GIFT Nifty Futures Indicate Positive Opening for Indian Equities

9 September 2025: GIFT Nifty futures indicated a solid beginning for Indian stocks on Tuesday, gaining around 56 points, or 0.23%, to trade at around 24,949 in early morning transactions. The rally indicated an upward bias against Monday’s Nifty 50 close at 24,773.15.

Global Market Cues

Overnight, Wall Street closed higher as the Nasdaq touched a new peak, helped by Broadcom-led gains and hopes of Federal Reserve rate cuts following softer-than-expected US jobs numbers. Asian peers followed the rally, with Japan, Hong Kong, and South Korea indices all moving higher.

Currencies and Commodities

The dollar dollar fell to a seven-week low, propelling Asian currencies headed by the Indonesian Rupiah. Crude oil inched up after OPEC+’s lower-than-anticipated output increase, while gold remained near record levels on rate-cut hopes.

Domestic Market Recap

On Monday, Indian benchmarks closed slightly higher after a volatile day. Sensex rose by 76.54 points to close at 80,787.30, and the Nifty 50 gained 32.15 points to close at 24,773.15. Auto, metal, PSU banks, and oil & gas stocks were the gain leaders, while IT and FMCG shares experienced profit booking.

Institutional Flow Trends

Offshore institutional investors prolonged their sequence of selling to an eleventh day on September 8, selling equities worth ₹2,170.35 crore. Domestic institutional investors, in contrast, continued to be impressive buyers, pumping ₹3,014.30 crore into the market, thus mitigating the effect of FII outflows.

Key Data to Watch

Investors now look to domestic inflation data and subsequent US macroeconomic releases, both of which are likely to offer guidance to central bank policy directions and establish the tone for near-term market momentum.

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