The domestic equity benchmarks, Sensex and Nifty 50, may open flat on Friday as overnight global cues remain mixed.

Asian markets advanced, while US equities closed higher overnight, with all three major Wall Street indices hitting record highs.

Indian markets remained shut on Thursday, October 2, for Dussehra and Gandhi Jayanti.

However, on Wednesday, Indian stocks broke an eight-day losing streak and posted strong gains after the RBI kept the repo rate and policy stance unchanged and announced several measures for the banking sector.

Domestic Market Recap

On Wednesday, Indian indices closed in the green:

• Sensex surged by 715.69 points (0.89%) to close at 80,983.31
• Nifty 50 moved up by 225.20 points (0.92%) to settle at 24,836.30

Gift Nifty

Gift Nifty was trading near 24,942, around 25 points lower than the previous Nifty futures close, hinting at a weak start for Indian markets.

Overnight Wall Street Performance

The US stock indices closed at fresh record highs on Thursday, driven by technology shares, even as the US government shutdown entered its second day.

• The Dow Jones Industrial Average surged by 78.62 points (0.17%) to close at 46,519.72.
• S&P 500 up by 4.15 points (0.06%), ending at 6,715.35.
• The Nasdaq Composite was trading higher by 88.89 points (0.39%), finishing at 22,844.05.

Crude Oil Prices

• Brent crude gained by 0.45% to $64.40/barrel
• US West Texas Intermediate (WTI) crude was trading 0.46% lower at $60.76/barrel

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