On Friday, October 31, equity benchmark indices — Sensex and Nifty 50 — are expected to open on a cautious note, following mixed cues from global markets.
Trends on the GIFT Nifty indicate that the Nifty 50 may open higher by 16 points, as the GIFT Nifty was trading 16 points higher at 26,058 around 7:16 AM.
Easing US-China tensions, quarterly earnings for September, and mixed global signals are likely to influence the movement of benchmark indices, Sensex and Nifty, on the week’s final trading day.
In early trade on Friday, Asian markets traded mostly higher, with the Nikkei hitting fresh life-time high, while the US stock market ended lower overnight, weighed down by tech stocks.
On Thursday, foreign portfolio investors offloaded domestic equities worth ₹3,077 crore, adding pressure on the rupee and weighing on overall market sentiment ahead of the weekend trade.
Maruti Suzuki India, Bharat Electronics, Vedanta, Bharat Petroleum Corporation, Bank Of Baroda, Shriram Finance, GAIL India, Godrej Consumer Products, Patanjali Foods, Schaeffler India, Phoenix Mills and Balkrishna Industries will announce their Q2 earnings on October 31.
On Thursday, October 30, Foreign Institutional Investors (FIIs) were net sellers, selling equities worth ₹3,077.59 crore. Domestic Institutional Investors (DIIs) continued their positive stance, buying equities worth ₹2,469.34 crore, marking their sixth consecutive session of net inflows.
On Thursday, October 30, Indian equity benchmarks ended lower as HDFC Bank and Reliance Industries dragged the indices. The decline followed the US Federal Reserve’s rate cut, which came with caution on further reductions in 2025. The Nifty 50 slipped 176.05 points (0.68%) to 25,877.85, while the Sensex fell 368.98 points (0.70%) to 84,404.46. India VIX stayed steady above 12.
Out of 11 sectors, only two closed higher, while the Nifty Pharma index dropped 0.59% due to a 3.89% fall in Dr. Reddy’s after a regulatory setback in Canada. Broader markets mirrored the benchmarks as Nifty Midcap and Smallcap indices also ended in the red. Meanwhile, US President Donald Trump announced a trade truce with China, highlighting an agreement with President Xi Jinping on rare-earth metals and tariffs.
US stocks closed lower on Thursday, with technology shares weighing on the Nasdaq Composite and the S&P 500.
The Dow Jones Industrial Average slipped 109.88 points or 0.23% to 47,522.12, while the S&P 500 dropped 68.25 points or 0.99% to 6,822.34. The Nasdaq Composite fell 377.33 points or 1.57% to end at 23,581.14.
In Europe, the European Central Bank (ECB) left its key interest rate unchanged at 2% for the third consecutive meeting, saying the policy remains “in a good place” as economic risks ease. The ECB has maintained a pause since cutting rates by a total of 2 percentage points through June.
Gold prices advanced, heading for their third consecutive monthly rise. Spot gold increased 0.3% to $4,034 per ounce, up 4.5% for the month, while December gold futures slipped 1.1% to $3,955 per ounce.
The US dollar remained firm after touching a three-month high. The dollar index stayed flat at 99.478.
Crude oil prices weakened, marking a likely third straight monthly decline. Brent crude futures fell 0.40% to $64.74 per barrel, and US West Texas Intermediate (WTI) crude eased 0.43% to $60.31 per barrel.
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