Gift Nifty Today: Markets Set to Open Lower as Crude Surges Amid West Asia Tensions

Written by: Team Angel OneUpdated on: 7 Apr 2026, 1:07 pm IST
Gift Nifty traded lower, signalling a weak start for Indian markets, while crude oil prices surged above $110 amid rising geopolitical tensions.
Gift Nifty Today
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Indian benchmark indices, Sensex and Nifty 50, are likely to open on a negative note on Tuesday, tracking weak signals from Gift Nifty and rising geopolitical concerns in West Asia. 

Investor sentiment remains cautious as global markets react to escalating tensions and uncertainty surrounding key geopolitical developments. 

On Monday April 6, 2026, domestic equity markets ended on a strong note. The Nifty 50 gained 255 points, or 1.12%, to close at 22,968, while the Sensex advanced 787 points, or 1.07%, to settle at 74,107. 

Gift Nifty Signals Weak Opening 

Gift Nifty was trading lower by 79 points, or 0.34%, near the 22,922 mark, indicating a likely gap-down start for Indian benchmark indices. 

Trump’s Renewed Threats Raise Concerns 

US President Donald Trump has renewed warnings against Iran, threatening potential strikes on critical infrastructure if the Strait of Hormuz is not reopened. The developments have heightened geopolitical tensions and contributed to market uncertainty. 

Asian Markets Trade Higher 

Asian markets opened on a positive note, tracking overnight gains on Wall Street. Japan’s Nikkei 225 rose 0.35%, while the Topix gained 0.62%. South Korea’s Kospi advanced 1.5%, and the Kosdaq added 0.5%. Hong Kong markets remained closed due to the Easter holiday. 

US Futures Show Mixed Trend 

US equity futures traded mixed on Tuesday morning. Futures linked to the S&P 500 were marginally lower, while Nasdaq 100 futures declined around 0.2%. Dow Jones Industrial Average futures edged higher by 45 points, reflecting a cautious global outlook. 

Read More: Trent Share Price Rises 5%; Reports 20% Revenue Growth in Q4 FY26! 

Crude Oil Prices Surge 

Crude oil prices continued to rise sharply amid geopolitical concerns. West Texas Intermediate (WTI) crude traded above $113 per barrel, while Brent crude hovered near $110, raising inflationary concerns and adding pressure on global markets. 

FII and DII Activity 

Foreign institutional investors (FIIs) remained net sellers, offloading equities worth Rs 7,839.62 crore. In contrast, domestic institutional investors (DIIs) provided support, purchasing shares worth Rs 7,950.01 crore. 

US Dollar Holds Steady 

The US Dollar Index (DXY) edged up 0.05% to 100.04, indicating a stable dollar against a basket of major currencies. Meanwhile, the Indian rupee appreciated slightly by 0.05% to close at 93.06 against the US dollar. 

Conclusion 

Rising crude oil prices, geopolitical tensions in West Asia and weak Gift Nifty signals are likely to keep market sentiment subdued in early trade, although global cues remain mixed. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Apr 7, 2026, 7:35 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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