Mumbai: Indian shares were set to open higher on Friday, October 23, after three sessions of losses, with GIFT Nifty futures trading at 22,830.50 in early indications, The Hindu BusinessLine reported in its live market coverage, while Upstox put GIFT Nifty at 22,821, up 110 points or 0.5%, and Livemint said it traded around the 22,800 level, up nearly 165 points.
Source: The Hindu BusinessLine — Sensex, Nifty Share Prices LIVE, Oct 23, 2026
On Thursday, the BSE Sensex fell 460.30 points, or 0.62%, to close at 73,249.39, and the NSE Nifty 50 dropped 123.70 points, or 0.54%, to settle at 22,687.65, Livemint and BusinessLine reported. Both indices are down about 2% so far this week, BusinessLine said.
Source: Livemint — Stock market outlook today, 23 Oct, Oct 23, 2026
The rebound faces a strong headwind from oil: Brent crude futures were around $113.5 a barrel on concern over further energy disruption after Houthi attacks on top exporter Saudi Arabia, BusinessLine reported, and Upstox said Brent surged as much as 1.35% to a fresh five-month high of $114.7 a barrel. Asian markets traded lower on Friday, with Japan's Nikkei down 2%, China's Shanghai Composite down 2.13%, Hong Kong's Hang Seng down 0.45% and South Korea's Kospi down 2.5%, Upstox reported.
Source: Upstox — GIFT Nifty indicates strong start for Indian markets, Oct 23, 2026
"Recent price action suggests buyers are attempting to defend lower levels, but sellers continue to emerge on rebounds, keeping the market bias cautious," Hitesh Tailor, technical research analyst at Choice Broking, told BusinessLine. Foreign portfolio investors were net buyers of Indian stocks on Thursday with inflows of Rs 1,022 crore (yaani about Rs 10.22 billion), while domestic institutional investors bought a net Rs 1,614 crore (yaani about Rs 16.14 billion), as per NSE provisional data cited by BusinessLine.
Source: The Hindu BusinessLine, Oct 23, 2026
The rupee's recent recovery was also expected to face a test on Friday, with traders expecting it to open at 94.84-94.88 per dollar after settling at 94.8175 on Thursday, BusinessLine reported, citing Reuters. It had climbed to a more than six-week high near 94.30 in the previous session before reversing course.