According to data for Monday, September 6, 2026, the GIFT Nifty indicator suggested that the Nifty50 index might start trading with negative momentum. This forecast was driven by rising oil prices, which intensified concerns about inflationary expectations amid ongoing tensions between the US and Iran. Futures for this index were valued at 23,978 points, indicating a drop of 71 points.
Trading was up in the Asia-Pacific markets. These movements correlated with what happened on Wall Street last Friday, as well as with the growth of technology sector stocks. Specifically, the Japanese Nikkei 225 and the South Korean Kospi showed gains of 2.23% and 3.04%, respectively.
Last Friday, the Dow Jones and S&P 500 indices closed down by 0.51% and 0.38%, respectively, while the Nasdaq Composite finished the session down by 0.29%.
Oil prices continued to rise after the US and Iran exchanged strikes on each other's tankers in the Strait of Hormuz. September futures were recorded on the Intercontinental Exchange at $96.73 per barrel, representing an increase of 0.89%. Meanwhile, gold and silver futures traded down by 0.51% and 0.03%, respectively.
Oil prices continue to rise
Oil prices increased their rise after the US and Iran exchanged strikes on each other's tankers in the Strait of Hormuz. September futures were recorded on the Intercontinental Exchange at $96.73 per barrel, showing an increase of 0.89%.
Asian markets show growth
Markets in the Asia-Pacific region traded higher, following similar trends observed on Wall Street last Friday, as well as due to the rise in technology stocks. Japan's Nikkei 225 and South Korea's Kospi rose by 2.23% and 3.04%, respectively.
Initial Public Offering (IPO) information
Initial Public Offerings (IPOs) from Pranav Constructions and Apana Logistics will begin accepting applications on Monday. These companies plan to raise ₹351.03 crore and ₹34.14 crore from the primary market. Additionally, the IPO of Qualiance International enters its second day of application acceptance on Monday.