How Does Dalal Street React Overnight? Key Global Factors Affecting Stock Market Today You Should Learn About
Indian stock markets may open cautiously on October 7 as global cues, GIFT Nifty, crude oil prices, Treasury yields, rupee movement and the RBI policy decision shape investor
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Stock Market Today, 7 October, 2026: The Indian stock market is in a turmoil these days. But did you know it is not just the Indian indices that affect the stock market every day? There are several global factors that affect the Indian stock market.
These are stock markets from all over the globe. Every country has its own stock market exchange centre and the biggest player is, of course, Wall Street, the United States stock market.
Not just global factors, there are also domestic factors that internally affect the Indian stock market every day. India equities are set to begin today on a timid note. According to analysts, the GIFT Nifty graph points towards a mildly negative opening.
Investors are watching the RBI Monetary Policy Committee’s decision, which could influence market sentiment and borrowing costs.
On Tuesday, the Sensex and Nifty extended their gains, supported by lower crude oil prices and strong buying in banking and heavyweight stocks.
Globally affecting factors are elevated US Treasury yields, a weaker rupee and mixed Asian markets may limit optimism.
Let’s decode more to have a reference of how Dalal Street changes sentiments overnight.
Key Domestic Factor Affecting The Stock Market Today
RBI MPC, Repo Rate Meeting Today
The Reserve Bank of India pulls one move every quarter, that is the MPC meeting. The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) influences the stock market.
The curious question that arises is, how? Through its interest rate decisions, primarily the benchmark repo rate. The RBI uses its power of changing the interest rate to combat inflation; corporate borrowing costs increase. This can squeeze profit margins and pressure stock prices.
Rate-sensitive sectors like real estate, automobiles, and leveraged NBFCs often face immediate negative sentiment. A rate cut or a decision to hold rates steady can boost liquidity, improve investor sentiment, and lower capital costs.
- RBI MPC Meeting: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) is scheduled to announce its bi-monthly monetary policy decision today, October 7, 2026, at 10:00 AM.
- Press Conference: The announcement will be followed by a press conference at noon.
Also Read: RBI MPC Meeting October 2026: What Happens If Repo Rate Is Hiked, Unchanged Or Cut?
Gift Nifty
You must have always heard GIFT Nifty making a buzz even before the stock market opens. So, GIFT Nifty is a US dollar-denominated futures contract. It is based on the Indian Nifty 50 index.
Traded on NSE IX in GIFT City, it tracks overnight global market cues and investor sentiment, and according to its nature, it gives hints for the future, for the next day to the traders. With the help of GIFT Nifty, market analysts predict the sentiments of the market for the next day.
Since it operates for nearly 21 hours, traders closely watch its early morning movement as a pre-market indicator.
- GIFT Nifty Signal: Today, October 7, 2026, GIFT Nifty signals a negative opening for Indian markets.
- GIFT Nifty Level: The futures were quoted around 22,733, down nearly 40 to 63 points from Tuesday’s Nifty 50 close of 22,776.10.
- Market Sentiment: The movement is setting a cautious tone for Dalal Street.
Aishwarya Samant is a journalist with over 4 years of experience navigating the fast-paced corporate media landscape. She specializes in decoding business news, world economy, personal finance, and stock market trends, often adding a subtle touch of political perspective to keep things interesting.
Having worked with reputed organizations like ZEE, TV9, News24, and NewsX, she is no stranger to the newsroom hustle and the demands of real-time storytelling. Her writing style is fast-paced, engaging, and crafted to connect seamlessly with diverse audiences across platforms. She approaches every story from the reader’s point of view, breaking down complex topics into clear, relatable narratives backed by solid facts and credible sources. While she’s confident in expressing strong viewpoints, she ensures balance with insights. Sharp, fact-driven content that informs, engages, and keeps readers coming back for more.
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