Indian benchmark indices are likely to open higher on October 16, tracking positive cues from GIFT Nifty, which was trading 85 points higher at around 23,073.50 in early trade.

The Sensex and Nifty 50 rallied around 1.5 percent each on Thursday, driven by strong buying across auto, IT and private banking stocks, along with Reliance Industries, following the announcement of the Jio Platforms IPO.

On Thursday, the 30-share benchmark index ended at 74315.61 up by 1533.72 points or by 2.11 % and then NSE Nifty was at 22997.35 up by 374.65 points or by 1.66 %.

On the global front, Asia-Pacific markets were trading higher as investors rushed to buy chip stocks at attractive levels following days of a slump amid concerns over the AI trade. Japan’s Nikkei 225 and South Korea’s KOSPI rose 1.8 per cent and 2.72 per cent, respectively. Overnight, the Dow Jones Industrial Average and the S&P 500 settled 1.08 per cent and 0.33 per cent higher, respectively. The Nasdaq Composite ended 0.08 per cent higher.

Back home, Top traded Volumes on NSE Nifty – HDFC Bank Ltd. 37365177.00, Kotak Mahindra Bank Ltd. 32710771.00, Reliance Industries Ltd. 23456219.00, ITC Ltd. 22784367.00, Eternal Ltd. 18503817.00,

On NSE, total number of shares traded was 522.06 Crore and total turnover stood at Rs. 119050.63 Crore. On NSE Future and Options, total number of contracts traded in index futures was 120298 with a total turnover of Rs. 18478.41 Crore. Along with this total number of contracts traded in stock futures were 1237855 with a total turnover of Rs. 82557.60 Crore. Total numbers of contracts for index options were 86377016 with a total turnover of Rs. 12904227.01 Crore. and total numbers of contracts for stock options were 8646372 with a total turnover of Rs. 590309.68 Crore.

The FIIs on 15/10/2026 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 17250.65 Crore and gross debt purchased stood at Rs. 99.47 Crore, while the gross equity sold stood at Rs. 18352.78 Crore and gross debt sold stood at Rs. 480.66 Crore. Therefore, the net investment of equity and debt reported were Rs. -1102.13 Crore and Rs. -381.19