The strong global cues and the optimism regarding the possible US-China trade agreement led to the prediction that Indian equity markets would open higher on Tuesday. The Gift Nifty was up 53 points at 26,066, which indicated a good start for both Sensex and Nifty 50.
Indian indices continued to rise on Monday, the Sensex increasing by 566.96 points (0.67%) to 84,778.84, and the Nifty 50 rising by 170.90 points (0.66%) to 25,966.05; these were the gains that came along with the global market’s strength and the drop in precious metal prices.
According to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd., “Global optimism surrounding US-China trade talks and hopes of a Fed rate cut have all contributed to the investor sentiment being overly positive and this coming right at the time of the October series expiry.”
Here are the eight major market updates traders should know before today’s opening bell:
1. Gift Nifty Signals Bullish Start
The Gift Nifty was up 53 points at 26,066, indicating a strong and upbeat opening for Indian benchmarks.
2. Asian Markets Mixed as Trump Meets Japan’s PM Takaichi
Asian stocks traded mixed as investors awaited updates from the Trump–Takaichi meeting in Tokyo, focused on trade and security cooperation.
- Nikkei 225: -0.27%
- Topix: -0.61%
- Kospi: -1.2%
- Kosdaq: -0.6%
Meanwhile, Hang Seng futures indicated a mildly positive open in Hong Kong.
3. Wall Street Hits Fresh Record Highs
US markets extended their rally for a second straight session amid trade optimism and Fed rate cut expectations.
- Dow Jones: +0.71% (47,544.59)
- S&P 500: +1.23% (6,875.16)
- Nasdaq Composite: +1.86% (23,637.46)
Top gainers included Tesla (+4.31%), Nvidia (+2.81%), Apple (+2.28%), and Qualcomm (+11%).
4. Trump–Takaichi Talks Focus on Trade & Defense
In her first major diplomatic engagement, Japan’s new Prime Minister Sanae Takaichi met with Donald Trump in Tokyo. Discussions centered on trade ties, regional defense, and security, with markets awaiting further policy signals.
5. China–ASEAN Upgrade Free Trade Pact
China and ASEAN nations have agreed to strengthen their Free Trade Agreement, incorporating digital trade, green economy, and technology collaboration — a move seen as boosting regional sentiment.
6. Gold Trades Near 2-Week Low
Gold prices remained under pressure amid strong equities and risk-on sentiment.
- Spot Gold: $3,981.67/oz
- US Gold Futures (Dec): down 0.6% to $3,996.50/oz
7. Crude Oil Prices Ease
Oil prices dipped slightly as concerns over slowing demand outweighed geopolitical risks.
- Brent Crude: down 0.02% to $65.61/barrel
- WTI Crude: down 0.10% to $61.25/barrel
8. Dollar Weakens Slightly
The US Dollar Index edged down 0.1% to 98.66, while the yen held at 152.35 per dollar. The euro strengthened modestly to $1.1659, staying within its recent range.
Market Outlook
Analysts expect Indian markets to maintain upward momentum, backed by positive global trends and rate-cut optimism. However, traders remain cautious ahead of the monthly derivatives expiry later this week.
