GIFT Nifty Points to Firm Start; Global Cues Mixed as Traders Eye U.S.–China Developments

Mumbai, October 13: The Indian stock market and all included indices are expected to open on a steady and positive note today. The steady and positive start is indicated by Gift Nifty, which is up by 0.42%, or 106.50 points, and is trading at 25,319, as of 8:30 AM.

Sesex and Nifty Closed Higher

On October 10, the BSE Sensex closed 328.72 points (0.40%) higher at 82,500.82, while the NSE Nifty 50 jumped 103.55 points (0.41%) to close at 25,285.35. Nifty crossed the 25,300 mark intraday for the first time since September 19. The positive performance was driven by strong banking and pharmaceutical stocks.

FIIs Remained Net Buyers

On October 10, Foreign Institutional Investors (FIIs) continued to be net buyers and bought Indian equities worth ₹459 crore. On the other hand, Domestic Institutional Investors (DIIs) supported FIIs with an inflow of ₹1,707.83 crore.

Global Cues: Trade Jitters Ease After Trump’s Comment

Asian markets are trading mixed in the early morning session today, as investors are cautious about the tensions between the US and China. Wall Steer also closed lower on October 10, as trade tariffs escalated. However, the sentiments remain positive after Trump posted a reassuring post on Truth Social about the trade war de-escalation.

Trump wrote: “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!”

• Dow Jones Industrial Average: down 1.9% to 45,479.60
• S&P 500: down 2.71% to 6,552.51
• Nasdaq Composite: down 3.56% to 22,204.43

On the commodities front, Brent Crude was up 0.87%, while WTI was up 0.86%. Gold also rose 0.5%, near its record high last week, with silver prices also rising.

Steady Start Expected

As indicated by Gift Nifty, the stock market is expected to post marginal gains at the market start, supported by healthy institutional flows. However, intrday factors such as more trade war escalation can negativelly affect the market today. Inesvtors will be closely watching such factors for further cues.

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