6 Key Market Shifts to Watch Today: Global Cues, Oil Prices, and FII Selling Set the Stage

The Indian stock market could see a weak start on Tuesday, impacted by global uncertainties ahead of the upcoming U.S. Presidential Election and a potential Fed interest rate cut. Here’s a simple breakdown of what’s shaping the market:

1. Asian Markets Mixed

• Asian stocks showed a mixed trend following Wall Street’s cautious trading. Japan’s Nikkei and Topix saw gains, while South Korea’s Kospi declined.

2. Gift Nifty Signals Weak Start

• Gift Nifty was trading at around 24,065, showing a 50-point dip from Monday’s close, hinting at a likely lower opening for Sensex and Nifty.

3. Wall Street Closed Lower

• U.S. markets ended down on Monday with Dow Jones, S&P 500, and Nasdaq all declining. Some big movers included Nvidia (+0.48%) and Intel (-2.93%).

4. Oil Prices Jump

• Oil prices stabilized after a sharp 3% jump. Brent crude climbed to $75.08 per barrel amid OPEC’s decision to delay production increases and rising Middle Eastern tensions.

5. Gold Prices Stay Steady

• Gold prices held steady as investors awaited the U.S. election and Fed rate decision.

6. FII Selling Continues

• Foreign Institutional Investors (FIIs) sold ₹4,329.79 crore in Indian equities, while Domestic Institutional Investors (DIIs) bought ₹2,936.08 crore, adding to market uncertainty.

With cautious global trends and ongoing FII selling, investors should prepare for a volatile market session.