GIFT Nifty:

The GIFT Nifty November futures contract has dropped by 47.50 points. This suggests that the Nifty 50 index may open lower today.

Institutional Flows:

On October 25, 2024, foreign portfolio investors (FPIs) sold shares worth ₹3,228.08 crore in the Indian equity market. In contrast, domestic institutional investors (DIIs) bought shares totaling ₹1,400.85 crore.

According to data from NSDL, FPIs have sold shares worth over ₹1,07,070.50 crore in the secondary market during October 2024. This follows their purchase of shares worth ₹46,552.40 crore in September 2024.

Global Markets:

Asian stock markets showed mixed results on Tuesday. Investors are focusing on important earnings reports due in the coming days. Japanese markets continued to rise despite the ruling coalition losing its parliamentary majority. However, other Asian markets were less optimistic. The Bank of Japan is expected to keep its current monetary policy unchanged in its meeting later this week.

U.S. stocks closed higher on Monday, lifted by hopes of easing geopolitical tensions in the Middle East. Investors are also looking ahead to major earnings reports and economic data releases. The S&P 500 gained 0.27% to reach 5,823.52, the NASDAQ Composite rose 0.26% to 18,568.05, and the Dow Jones Industrial Average increased by 0.65% to 42,387.57.

Key economic events this week include the release of U.S. GDP data for the third quarter on Thursday. This will be followed by the PCE price index (the Federal Reserve’s preferred inflation measure) and nonfarm payrolls data on Friday. These reports will provide important insights ahead of the Fed’s upcoming meeting, where a 25-basis-point rate cut is widely expected. Additionally, the U.S. presidential elections are scheduled for November 5th.

Domestic Market:

Indian stock markets ended a five-day losing streak on Monday, closing the session with strong gains. The rebound was mainly due to value buying, as recent price drops attracted investors looking for opportunities. Easing geopolitical tensions in the Middle East also improved market sentiment, leading to a positive opening on Monday.

The S&P BSE Sensex jumped 602.75 points, or 0.76%, to close at 80,005.04. The Nifty 50 index gained 158.35 points, or 0.65%, ending the day at 24,339.15.