GIFT Nifty Suggests Cautious Start as Global Cues Remain Mixed

Mumbai, September 30, 2025: Indian markets are likely to witness a muted start on Tuesday, with the GIFT Nifty trading at ₹24,650, up ₹37 points (0.15%). This subdued opening follows a volatile session on Monday, where both the Sensex and Nifty ended in the red for the seventh consecutive day.

The Sensex ended on Monday down ₹73.80 points (0.09%) to ₹80,294.40, while the Nifty50 was down ₹11.00 points (0.045%) to ₹24,623.90, pulled lower by continued foreign investor selling ahead of the Reserve Bank of India’s policy review on Thursday.

FIIs Continue to Exit, DIIs Step In

For the sixth consecutive day on September 29, Foreign Institutional Investors (FIIs) were net sellers, selling stocks worth ₹2,805.34 crore. Conversely, Domestic Institutional Investors (DIIs) provided support as net buyers, with the total purchase amounting to ₹3,690.06 crore.

Global Market Signals

US equities rose in value overnight, with the Nasdaq gaining 0.48% as technology shares advanced despite uncertainty about a possible U.S. government shutdown. While Asian markets were mixed early Tuesday, Japan’s Nikkei was down 0.5% however, Taiwan’s benchmark index gained 1%.

Oil prices declined as markets priced in additional supply from OPEC+ and the resumption of exports from Iraq’s Kurdistan, raising concerns of a potential surplus. Meanwhile, gold prices soared to their highest levels this year, on track for the best monthly performance in 14 years, driven by safe-haven demand amid expected US Federal Reserve rate cuts and growing concerns over US fiscal policy.

Outlook

The GIFT Nifty is trading in a narrow range of 24,618.95 to 24,731.80, signalling a cautious start to the day. Market participants are awaiting cues from the Reserve Bank of India’s policy decision, while foreign fund flows and global commodity movements are expected to influence market sentiment and set the tone for trading.

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