The Indian stock market is likely to open on a flat to weak note on Thursday as global cues remain mixed, even as domestic optimism persists after a strong three-day rally.
GIFT Nifty traded around 25,955, nearly 30 points below Nifty futures’ previous close, indicating a muted start for benchmark indices.
On Wednesday, Indian markets extended their winning streak:
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Sensex jumped 595.19 points (0.71%) to 84,466.51
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Nifty 50 rose 180.85 points (0.70%) to 25,875.80
Analysts expect the market to retain a positive bias, supported by healthy earnings, progress on the India–US trade deal, and broadly stable global sentiment.
1. Asian Markets Mixed
Asian stocks traded largely higher:
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Nikkei 225: +0.42%
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Topix: +0.62% (fresh record)
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Hang Seng futures: signaling a lower open
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South Korea: market to open an hour late today
2. GIFT Nifty Indicates Soft Start
GIFT Nifty hovered near 25,955, down ~30 points, hinting at a weak opening for Indian indices.
3. Wall Street Mixed, Dow Hits Another Record
US equities ended mixed overnight:
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Dow Jones: +0.68% (second consecutive record close)
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S&P 500: +0.06%
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Nasdaq: -0.26%
Big movers:
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AMD +9%
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Goldman Sachs, UnitedHealth +3.5% each
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Tesla -2.05%, Amazon -1.97%, Palantir -3.6%, Oracle -3.9%
4. US Government Shutdown Ends
The House passed a short-term funding bill ending the longest government shutdown in US history.
Vote tally: 222–209.
The Senate has already cleared the bill; it now awaits the President’s signature.
5. US Federal Reserve Commentary
Boston Fed President Susan Collins said:
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There is a “high bar” for further rate cuts
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No easing likely unless labor market weakens significantly
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Inflation data is limited due to the shutdown
6. India CPI Inflation Drops Sharply
India’s retail inflation fell to 0.25% in October a record low from 1.44% in September.
A year ago, CPI was 6.21%.
The reading is in line with the 0.3% median forecast in a Mint poll.
7. Cabinet Approves Export Credit Guarantee Scheme
The Union Cabinet cleared the Credit Guarantee Scheme for Exporters (CGSE), extending:
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100% credit guarantee by NCGTC
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Up to ₹20,000 crore additional credit
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Coverage for exporters including MSMEs
8. Japan Inflation Slows
Japan’s wholesale inflation rose 2.7% YoY in October, slightly above expectations but slower than September’s 2.8%.
9. Gold Prices Rise
Gold surged 1.7% to $4,197.43/oz on expectations that the US Fed may eventually ease policy to support growth.
10. Crude Oil Slips Further
Oil prices continued their decline after a sharp 4% fall in the previous session:
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Brent: $62.42 (-0.46%)
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WTI: $58.18 (-0.58%)
Market remains pressured by fears of oversupply.
