Market Cues Today: India-US Trade Deal, Rally In European Indices, Commodity Prices And Other Triggers Likely To Affect Trade

Stock Market Cues: Benchmark indices are likely to start the session in the green on October 3, tracking gains in the Gift Nifty. The Gift Nifty opened higher by 0.13 per cent at 24,983 levels. Earlier on October 1, the Sensex and the Nifty ended a seven session losing spree, closing higher amid renewed momentum.

The momentum followed the Reserve Bank of India’s decision to keep the repo rate unchanged and revise the Gross Domestic Product (GDP) estimate for FY26 to 6.8 per cent. The 30-share Sensex closed the session with gains of 0.89 per cent or 715.7 points at 80,983.31. The Nifty 50 finished at 24,836.3 up by 225.2 points or 0.92 per cent.

Stock Market Cues On October 3

D-street is expected to react to multiple global and domestic cues on October 3. Global cues such as gains in the European market and developments in the India-US trade deal are set to affect trade today. On the domestic front factors such as FII-DII inflows, gold prices and crude oil prices are also expected to impact trading activity on D-street.

Gains In European Market

On October 2 the European stock market traded at record high levels boosted by a rally in the technology sector and rising speculation regarding the announcement of interest rate cuts by the U.S. Federal Reserve. Notably the Pan-European Stoxx 600 index finished 0.6 per cent higher at an all-time high. However Germany's DAX led the gainers, finishing higher by 1.35 per cent.

India US Trade Deal Developments

India and the US are getting closer to finalising a trade deal. Earlier in February, a joint statement by Prime Minister Narendra Modi and US President Donald Trump mentioned that both parties wished to sign a comprehensive Bilateral Trade Agreement (BTA) by the fall of 2025. While the US imposed new tariffs and a heightened immigration fee, a report by the Mint which cited a US embassy spokesperson said that the trade-talks are still underway.

Crude Oil Prices On October 3

On October 3, crude oil prices inched higher as the price of West Texas Intermediate crude increased by $0.31 or 0.51 per cent to $60.83. On the other hand the price of Brent Crude increased by $0.3 or 0.47 per cent to $64.41 .

Gold Rate On October 3

On October 3 gold prices inched lower, the price of 24 karat gold was Rs 11,868 per gram, the price of 22 karat gold was around Rs 10,879 per gram and the price of 18 karat gold was Rs 8,901 per gram as per the Goodreturns website.

FII, DII Flows

Foreign Institutional Investors remained net sellers of Indian equities on October 1, making a net sale of equities worth Rs 1,605.20 crore. On the other hand Domestic Institutional Investors continued a buying spree purchasing equities worth Rs 2,916.14 crore.

Asian Indices Trade Mixed On October 3

In the early hours of October 3 most Asian indices traded mixed, the Nikkei 225 traded higher by 1.58 per cent, the Hang Seng traded lower by 0.89 per cent. On the other hand the Shanghai Composite traded higher by 0.52 per cent.

US Market Indices

On October 2, Wall Street indices finished with gains. The Nasdaq Composite and the Dow Jones Industrial Average finished higher by 0.39 per cent and 0.17 per cent respectively. On the other hand the S&P 500 closed higher by 0.06 per cent.