New Delhi

GIFT Nifty climbed nearly 1.19 per cent on Tuesday as of 12.45 pm, indicating a positive opening for Indian equities when trading resumes, supported by easing crude oil prices and improving global sentiment. Indian stock markets remained closed on Tuesday for Diwali Balipratipada, following a session on Monday in which benchmark indices recovered from early losses to finish at their highest levels in over eight months.

At around 10:30 am, GIFT Nifty was trading 141 points, or 0.57 per cent, higher at 25,257. Brent crude futures remained below $100 per barrel and hovered near their lowest levels since early September amid hopes of possible dialogue between the United States and Iran.

Nifty gained 0.23 per cent to close at 25,044 in the previous trading session, while the Sensex rose 0.13 per cent to 81,106. Both benchmarks ended at their highest levels since February 27, 2026. The benchmark indices had surged about 10.5 per cent over seven consecutive sessions through Friday, marking their longest winning streak of the year. The gains were supported by strong foreign fund inflows, falling crude oil prices and an unwinding of the global artificial intelligence trade.

Many major Asian markets advanced after a decline in crude oil prices. The fall in oil prices followed US President Donald Trump’s announcement about plans to hold off fresh military strikes against Iran.