The GIFT Nifty index has risen significantly, reflecting a positive market sentiment as geopolitical tensions ease. This shift comes after a turbulent period for Indian equities.
GIFT Nifty Sees Significant Gains
The GIFT Nifty index experienced a notable increase of 392.50 points, or 1.63%, reaching 23,405.50 on March 10, 2026. This surge indicates a gap-up opening for the Indian stock market, a stark contrast to the previous day’s sell-off triggered by escalating geopolitical tensions.
Asian markets rebounded on this day, buoyed by a decline in crude oil prices, which fell from around $100 per barrel to nearly $92, marking an intraday drop of almost 6%. This easing of energy price concerns has contributed to a more optimistic outlook for investors.
The previous day, the Indian stock market faced significant challenges, primarily due to the escalating US-Iran war, which had led to a surge in global crude oil prices. As a result, the India VIX, a measure of market volatility, spiked to 23.59, reflecting a more than 70% increase in just a week as geopolitical risks intensified.
Despite the positive movement in the GIFT Nifty, the market’s overall structure remains fragile. Nagaraj Shetti, a Senior Technical Research Analyst at HDFC Securities, noted that the bearish chart patterns, characterized by lower tops and bottoms on both daily and weekly charts, are still intact. This suggests that while there is a short-term recovery, long-term stability is still uncertain.
In terms of market participation, provisional data indicated that Foreign Portfolio Investors (FPIs) turned net sellers of domestic stocks, offloading shares worth Rs 6,345.57 crore on Monday. Conversely, Domestic Institutional Investors (DIIs) stepped in as net buyers, acquiring Indian equities valued at Rs 9,013.80 crore. This divergence in investor behavior highlights the complex dynamics at play in the current market environment.
Hariprasad K, a SEBI-registered Research Analyst, commented on the situation, stating, “Indian equity markets are poised for a positive start as global risk sentiment improves following signs that geopolitical tensions in the Middle East may be nearing de-escalation.” This sentiment is crucial as it reflects a broader recovery trend that could influence market movements in the coming days.
As the GIFT Nifty continues to show resilience, market participants are closely monitoring developments in the geopolitical landscape and their potential impact on global and domestic markets. The situation remains fluid, and while there are signs of recovery, uncertainties persist regarding the sustainability of this upward trend.
Details remain unconfirmed regarding the long-term implications of these market movements, particularly in light of ongoing geopolitical tensions and their effects on investor sentiment.
