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Context from Wikipedia on the organisations, people and places in this story.
Indian stock market index
GIFT Nifty is a USD‑denominated stock index futures contract traded on the NSE International Exchange within GIFT City, Gujarat, India. It was launched on 3 July 2023 following the migration of the Singapore Exchange's Nifty derivatives to India under a connectivity arrangement between Singapore Exchange (SGX) and the National Stock Exchange of India (NSE).
More on Wikipedia ↗US equity futures were trading higher, indicating a largely elevated open on October 13 with a marginal pullback in oil prices, easing Treasury yields, and banking earnings in focus on Wall Street.
Asian markets traded mixed, while the US stock market ended higher last week. Crude oil prices slipped, with the Brent oil below $103 a barrel.
Nifty 50 closed at 22,363.35 (-0.70%) and Sensex at 71,924.68 (-0.76%) in the previous session. GIFT Nifty indicates a flat to slightly positive opening at 22,426.50 (+0.02%). FIIs sold net ₹1,708.48 crore, while DIIs bought net ₹3,045.02 crore. Nikkei 225 plunged 2.56%, weighing on Asian sentiment, while Dow Jones…