Indian equities are set for an action-packed session today, driven by strong global cues, domestic inflation moderation, and heavy corporate news flow across banking, IT, and renewables.
What Factors Are Likely to Influence the Indian Stock Market Today?
Overnight, global markets rallied sharply as the TACO trade — tech, AI, chips, and oil — lifted sentiment. The S&P 500 rose 1.56%, Nasdaq jumped 2.21%, and Russell 2000 surged 2.62%. US Treasury Secretary Bessent confirmed that the Trump–Xi meeting remains on schedule, further easing global risk concerns. The VIX fell 12% to 19.03, while oil and gold strengthened, reflecting confidence in a soft-landing outlook.
How Are Global Cues Setting the Tone? Tech and AI stocks led the rebound with Broadcom gaining nearly 10% after announcing a 10-GW AI chip collaboration with OpenAI. Crude oil rose 1.34% to $59.69, and gold surged to $4,130 per ounce, indicating renewed hedging demand. Asian markets mirrored the optimism, with Japan and Korea opening higher amid robust US data and falling bond yields.
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Why Is CPI Data Turning Sentiment Positive? India’s headline CPI for September cooled to an 11-month low at 1.5% YoY, largely due to deflation in vegetables and pulses. BOFA expects two more 25-bps rate cuts in December and February MPC meetings, with October CPI projected at 0.5% — the lowest in the current series. This sharp moderation strengthens the case for rate-sensitive sectors like banks, NBFCs, and autos.
Among sectors, gold and silver may stay in focus as both have rallied 18–27% since September. Interest-rate-sensitive stocks could also see traction with falling inflation and dovish tone from RBI observers. IT stocks remain in the spotlight after strong updates from HCL Tech and global brokerage upgrades.
Which Stocks Are Expected to React to Key Developments? RBL Bank may stay volatile after reports confirmed Emirates NBD’s plan to acquire a 60% stake for $3 billion. LG Electronics India lists today with brokerages expecting 35–50% listing gains. Tata Motors’ CV business demerger and the stock split of Tata Investment Corporation will also attract attention. MCX raised margins on gold and silver contracts by 1–1.5%, citing global volatility and strong physical demand.
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Investors will also watch key results today from HCL Tech, Persistent Systems, ICICI Lombard, ICICI Prudential Life, Cyient DLM, and IREDA. The tone of management commentary will set the market direction into the weekly expiry.
Investor Takeaway: Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that easing inflation, strong global sentiment, and large corporate triggers may support a gap-up opening today. However, traders should monitor volatility in silver and banking stocks ahead of Thursday’s expiry.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment adviser before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
