On Tuesday, October 14, equity benchmark indices Sensex and Nifty 50 are likely to open flat, tracking mixed signals from global markets. At 7:15 AM, the GIFT Nifty was trading at 25,316, down 10 points, indicating a muted start for domestic equities.
After market hours on Monday, India’s retail inflation data was released, showing a significant moderation. Retail inflation eased to an over eight-year low of 1.54% in September. In comparison, CPI-based inflation stood at 2.07% in August and 5.49% in September 2024. This is the lowest year-on-year inflation since June 2017.
In early Asian trading, markets displayed a mixed trend, while on Wall Street, U.S. indices closed higher overnight. The Nasdaq posted its sharpest one-day gain since May 27, supported by optimism in technology stocks.
HCL Technologies announced its Q2 results post-market yesterday. HCL Technologies’ net profit in Q2FY26 rose 10.2% QoQ to ₹4,235 crore, while revenue increased 5.2% QoQ and 10.07% YoY to ₹31,942 crore. EBIT grew 3.5% YoY to ₹5,550 crore, while EBIT margin improved by 55 bps QoQ to 17.4%. The IT major announced an interim dividend of ₹12 per share.
Tech Mahindra, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Persistent Systems, Bank of Maharashtra, Indian Renewable Energy Development Agency, Leela Palaces Hotels & Resorts, Thyrocare Technologies, and Cyient DLM will announce their Q2 earnings today.
On Monday, October 13, Foreign Institutional Investors (FIIs) were net sellers. FIIs sold equities worth ₹240.10 crore, ending a 4-day buying streak.
Domestic Institutional Investors (DIIs) were buyers on Monday. DIIs bought equities worth ₹2,333.42 crore, marking their 34th consecutive session of net buying.
On Monday, October 13, Indian equity benchmarks ended lower, breaking a two-day winning streak, as fresh US tariff threats against China weighed on sentiment ahead of India’s retail inflation data.
The Nifty 50 fell 58 points to 25,227.35, while the Sensex declined 173.77 points to 82,327.05. India VIX rose nearly 9% to 11, indicating higher market volatility.
Sectorally, five of 11 Nifty indices ended in the green, while IT stocks slipped 0.78%. Broader markets closed mixed.
Wall Street ended sharply higher on Monday as chipmakers, led by Broadcom, fueled a strong rally after President Donald Trump took a softer tone on U.S.-China trade tensions, calming market worries.
AI-focused technology shares were the main drivers of the rebound, with Broadcom jumping nearly 10% following news of its collaboration with OpenAI to produce the firm’s first in-house AI chips. The Nasdaq logged its strongest one-day gain since May 27.
At the closing bell, the S&P 500 gained 1.56% to 6,654.72, the Nasdaq Composite advanced 2.21% to 22,694.61, and the Dow Jones Industrial Average climbed 1.29% to 46,067.58.
In other global developments, Hamas released the last remaining Israeli hostages from Gaza, while Israel freed Palestinian prisoners as part of a ceasefire deal facilitated by Trump.
Both the US and China are set to impose port fees on ocean shipping companies transporting goods ranging from crude oil to holiday merchandise. China announced that it has begun levying these special charges on vessels that are US-owned, operated, built, or flagged, while ships constructed in China will not be subject to the fees.
Gold prices climbed to new record levels as investors turned to safe-haven assets. Spot gold advanced 0.4% to $4,124.79 per ounce, touching a fresh all-time high of $4,131.52 earlier in the session. Silver also surged, reaching a historic high of $52.5868 per ounce in London, up 0.4%.
The US dollar remained largely stable on Tuesday amid optimism surrounding easing trade tensions between the US and China. The dollar index, which tracks the greenback against major peers, edged up 0.04% to 99.34.
Oil prices moved higher, supported by signs of improving relations between the US and China. Brent crude gained 0.43% to $63.59 per barrel, and US West Texas Intermediate (WTI) futures rose 0.49% to $59.78.
Disclaimer: The article is for informational purposes only and not investment advice.
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