# Nifty Signals Positive Market Start

> GIFT Nifty rises 0.39% as Indian markets prepare for positive opening.
- Title: Nifty Signals Positive Market Start · The Economic Times
- Summary: GIFT Nifty rises 0.39% as Indian markets prepare for positive opening. GIFT Nifty gained 90 points to 23,078, signaling a positive start for Indian equities…
- Keywords: nifty, gift nifty, sensex, indian equities, market sentiment, nifty close, nifty open, money, business, Signals, Positive, Market
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/d-st-set-for-a-positive-opening-as-gift-nifty-signals-firm-start/articleshow/134979937.cms
- Author: Akash Podishetti
- Published: 2026-10-16T01:40:00+00:00
- Read time: 1 min
- Topics: nifty, gift nifty, sensex, indian equities, market sentiment, nifty close, nifty open, money, business
## Nifty Signals Positive Start
GIFT Nifty rose 90 points to 23,078, signaling a positive market opening for Friday.

> GIFT Nifty on the NSE IX traded higher by 90 points, or 0.39 per cent, at 23,078, signaling that Dalal Street was headed for positive start on Friday.
## Nifty Closes Above 23,000
Nifty gained 1.7% to close at 22,997, improving domestic sentiment and signaling firm market start.

> The Nifty gained 1.7% to close at 22,997, while the Sensex surged 2.1% to 74,140.
## Market Sentiment Improves
Resilient domestic demand, strong tax collections, and Q2 earnings season support positive market outlook.

> The Nifty’s move back above 23,000 has improved domestic sentiment, while resilient domestic demand, strong tax collections and the ongoing Q2 earnings season provide a positive backdrop.
## US Stocks End Higher
Dow and S&P 500 ended higher after investors shifted into healthcare and consumer stocks.

> The Dow, S&P 500 ended higher on Thursday, springing back from early losses as investors concerned about AI stocks shifted into Eli Lilly, UnitedHealth and other healthcare and consumer stocks.
## Asian Markets Rise
Asian equities rose as dip buyers stepped in following chip-stock selloff concerns.

> Asian equities rose, tracking gains on Wall Street as dip buyers stepped in following a chip-stock selloff fueled by concerns about the artificial intelligence trade.
## Dollar Dips
Dollar headed for first weekly fall in five weeks as euro rose from 17-month low.

> The dollar headed for its first weekly fall in five weeks on Friday, lifting the euro from a 17-month low as wobbles in AI investment and drop in US yields put the brakes on recent gains.
## Market Consolidation Expected
Analysts predict Indian equities will consolidate within a broader range with intermittent recoveries.

> Analysts say Indian equities are likely to consolidate within a broader range in the near term, with intermittent recoveries and bounds of selling pressure.
## Key takeaway

GIFT Nifty gained 90 points to 23,078, signaling a positive start for Indian equities as Nifty closed above 23,000.