Gift Nifty signals a cautious start to the new trading week
Indian equities are likely to begin Monday’s session on a guarded note despite supportive global cues.
Our Call of the Day: Nifty may drift and struggle for clear direction, with sentiment tempered by renewed FII outflows — overseas investors were net sellers on Friday to the tune of ₹6,769 crore.
Bottom Line: A choppy, range-bound session appears likely as investors weigh the U.S. Fed’s ambiguity on a December rate cut, the ongoing U.S.–India trade negotiations, and the still-muted Q2 earnings season back home.
Dalal Street, for now, may continue to search for firm footing before the next decisive move.
7:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (-35, 25866)
Dow Futures: (+135, 47700)
Nasdaq 100 Futures (+147, 26005)
Nikkei (Closed, 52411)
Hang Seng (+93, 25999)
Dow Jones (+41, 47563)
Nasdaq Composite (+144, 23725)
Bovespa (+760, 149540).
WHAT HAPPENED AT WALL STREET IN FRIDAY’S TRADE:
Wall Street ends Friday’s session with impressive gains as Amazon.com’s turns major outperformer post its robust results.
Amazon shares (+10.8%) rose after the company said cloud revenue climbed 20% in the third quarter and beat estimates, lifting tech names broadly.
As on Friday’s close, the Dow Jones Industrial Average was up 0.09% at 47,562, the broader S&P 500 was 0.3% higher at 6,840, and the tech-heavy Nasdaq Composite had added 0.6% to 23,724. For the month, the benchmarks rose between 2.5% and 5%
On a monthly basis in October, the three indexes at Wall Street, Dow Jones Industrial Average, the Nasdaq and the S&P 500 Index gained 2.42%, 4.26% and 1.92% respectively.
Meanwhile, In the US, the government shutdown shows no signs of resolution and is likely to extend into a second month, further delaying the release of key economic data.
Gold prices ($3975 per ounce) slipped below the psychological 4000 mark as the rebound proved to be short-lived amidst profit booking.
This Monday, WTI crude oil futures rose to $61.3 per barrel marking a fourth straight session of gains, after OPEC+ said it will pause production increases in the first quarter of next year after one more boost next month.
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