On Thursday, October 9, equity benchmark indices Sensex and Nifty 50 are expected to open on a positive note, tracking gains in global markets as geopolitical tensions in the Middle East eased after Israel and Hamas agreed to a ceasefire to end the Gaza conflict. At 7:12 AM, the GIFT Nifty was trading at 25,151, up 58 points.
In early trade, Asian markets were trading higher, while US indices closed mostly in the green overnight, with the S&P 500 and Nasdaq hitting record closing highs.
IT stocks are likely to remain in focus as investors await the quarterly(Q2FY26) earnings of TCS, scheduled to be announced later today.
On Wednesday, October 8, Foreign Institutional Investors (FIIs) were net buyers. FIIs bought equities worth ₹81.28 crore, marking their second consecutive day of buying.
Domestic Institutional Investors (DIIs) were buyers on Wednesday. DIIs bought equities worth ₹329.96 crore, marking their 31st consecutive session of net buying.
On Wednesday, October 8, Indian equity benchmark indices ended lower, snapping a four-day winning streak.
At close, the Nifty 50 declined 62.15 points, or 0.25%, to 25,046.15, while the Sensex slipped 153.09 points, or 0.19%, to 81,773.66, dragged mainly by Reliance Industries and HDFC Bank.
Heavyweight financials and banking stocks, represented by Nifty Financial Services and Nifty Bank, fell 0.39% and 0.42%, respectively, after a six-day rise. The Nifty IT index was the only sectoral gainer, up 1.51%, ahead of TCS’s quarterly results, with TCS shares gaining 1.8%.
Meanwhile, broader markets underperformed, as Nifty Midcap and Nifty Smallcap indices declined by over 0.50%.
US equities closed higher on Wednesday, supported mainly by strength in technology stocks, as investors turned to the Federal Reserve’s latest meeting minutes for direction amid a lack of economic data due to the ongoing government shutdown.
The Nasdaq led the gains, fueled by advances in major artificial intelligence-related stocks that have driven much of this year’s market momentum. The Dow Jones Industrial Average slipped marginally by 1.20 points to 46,601.78, while the S&P 500 added 39.13 points, or 0.58%, to end at 6,753.72. The Nasdaq Composite rose 255.02 points, or 1.12%, to settle at 23,043.38.
The S&P 500 and Nasdaq both finished at new record highs, whereas the Dow ended nearly flat. With limited data releases, attention shifted toward the upcoming third-quarter earnings season and insights from the September FOMC minutes. The minutes reflected a divided view among Fed officials — some flagged softening in the labor market, while others remained focused on inflation trends. Although most policymakers supported potential rate cuts later this year, the exact timing and pace remained unclear.
The US dollar rose to its strongest levels in six weeks. Against a basket of currencies, the dollar was little changed at 98.77.
Gold falls in the early Asian trade on possible profit-taking after front-month gold futures gained 1.7% to close at $4,043.40/oz on Wednesday, a new record. On October 8, Gold futures on MCX hit a new all-time high, closed at ₹1,23,209 per 10 gm, up by ₹2,098 or 1.73%.
WTI crude oil futures fell to around $62 per barrel and Brent crude oil futures fell below $66 per barrel on Thursday, paring recent gains as news of an Israel-Hamas agreement to end the Gaza conflict eased the risk premium.
Disclaimer: The article is for informational purposes only and not investment advice.
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