policy decision on Thursday.
Asian markets were more mixed. Japan's Nikkei 225 fell 0.19% to 65,142.78, while Hong Kong's Hang Seng declined 0.17% to 25,274.96. South Korea's Kospi rose 1.4%.
GIFT Nifty Live
At 8:00 AM on 10 September 2026, the GIFT Nifty was trading at 23,488.00, down 2.50 points, or 0.01%, pointing to a flat start for Indian equities today.
Nifty 50 Technical View
The Nifty 50 has slipped below its previous swing low and is now testing the next support area. Analysts expect 23,300 to be the first level to watch, followed by 23,070, which coincides with the June low.
On the upside, 23,500-23,600 is the immediate resistance zone, with 23,800 above that. A move back above the first resistance band would be needed to ease some of the recent pressure.
What To Watch In Thursday's Trade?
US inflation will remain a major global cue. The US Producer Price Index is due on Thursday, followed by consumer inflation on Friday, with both reports expected to influence bets on the Federal Reserve's next move.
For Indian traders, crude prices and the rupee will remain closely linked to the broader inflation and rate outlook. The immediate domestic trigger is the Nifty's position below 23,500. Any fresh move in oil or a change in US rate expectations could add to market volatility.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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