# GIFT Nifty signals weak market start

> GIFT Nifty opens lower as oil prices rise and crude crosses $110.
- Title: GIFT Nifty signals weak market start · The Economic Times
- Summary: GIFT Nifty opens lower as oil prices rise and crude crosses $110. GIFT Nifty fell 38.5 points to 22,690, signaling a negative market start amid rising oil…
- Keywords: gift nifty, brent crude, nifty, oil prices, crude prices, india vix, f&o ban, money, business, GIFT, signals, weak
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135102916.cms
- Author: Akash Podishetti
- Published: 2026-10-22T00:30:00+00:00
- Read time: 1 min
- Topics: gift nifty, brent crude, nifty, oil prices, crude prices, india vix, f&o ban, money, business
## GIFT Nifty signals weak start
GIFT Nifty traded lower by 38.5 points, or 0.17 per cent, at 22,690.
## Key support level for Nifty
Analysts say 22,650, 22,700 is a crucial support zone around the 200-WMA.
## Brent crude crosses $110
Brent crude moved above $110, contributing to market selling pressure.
## India VIX rises
India VIX rose 6% to settle at 15.68 levels, indicating increased market fear.
## Asian markets mixed
Asian shares mixed with South Korean stocks falling 0.2% and Japanese stocks edging higher.
## F&O ban today
Ambuja Cement, Kaynes, and SAIL Securities are banned in F&O segment due to crossing 95% market-wide position limit.
## Foreign portfolio investors
Foreign portfolio investors net bought shares worth Rs 1,022 crore on Wednesday.
## Key takeaway

GIFT Nifty fell 38.5 points to 22,690, signaling a negative market start amid rising oil prices and Brent crude surpassing $110.