Dalal Street set for a cautious opening

Nifty22, 780.25-360.25. Motilal Oswal Midcap Fund Direct-Growth.

Key points

• Tech View: On the downside, immediate backing is placed at 22, 650-22, 700, below which further correction could extend in the short term.
• Indian benchmark indices began the week on a fragile note, with the Nifty slipping below the 22, 800-mark intraday against the backdrop of broad-based selling.
• Indian benchmark indices opened the week with the Nifty index declining against the backdrop of widespread selling pressures.
• Yields in the US bond market cranked higher Monday and again touched their highest levels in roughly two decades.
• The Economic Times daily newspaper is available online now.

Nifty22, 780.25-360.25. Motilal Oswal Midcap Fund Direct-Growth. The Economic Times daily newspaper is available online now.

D-St set for a cautious opening as GIFT Nifty signals muted start. ETMarkets.comLast Updated: Sep 29, 2026, 07: 17: 00 AM IST.

Indian benchmark indices opened the week with the Nifty index declining against the backdrop of widespread selling pressures. Analysts indicate that a break below 22, 700 could lead to intensified selling, potentially dragging the index towards 22, 400. Meanwhile, the India VIX rose 12.1% to reflect rose market fear levels. While domestic institutional investors were net buyers at Rs 5189 crore, foreign portfolio investors net sold shares worth Rs 5, 353 crore. Listen to this article in summarized format. Unlock AI Briefing and Premium Content. New Year Offer 24 Hours Left. Subscribe Now Already a member? Sign In.

Indian benchmark indices began the week on a fragile note, with the Nifty slipping below the 22, 800-mark intraday against the backdrop of broad-based selling. Analysts say a decisive break below 22, 700 could intensify selling pressure and drag the index towards 22, 400, where the trendline joining the major lows of the past two years and the 200-week EMA provide significant backing. STATE OF THE MARKETS. GIFT Nifty (Earlier SGX Nifty) signals a muted start.

GIFT Nifty on the NSE IX traded lower by 10 points, or 0.04 per cent, at 22, 834.5, signaling that Dalal Street was headed for a muted start on Tuesday. Tech View: On the downside, immediate backing is placed at 22, 650-22, 700, below which further correction could extend in the short term. On the higher end, 23, 000 is projected to act as a robust resistance and may prove tough to reclaim. India VIX: India VIX, which is a measure of the fear in the markets, rose 12.1% to settle at 13.64 levels. Live Events.

While contracts for US stocks edged higher after the S&P 500 erased its advance for the month and the Nasdaq 100 fell 1.1%, equity-index futures for Asia were mixed. US stocks decline.

Yields in the US bond market cranked higher Monday and again touched their highest levels in roughly two decades. It knocked US stocks further from their record high. Gold steadies.

While investors awaited a slew of US economic data, gold steadied on Tuesday but hovered near a more than seven-week low on reservations that the Federal Reserve may keep interest rates higher for longer. Oil rates rise.

Oil rates rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought concerning by US-Iran conflict outweighed signs of recovering crude exports from the region.

For now, dalal Street set for a cautious opening remains the part of the story worth watching, and further updates are likely as more details are confirmed.