Indian equities poised to snap five-day losing streak as oil prices retreat

GIFT Nifty futures trade at 23,974, signaling a positive open for Indian benchmarks. The reversal is driven by a sharp decline in crude oil, which eases input-cost pressures for the energy-importing economy.

By Handelsavisen Newsroom · Automated 2026-07-27 02:53 UTC · 1 min read

Indian equity benchmarks are set to open higher on Monday, aiming to break a five-session losing streak that has weighed on investor sentiment.

The positive outlook is supported by upbeat global market cues and a notable decline in crude oil prices, which has helped stabilize risk appetite across emerging markets.

GIFT Nifty futures, the key pre-market indicator for Indian equities, were trading at 23,974.50.

This level suggests a premium opening for the Nifty 50 index, providing a potential relief rally after days of sustained selling pressure.

The move reflects a broader cross-asset reaction to easing energy costs, which are a critical input for India’s manufacturing and transportation sectors.

The retreat in oil prices serves as a tailwind for Indian equities, particularly for sectors sensitive to fuel costs such as aviation, logistics, and chemicals.