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Gift Nifty indicates gap-up start for Oct 23; Nifty may target fresh record above 26,277
GIFT Nifty futures point to a strong market open Oct 23, with Nifty’s all-time-high near 26,277 in sight.
The derivatives benchmark GIFT Nifty is signalling a gap-up start for Indian markets on October 23, with futures trading around 26,280 (approx +1.56%) ahead of open. The momentum follows positive cues including renewed foreign inflows and hopes of a favourable US-India trade deal that could reduce Indian export tariffs to 15-16%. Analysts see a strong probability of the Nifty 50 breaching the previous all-time high near 26,277, with support placed around 25,700.