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D-Street set for a cautious opening as GIFT Nifty signals muted start

Foreign funds sold $1.1 billion in Indian shares on Wednesday as elevated crude prices and higher bond yields kept selling pressure in place.

  • Indian benchmark indices opened lower on Thursday, October 1, amid persistent supply disruption concerns from West Asia, with the BSE Sensex tanking more than 150 points at the opening bell.
  • Foreign institutional investors dumped shares worth around $1.1 billion on Wednesday, bringing cumulative monthly sales to around $3.8 billion as elevated crude oil prices and weak sentiment squeezed market optimism.
  • Analyst Chouhan noted the Nifty formed a bearish candle on the daily chart, while intraday charts continued to show a "lower-top formation," identifying 22,600-22,550 as crucial support levels.
  • President Donald Trump on Thursday said the US will either "make a deal" or resolve the situation by "maybe by blowing them up," doing little to bolster ceasefire hopes in West Asia.
  • The Reserve Bank of India's Monetary Policy Committee will meet next week, with market participants expecting a 25 basis point repo rate hike as inflationary concerns grow amid elevated energy costs.
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The Hindu Business Line broke the news in Chennai, India on Thursday, September 24, 2026.
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