Pre-Market Report: Indian Equities Eye Positive Opening on Favorable Global Cues — October 5, 2026

Global Market Cues

Global equities exhibited resilience heading into the new week, driven by solid economic data out of the United States. Wall Street finished Friday on a strong note after the latest US non-farm payrolls report underscored labor market health while keeping rate expectations balanced.

Asian markets traded with a positive bias early Monday morning, tracking overnight US cues. Meanwhile, commodities presented a cautious picture:

• Brent crude traded near the $103/barrel mark as markets continued monitoring Middle East supply developments and US-Iran diplomatic chatter.
• Gold held steady as elevated US Treasury yields balanced its safe-haven appeal.
• The US Dollar Index remained firm, influencing emerging market currency trajectories.

GIFT Nifty and Domestic Cues

Trading on the NSE International Exchange indicates a gap-up opening for domestic benchmarks. As of early morning, GIFT Nifty was up over 130 points, pointing to a start near the 22,550–22,600 band for the Nifty 50.

Indian markets resume trading today after the extended weekend for Gandhi Jayanti on October 2. The Nifty closed the previous session on October 1 at 22,421.95.

• Key Resistance: 22,600 remains a crucial psychological and technical hurdle. A sustained move above this level could lead to 22,700–22,800.
• Key Support: Downside supports are pegged at 22,400 and 22,325.
• Institutional Activity: Foreign Institutional Investors (FIIs) remained heavy net sellers in prior sessions, offloading equities worth over ₹9,000–10,000 crore, while Domestic Institutional Investors (DIIs) offered robust countervailing support with substantial net inflows.

Key Stocks in Focus

• Infosys: Expanded its strategic partnership with ABN AMRO to accelerate AI-driven digital transformation and modernize the bank’s IT and core banking infrastructure.
• Aurobindo Pharma: In the spotlight following the commercial launch of ADQUEY in the US market through its biopharmaceutical subsidiary, Acrotech Biopharma.
• NCC: Announced receipt of multiple new orders totaling over ₹500 crore across its transportation and building construction divisions.
• Oil & Gas Stocks (ONGC, Oil India): High Brent crude prices remain a focal point for upstream and downstream energy counters.

Key Events to Watch Today

• RBI Monetary Policy Expectations: Market participants will increasingly price in commentary and positioning ahead of the upcoming Reserve Bank of India policy meeting.
• FII/DII Flow Dynamics: Watch whether the gap-up open invites fresh FII short covering or triggers profit booking at higher levels.
• Currency & Crude Fluctuations: The Indian Rupee's opening against the US dollar and Brent crude fluctuations will dictate intraday sentiment across rate-sensitive sectors.

Tags: Pre-Market Stock Market Nifty Sensex Market Update