GIFT Nifty Signals Cautious Start amid Mixed Global Cues

Mumbai, Oct 23, 2025: The Indian stock market and all the included indices are expected to open on a cautious note today, on October 23. This is indicated by Gift Nifty, which is 0.14%, or 38.00 points lower, and is currently trading at 26,250, as of 8:30 AM. Until now, the index has traded within a range of 26,284.50 and 26,233.50. This comes after the overall sentiment during the Muhurat Trading session was flat as the Sensex closed at 84,426.34 (+0.07%) and the Nifty 50 closed at 25,868.60 (+0.10%).

Asian Equities Lower While Dow Jones in Red

Asian equities have opened lower and are trading in the red in the early market session today. This comes as a result of the Dow Jones’ negative and volatile session overnight. Dow Jones fell by 0.71%, the S&P 500 by 0.53%, and the Nasdaq by 0.93%.

The negative performance in the U.S. was a result of investors becoming cautious due to flat Q2 earnings and concerns that the US may impose new trade restrictions on software exports to China.

In other markets, US Treasury yields performed stably, with the 10-year yield at 3.95%. On the other hand, the Dollar Index was unchanged, but weakness was seen in Asian currencies like the Japanese Yen and Thai Baht. Crude Oil prices continued their positive run and rose by more than $1 per barrel. However, gold prices fell for the third consecutive day as investors rushed to book profits.

FIIs Net Buyers, While DIIs Net Sellers

On October 21, Foreign Institutional Investors (FIIs) turned net buyers and purchased Indian equities worth ₹96.72 crore. On the other hand, Domestic Institutional Investors (DIIs) became net sellers and sold Indian equities worth ₹607.01 crore.

Cautious Start Expected Today

With the Gift Nifty falling marginally and DIIs becoming heavy net sellers, the Indian stock market is expected to open on a cautious tone. It may see negative pressure from the flat performance of Asian equities and Dow Jones. Investors will be tracking Q2FY26 earnings and other intraday factors for trading cues.

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