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Informist, Thursday, Oct. 1, 2026

By Adhithya Aji

MUMBAI – Benchmark indices are expected to open in green Thursday as crude oil prices fell below the psychological mark of $100 per barrel. The fall in crude oil prices is an essential factor for equity markets to see some gains as the indices find themselves in an oversold territory, according to analysts. Information technology shares will be in focus ahead of Accenture August quarter earnings. Most Asian indices opened higher Thursday while Wall Street indices ended on a mixed note. 

The November futures of Brent crude were at $97.97 per barrel, down 0.1%. The crude oil prices fell below the psychological mark of $100 per barrel after six sessions. Signs of rising crude oil exports from West Asia led the fall in crude oil prices. The exports from the region have been growing strongly over the week, with some estimates showing the outflows nearing the levels before the US-Iran war, Dow Jones reported, citing ANZ Research. However, this level is not enough for the markets to take a breath, as crude prices were over 34% higher than the levels before the US-Iran war. The sentiment for Indian indices may improve Thursday as high crude oil prices pulled down the markets for three consecutive session this week. 

Information technology shares will be the centre of attraction Thursday ahead of IT bellweather Accenture's August quarter results. Investors will focus on the company's 2027 outlook as the advancement in artificial intelligence technology weighed down on Accenture's stock, Dow Jones reported. The American Depository Receipts of Wipro rose over 2% and Infosys was up 1% overnight. For the September quater, information technology companies are expected to report subdued results. "Discretionary spending remains restrained, with clients adopting a cautious spending approach amid macro uncertainty," Emkay Global Financial Services said in a report.

At 0801 IST, the October futures of GIFT Nifty were 0.3% lower at 22589.50, indicating a muted start for the Nifty 50. Wednesday, the Nifty 50 ended 0.4% lower at 22620.45. The 50-stock index reached the price support zone of 22500-22400 levels, said Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market. "The possibility of a bounce-back rally towards 22850 spot levels cannot be ruled out at this juncture," Kumar said. However, the overall market breath is negative as long as the index is trading below 23000-23100 on a closing basis, he added.

Foreign institutional investors were net sellers of Indian equity for the fifth consecutive session. Wednesday, investors sold Indian shares worth INR 101.48 billion. Meanwhile, domestic players continued their active participation. They bought equity shares worth INR 112.72 billion Wednesday.

On the global front, most Asian indices opened higher, with Japan's benchmark index Nikkei 225 leading the gains in the region. The tech-heavy index was up over 2%. Wall Street indices ended mixed, S&P 500 closed 0.3% lower and Dow Jones Industrial Average ended 0.9% lower. Meanwhile, Nasdaq Composite closed 0.2% higher.  End

US$1 = INR 95.83

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Akul Nishant Akhoury

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