India’s benchmark indices, Sensex and Nifty 50, are set to open higher on Monday, tracking an overnight global market rally as investors celebrated progress in the US-China trade negotiations.

Asian markets traded higher, with Japan’s Nikkei surpassing the 50,000 mark for the first time, while US markets ended last week on a strong note — all three major Wall Street indices closed at record highs.

This week, investors will keep a close watch on key triggers such as the US Federal Reserve meeting, updates on the US-China and India-US trade deals, Q2 earnings, gold and silver price movements, FII inflows, and major domestic and global macroeconomic data releases.

However, on Friday, the Indian stock market slipped lower as investors booked profits, halting its six-day winning streak.

Domestic Market Recap

On Friday, Indian indices closed in the red:

• Sensex slumped by 344.52 points (0.41%) to close at 84,211.88
• Nifty 50 moved down by 96.25 points (0.37%) to settle at 25,795.15

Gift Nifty

Gift Nifty was trading near 25,936, around 121 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Overnight Wall Street Performance

All three major US stock indexes closed at record highs on Friday, as cooler-than-expected inflation data and strong corporate earnings boosted investor sentiment.

• The Dow Jones Industrial Average gained by 472.51 points (1.01%) to close at 47,207.12.
• S&P 500 up by 53.25 points (0.79%), ending at 6,791.69.
• The Nasdaq Composite was trading higher by 263.07 points (1.15%), finishing at 23,204.87.

Crude Oil Prices

• Brent crude gained 0.41% to $66.23/barrel
• US West Texas Intermediate (WTI) crude was trading 0.21% higher at $61.63/barrel

Overnight Major Global Events Driving Sentiment

1. India-US Trade Deal: India’s Ambassador to the United States, Vinay Mohan Kwatra, held discussions with Jeanne Shaheen, the Ranking Member of the Senate Foreign Relations Committee, focusing on finalizing a mutually beneficial trade agreement, strengthening energy security, and enhancing oil and gas trade between the two nations.
2. US-China Trade Deal: Top trade negotiators from the US and China announced that they had reached a framework agreement for a potential trade deal ahead of the upcoming meeting between Presidents Donald Trump and Xi Jinping. US Trade Representative Jamieson Greer stated at the ASEAN Summit that both sides were “moving forward to finalize the details” for the leaders’ review and possible approval.
3. US Inflation: US inflation rose slightly below expectations in September. The Consumer Price Index (CPI) increased 0.3% in September, following a 0.4% rise in August. Over the past 12 months, the CPI advanced 3.0%, compared to 2.9% in August. Economists surveyed by Reuters had predicted a 0.4% monthly increase and a 3.1% annual rise, indicating a milder-than-expected uptick in inflation.

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