Sensex and Nifty 50 are likely to open lower on Monday, even as overnight global markets show positive momentum. Asian markets traded higher, with Japan’s benchmark index touching a record high, while US markets closed mixed last week.

This week, investors will closely track major market triggers such as developments around the US government shutdown, the release of US FOMC meeting minutes, updates on the Israel-Hamas conflict, Q2 earnings, IPO activity, gold price movements, foreign fund inflows, and other key macroeconomic indicators both in India and abroad.

However, on Friday, Indian markets closed higher, supported by late-session buying in metal and banking stocks.

Domestic Market Recap

On Friday, Indian indices closed in the green:

• Sensex surged by 223.86 points (0.28%) to close at 81,207.17
• Nifty 50 moved up by 57.95 points (0.23%) to settle at 24,894.25

Gift Nifty

Gift Nifty was trading near 24,964, around 42 points lower than the previous Nifty futures close, hinting at a weak start for Indian markets.

Overnight Wall Street Performance

The US stock market ended mixed on Friday as the Dow Jones and S&P 500 hit record closing highs, while the Nasdaq finished lower.

• The Dow Jones Industrial Average surged by 238.56 points (0.51%) to close at 46,758.28.
• S&P 500 up by 0.44 points (0.01%), ending at 6,715.79.
• The Nasdaq Composite was trading lower by 63.54 points (0.28%), finishing at 22,780.51.

Gold Prices 

• Spot gold was trading 0.4% higher at $3,900.40 per ounce.
• The US gold futures increased by 0.5% to $3,926.80.

Overnight Major Global Events Driving Sentiment

1. Israel-Hamas War: Israel and Hamas began preparing for indirect talks in Egypt on Monday, raising hopes for a ceasefire. Prime Minister Benjamin Netanyahu said a truce and hostage exchange could materialise this week. The negotiations follow President Donald Trump’s welcome of Hamas’s statement accepting parts of the US peace proposal.
2. US Services PMI: US services sector activity stalled in September as new orders sharply declined. The Institute for Supply Management (ISM) reported that its non-manufacturing Purchasing Managers’ Index (PMI) fell to 50 — the breakeven level — from 52.0 in August. The index tracking new orders for services also slipped to 50.4 from 56.0 in the previous month.
3. Bitcoin Prices: Bitcoin surged to an all-time high of $125,559.21 on Sunday, supported by strong inflows into Bitcoin-linked exchange-traded funds and a broader risk-on rally amid the US government shutdown. At last check, Bitcoin traded nearly 1% higher at $123,538.23.

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