Summary of this article
Stock Market Cues: D-street is set to factor in several domestic and global cues on October 17 such as the anticipation of US Federal Reserve rate cut,
Market Cues Today: The Gift Nifty opened lower on October 17 at 25,494.5 levels. However the index climbed to an early high of 25,623.5 indicating a positive start for the benchmark Nifty. In the previous trading session the headline indices extended gains for the second straight day. The Nifty 50 surged 261.75 points or 1.03 per cent to 25,585.3 levels. On the other hand the Sensex added 862.23 points or 1.04 per cent to close at 83,467.66.
Stock Market Cues On October 17
On October 17 developments in global trade such as a meeting between US President Donald Trump and Russian President Vladimir Putin are expected to impact trade. Speculations regarding a rate cut by the US Federal Reserve are also set to affect investor sentiment. Closer home the announcement of Q2 results, foreign institutional investor (FII) inflows and changes in commodity prices are likely to affect trade.
Trump-Putin Meeting
According to a BBC report, U.S. President Donald Trump and Russian President Vladimir Putin are likely to meet in Budapest, Hungary. The meeting is likely to be held in the coming weeks. The meeting is likely to be centred around ending the war in Ukraine as per the report.
US Fed Rate Cut Anticipation
The street is expecting the US Federal Reserve to announce an interest rate cut. Speaking at the US central bank’s meeting US Fed Governor Christopher Waller has said that he is on board with another interest rate cut. On the other hand Stephen Miran, the Fed’s newest governor also reiterated support for more aggressive rate cuts.
Q2 Results
Over 80 companies are scheduled to announce their Q2 FY26 earnings on October 17, 2025. The companies announcing their results include major Indian corporations like Reliance Industries, JSW Steel, Havells India, and Tata Technologies. The stock market is set to react to the announcement of the results by major companies on October 17.
FII Inflows
On October 16, foreign institutional investors continued their buying activity for the second straight day by net purchasing Indian equities worth Rs 997.29 crore. Domestic institutional buyers also purchased equities worth Rs 4,076.2 crore. As of October 16, FIIs have net sold Indian equities worth Rs 895.74 crore and DIIs have purchased Indian equities worth Rs 26,517.84 crore.
Crude Oil Prices On October 17
On October 17, crude oil prices witnessed declines in the early hours of trade. West Texas Intermediate traded around $57.27 down by $0.19 or 0.33 per cent. On the other hand the price of Brent Crude fell $0.17 or 0.28 per cent to $60.89.
Gold Rate On October 17
Physical gold prices slipped on October 17, the price of one gram of 24 karat gold remained around Rs 12,943. The price of one gram of 22 karat gold and 18 karat gold remained around Rs 11,864 and Rs 9,707 respectively.
Asian Indices Witness Early Losses
Major Asian indices declined in early trade on October 17, the Nikkei 225, the Hang Seng and the Shanghai Composite all fell 0.96 per cent, 1.4 per cent and 0.83 per cent respectively. On the other hand the KOSPI traded higher by 0.4 per cent.
