Summary of this article
D-street is set to react to several cues in trade today such as RBI MPC Meeting, India IIP data, India-US trade deal fluctuations and changes in commodity prices.
Market Cues Today: The benchmark indices are likely to open with slight gains, as the Gift Nifty opened marginally higher on September 29. On September 29, the Gift Nifty opened at 24,837.5, up by 0.26 per cent. Earlier on September 26, the benchmark indices extended a losing spree for the sixth straight session as concerns regarding US immigration policies and tariffs on pharmaceutical imports continued to weigh heavy on investor sentiment.
On September 26, the Sensex finished at 80,426.46, shedding 733.22 points or 0.9 per cent and the Nifty finished at 24,654.70 down by 236.15 points or 0.95 per cent.
Stock Market Cues On September 29
D-street is set to react to mixed cues including headwinds like the RBI MPC Meeting, India IIP data, India-US trade deal fluctuations in gold prices and crude oil prices are also set to impact D-street today:
RBI MPC Policy Meeting
Reserve Bank of India's Monetary Policy Committee (MPC) meeting is set to begin today on September 29 and end on October 1, 2025. Notably, this is the fourth MPC meeting of the fiscal year 2025-26. Currently the benchmark lending rate stands at 5.50 per cent. So far in 2025, the MPC has announced three rate cuts totaling 100 basis points.
India US Trade Deal
India and the US continue to negotiate a trade deal as of late September. The negotiations come amid escalating trade tensions and tariffs imposed by the Trump administration. Following high-level meetings held between India and the US, fresh developments on the trade deal front are likely to be announced soon. D-street is expected to react to any fresh developments related to the India-US trade deal.
India IIP Data August 2025
India's official Index of Industrial Production (IIP) for August 2025 has not yet been released. The Ministry of Statistics and Programme Implementation (MoSPI) is expected to release the data on September 29, 2025.
Crude Oil Prices On September 29
On September 29 crude oil prices traded lower as the price of West Texas Intermediate crude declined by $0.44 or 0.67 per cent to $65.28. On the other hand the price of Brent Crude fell $0.36 down by $0.18 or 0.51 per cent to $69.77.
Gold Rate On September 29
On September 29, the price of 24 karat gold was Rs 11,547 per gram, the price of 22 karat gold was around Rs 10,584 per gram and the price of 18 karat gold was Rs 8,660 per gram according to the Goodreturns website.
FII, DII Flows
Foreign Institutional Investors remained net sellers of Indian equities on September 26, making net sale of equities worth Rs 5,687.58 crore. On the other hand Domestic Institutional Investors continued a buying spree purchasing equities worth Rs 5,843.21 crore.
Asian Indices Trade Mixed On September 29
On September 29, Asian indices such as the Hang Seng declined 0.91 per cent. On the other hand the Hang Seng, KOSPI and the Shanghai Composite finished in the green up by 1.39 per cent, 1.24 per cent and 0.2 per cent respectively.
US Market Indices
Wall Street indices finished the session with gains on September 26, the Nasdaq Composite finished with gains of 0.44 per cent, the S&P 500 finished with gains of 0.59 per cent and the Dow Jones Industrial Average finished up by 0.65 per cent.
