Summary of this article
Market Cues Today: Several cues are set to impact D-street on October 9 such as the beginning of the Q2 earnings season and continued buying by foreign institutional investors (FIIs).
Market Cues Today: On October 9, the Gift Nifty opened flat at 25,123 levels. The index gained 0.08 per cent to trade at 25,144 levels indicating a positive start for the headline indices. Benchmark indices ended a winning streak on October 8.
The BSE Sensex closed at 81,773.66 down by 153.09 points or 0.19 per cent on the other hand the Nifty 50 finished at 25,046.15 down by 62.15 points or 0.25 per cent.
Stock Market Cues On October 9
Several cues are set to impact D-street on October 9, these include the beginning of the Q2 earnings season for the current fiscal, the release of the US Federal Reserve’s September meeting, FII flows and changes in commodity prices.
Q2FY26 Earnings Season
D-street is set to react to the announcement of financial results for the second quarter of FY26. Notably, IT bellwether Tata Consultancy Services (TCS) is scheduled to announce its results today which is likely to set the tone for the entire IT sector and broader market sentiment.
US FOMC Meeting Minutes
The US Federal Reserve released the minutes of its September meeting on October 8. The US Federal Reserve is expected to lower interest rates by 25 basis points following the meeting, citing a shift in the balance of risks. The minutes indicated that while most participants favoured the lowering of interest rates towards a more neutral setting, a few participants believed there was merit in keeping rates unchanged.
FII Inflows
Foreign institutional investors seem to have paused their selling spree, turning net buyers of Indian equities for two consecutive sessions. On October 7 and October 8, FIIs net purchased Indian equities worth Rs 1,440.66 crore and Rs 81.28 crore respectively. Domestic institutional investors have remained net buyers of Indian equities in October so far. DIIs have purchased equities worth Rs 9,224.82 crore. On October 8, DIIs net purchased Indian equities worth Rs 329.96 crore.
Crude Oil Prices On October 9
Crude oil prices dipped in the early hours of October 9, the price of West Texas Intermediate decreased by $0.49 or 0.75 per cent to $62.05. The price of Brent Crude surged to $65.81 down by $0.44 or 0.65 per cent.
Gold Rate On October 9
On October 9, physical gold prices inched up after hitting record highs on October 8. The price of 24 karat gold was Rs 12,394 per gram, the price of 22 karat gold was around Rs 11,361 per gram and the price of 18 karat gold was Rs 9,296 per gram as per the Goodreturns website.
Asian Indices Trade In Green On October 9
In the morning hours of October 9, key Asian indices edged higher. Japan’s benchmark index the Nikkei 225 traded around the 48,414 levels up by 679.01 points or 1.42 per cent. China’s Shanghai Composite index also witnessed gains of 49.83 points or 1.28 per cent to trade at 3,932.61 levels.
US Market Indices
Wall Street indices factored in the release of US FOMC meeting minutes, the Nasdaq Composite and the S&P 500 finished higher by 1.12 per cent and 0.58 per cent respectively. On the other hand the Dow Jones Industrial Average remained unchanged.
