Fed Decision and Foreign Fund Flows in Focus
Investors will watch the US Federal Reserve’s upcoming policy announcement for signals on interest rates, the dollar and emerging-market investment flows. Foreign investors bought shares worth Rs 890 crore on Friday, offering a domestic market data point amid broader uncertainty. Market participants will also track domestic liquidity and government bond movements. The Fed’s guidance and global risk appetite could shape trading sentiment in the coming sessions.
Nifty 50 Slips 0.07%; Global Markets Remain Mixed
The Nifty 50 traded at 22,583.10, down 0.07%, after retreating from intraday highs. The Sensex also fell 0.07% to 73,074.51. Globally, the S&P 500 declined 0.52%, Japan’s Nikkei 225 dropped 0.80%, while the Nasdaq 100 remained unchanged.
Adani Ports, Kotak Mahindra Bank Gain
Adani Ports rose 2.46% to Rs 1,744.60, while Kotak Mahindra Bank advanced 1.94% to Rs 438.85. Eternal gained 1.53% to Rs 322.25, adding to the list of stocks trading in positive territory.
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Hindalco gained 1.39% to Rs 881.90, while Coal India climbed 1.11% to Rs 401.85. Adani Enterprises advanced 1.01% to Rs 2,502.10, bucking the broader weakness in select heavyweight stocks.
HDFC Bank, Bajaj Finance Among Biggest Market Value Losers
Eight of India’s 10 most valuable listed companies saw their combined market capitalisation decline by Rs 1.55 lakh crore last week. HDFC Bank and Bajaj Finance recorded the biggest losses among the group. Tata Consultancy Services and Larsen & Toubro were the only two companies in the top 10 to register gains in market value, highlighting the uneven performance of heavyweight stocks.
Sensex, Nifty Lose Over 2% in Holiday-Shortened Week
Indian benchmark indices ended the previous holiday-shortened week with losses across all four trading sessions. The Sensex declined 1,605.44 points, or 2.15%, while the Nifty fell 546.15 points, or 2.36%. The combined market capitalisation of BSE-listed companies dropped by Rs 20,78,774.28 crore, taking the total to Rs 4,51,83,393.14 crore as investors reacted to oil prices and geopolitical risks.
Asian Paints, Infosys Among Key Losers
Asian Paints slipped 1.32% to Rs 2,276.60, while Infosys dropped 1.27% to Rs 1,139.20. Bajaj Finance fell 1.03% to Rs 919.35. Nestle India, SBI Life and Hindustan Unilever also traded lower.
Shriram Finance, Tata Consumer Lead Nifty Losers
Shriram Finance plunged 4.57% to Rs 825.45, while Tata Consumer Products fell 3.19% to Rs 933.15. HDFC Life declined 1.60% to Rs 515.35.
Hitachi Energy India Leads Volume Gainers
Hitachi Energy India shares rose 2.89% to Rs 27,060 as trading volumes surged on October 26.
Rupee in Focus After Touching Six-Week High
The Indian rupee ended last week at 94.94 against the US dollar after strengthening to a six-week high of 94.30. Reserve Bank of India measures had supported the currency, but rising crude prices and broader risk aversion challenged its recovery. Traders will monitor oil prices, dollar movements and the Federal Reserve’s policy signals, which could influence capital flows and currency sentiment.
Crude Oil Near USD 115 Raises Inflation Concerns
Brent crude remained near USD 115 a barrel amid security concerns in Saudi Arabia and wider geopolitical uncertainty. Higher oil prices pose a challenge for India, which relies heavily on imports to meet its energy needs. Sustained increases could pressure inflation, widen the import bill and weaken external finances. Investors will closely track crude movements for their potential impact on equities and the rupee.
Asian Markets Trade Lower, Taiwan And Shenzhen Lead Losses
Asian equity markets largely traded in negative territory on Monday, reflecting cautious global sentiment. Taiwan’s index declined 846.34 points, or 1.81%, to 46,041.43, while Shenzhen fell 233.36 points, or 2%, to 11,440.466. South Korea’s KOSPI dropped 1.18%, and Japan’s Nikkei slipped 0.75%. Australia’s ASX 200 bucked the trend, rising 0.12%.
Dollar Falls as Crude Oil and Natural Gas Prices Decline
The dollar traded at 95.13 against the rupee, down 0.85% over one month. Light crude oil fell 2% to USD 101.20 per barrel, while natural gas dropped 4.55%. Gold rose 0.42% to USD 4,024.60 an ounce, while copper slipped 0.33%.
Dollex Agrotech Leads Gainers; Shine Fashions Tops Losers
Dollex Agrotech surged 19.99% to Rs. 33.68, leading gainers, followed by ObjectOne Information Systems at 19.34%. Greenhitech Ventures fell 9.21%, while Shine Fashions India plunged 18.45%, leading the losers.
Sensex Remains Under Pressure Despite Recovery
The Sensex stood at 73,225.67, gaining 101.84 points or 0.14%. However, the chart shows a broader downtrend since February, with volatility and recent October swings highlighting persistent market weakness.
GIFT Nifty Signals Muted Opening for Dalal Street
GIFT Nifty futures stood at 22,608 on Monday morning, indicating a largely flat start for Indian equities. The Nifty 50 had closed at 22,600 on Friday. Investors remain cautious after four consecutive sessions of losses last week, with rising crude oil prices and geopolitical tensions weighing on sentiment. The US Federal Reserve’s upcoming decision will also influence market direction.
Nifty 50 Rebounds After Early Volatility, Gains 0.21%
The Nifty 50 traded at 22,648.50, rising 0.21% after recovering from early losses and climbing above 22,690 intraday.
The Indian stock market is set for a cautious start on Monday, October 26, as rising crude oil prices, geopolitical tensions and weakness across Asian markets weigh on investor sentiment. The Sensex and Nifty will track GIFT Nifty cues, rupee movements, foreign fund flows and the US Federal Reserve’s upcoming policy decision for direction.