Mumbai, Nov. 3 -- GIFT Nifty:

GIFT Nifty November 2026 futures surged 284 points, pointing to a strong opening for the Nifty 50.

Investor sentiment strengthened after the US and Iran indicated a willingness to resume peace negotiations, easing concerns over potential disruptions to oil supplies.

Brent crude futures slumped 7.6% to settle at $104.77 a barrel on Monday as hopes of a diplomatic breakthrough grew. Reports suggested that Washington and Tehran were maintaining contacts to end the eight-month conflict. However, uncertainty over the negotiations and the possibility of further military action continue to pose risks to energy markets.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 3,114.68 crore...