Indian Stock Market: 10 Key Updates That Shaped the Market Over the Weekend — Gift Nifty, US Shutdown Deal, Gold Prices & More
Indian markets may open flat on Monday as global cues stay mixed. Gift Nifty traded near 25,587, while investors tracked progress on the US shutdown, inflation data, and gold price trends.
Asian markets traded higher, and US stock futures gained as lawmakers neared a deal to end the historic US government shutdown.
The Indian stock market is set for a flat opening on Monday, as global cues remain mixed. Gift Nifty was trading around 25,587, nearly 2 points below the Nifty futures’ previous close, signaling a subdued start for the benchmark indices — Sensex and Nifty 50.
🔹 Global Cues at a Glance
Asian markets traded mostly higher on Monday, while US stock futures rose amid optimism that lawmakers are nearing a deal to end the historic 40-day US government shutdown.
Meanwhile, this week’s market sentiment will be shaped by several key factors, including:
- The next batch of Q2 corporate results
- India’s inflation data
- IPO activity and FII flows
- Developments in the India–US trade talks
Gold and crude oil price trends
On Friday, domestic markets extended losses for the third straight session. The Sensex slipped 94.73 points (0.11%) to close at 83,216.28, while the Nifty 50 lost 17.40 points (0.07%) to end at 25,492.30.
“Markets may stay range-bound amid mixed global cues. However, upbeat earnings and progress in India–US trade discussions could provide support,” said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
🔹 10 Things That Changed for the Market Over the Weekend
1. Asian Markets:
Japan’s Nikkei 225 gained 0.63%, Topix rose 0.37%, and South Korea’s Kospi jumped 2.01%. However, Hong Kong’s Hang Seng futures indicated a weaker start.
2. Gift Nifty:
Trading at 25,587, the index suggested a flat opening for Indian equities.
3. Wall Street:
US markets ended mixed on Friday amid valuation concerns in tech stocks, but futures gained Monday after signs of a breakthrough in the US government shutdown negotiations.
Dow Jones: +0.16%
S&P 500: +0.13%
Nasdaq: −0.21%
Notable movers: Tesla (−3.7%), Intel (+2.4%), Expedia (+17.6%), Block (−7.7%), Take-Two (−8.1%).
4. US Government Shutdown:
The US Senate prepared to vote on a bill to reopen the government and extend funding through January 2026, potentially ending the longest shutdown in history.
5. Bank of Japan Policy Minutes:
BoJ policymakers signaled growing support for a near-term rate hike to sustain corporate wage growth momentum, according to Reuters.
6. China Inflation Data:
China’s CPI rose 0.2% YoY in October, rebounding from September’s 0.3% decline, while PPI fell 2.1%, indicating a gradual recovery in domestic demand.
7. US Dollar Index:
The dollar strengthened to 99.74 amid weak global economic data. The yen weakened to 153.82 per dollar, while the euro and pound sterling slipped slightly.
8. Gold Prices:
Gold rose 0.4% to $4,016.92/oz, supported by safe-haven demand amid US economic uncertainty. Prices remain down about 8% from mid-October highs above $4,380.
9. Crude Oil Prices:
Oil prices edged higher on supply concerns and US sanctions on Russia.
Brent: $63.78 (+0.24%)
WTI: $59.93 (+0.30%)
10. FII & DII Flows:
On Friday, foreign institutional investors net bought shares worth ₹4,581.34 crore, while domestic institutional investors bought shares worth ₹6,674.77 crore, signifying continued institutional support for local equities.
