GIFT Nifty Indicates Flat Start as Global Markets Rally on Rate-Cut Bets

Mumbai, October 6, 2025: GIFT Nifty traded almost flat at 25,049 in early trading on Monday, reflecting a steady start for Indian equities after a strong week of gains. The index opened at 24,987, dipping to a low of 24,946.5 and rising to a high of 25,061.5, indicating limited intraday fluctuations. Market movements remained cautious as investors digested mixed signals from global markets.

Global Market Overview

Asian markets exhibited a mixed performance as investors responded to recently relaxed monetary policies and rising investments in artificial intelligence (AI). Japan’s Nikkei surged 4.72%, reaching new highs first among the region, while Taiwan’s index climbed 1.45%. In contrast, Hong Kong’s Hang Seng index slipped 0.89%, reflecting selective market reactions across Asia.

In the US, the Dow Jones Industrial Average advanced 0.51% to 46,758.28, the S&P 500 added marginally, and the Nasdaq slipped 0.28%, reflecting caution amid ongoing uncertainty about the government shutdown. For the week, major US indices posted gains of around 1.1 to 1.3%.

Commodities & Currencies

Gold prices jumped above $3,942.96 per ounce as safe-haven demand surged on the third day of a US government shutdown, amid rising expectations of future Federal Reserve rate cuts. Silver was up by 3.3% for the month.

Crude oil rose over 1% after OPEC+ announced a smaller-than-expected production hike, while the dollar index edged higher to 98.07, retracing some of its recent losses.

Asian currencies traded weaker, with the Japanese Yen and South Korean Won leading the decline against the US dollar. The 10-year U.S. Treasury yield remained steady at around 4.14%.

Domestic Market Snapshot

Back home, the Sensex closed 224 points higher at 81,207.17 on Friday, and the Nifty50 ended 58 points up at 24,894.25, reclaiming the 24,900 mark on strength in metals, financials, and consumer durables. Both indices gained 1% for the week, marking a steady performance ahead of the earnings season.

Fund Flow Action

On October 3, Foreign Institutional Investors (FIIs) sold equities worth ₹1,583 crore, while Domestic Institutional Investors (DIIs) were net buyers of ₹489 crore, demonstrating ongoing domestic support for equities in the face of foreign selling pressure.

Outlook

With GIFT Nifty holding flat near 24,950, the Indian market is poised for a cautious opening today. Global risk appetite remains firm, but traders may prefer a wait-and-watch approach amid mixed cues from the US and elevated gold prices.

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