GIFT Nifty signalled a positive opening for Indian benchmarks Nifty 50 and Sensex on October 27, suggesting a strong start to the week. Optimism stemmed from easing US-China trade tensions and expectations of a Federal Reserve rate cut following softer inflation data, which fuelled a rally in global equities. At 7:40 a.m., the GIFT Nifty traded at 25,910—up 45 points or 0.2%.
On Friday, all three major US indices closed at record highs, supported by lower inflation and solid corporate earnings. The S&P 500 and Nasdaq posted their biggest weekly gains since August, while the Dow saw its largest rise since June—advancing 1.01%, 0.79%, and 1.15%, respectively.
Asian markets also opened higher on Monday amid reports that US and Chinese trade negotiators reached preliminary agreements on key issues, paving the way for Presidents Donald Trump and Xi Jinping to finalise a deal covering tariffs, technology exports, and rare-earth supplies.
For Nifty 50, strong support lies between 25,700–25,660, with 25,830 as the intraday pivot and 25,950 as the key breakout level. According to Ponmudi R, CEO of Enrich Money, a close above 25,950 could spark a rally toward 26,200–26,400, while dips near 25,600 may attract renewed buying interest.
