According to data from Friday, October 16, 2026, the GIFT Nifty indicator signaled a potential rise in the Nifty50 index at the market open. Asian markets showed a recovery at the start of the trading session.
GIFT Nifty futures indicators were valued at 23,082 points, which is 96 points higher, as oil prices continued to fall and Asian stocks rose. Investors actively bought chip stocks at attractive prices after several days of decline caused by concerns over artificial intelligence trading.
Asia-Pacific markets traded at elevated levels: Japan's Nikkei 225 index rose by 1.8%, and South Korea's KOSPI index increased by 2.72%. Meanwhile, the Dow Jones Industrial Average and S&P 500 closed the previous day with gains of 1.08% and 0.33% respectively, while the Nasdaq Composite finished the day up 0.08%.
Brent crude prices continue to fall
Brent crude continued to lose value in the Asian session as investors assessed the probability of the US easing restrictions on the shadow fleet. December futures were quoted at $105.59 per US dollar, representing a decrease of 0.32% on the Intercontinental Exchange.
Gold and silver futures traded at growth levels: gold up 0.09%, and silver up 0.38%.
Resumption of growth in Asian markets
Asia-Pacific markets demonstrated growth as investors rushed to purchase chip stocks at favorable prices after a period of decline linked to concerns about AI deals. Specifically, Japan's Nikkei 225 rose by 1.8%, and South Korea's KOSPI rose by 2.72%.
Rise in US futures
US stock futures traded higher on Friday morning due to the recovery of technology stocks in the Asian session. Dow Jones and S&P 500 futures advanced by 0.14% and 0.08% respectively. Previously, the Dow Jones Industrial Average and S&P 500 closed with gains of 1.08% and 0.33%, and the Nasdaq Composite showed a rise of 0.08%.
Additionally, on the primary market, the second day of subscription for IPOs of Tonbo Imaging India, Zetwerk, Bonfiglioli Transmissions, Sahajanand Medical Technologies, and Shellz India will resume. The final subscription day will also feature the IPOs of Fusion CX and Ravita Engineering Services.