NIFTY50, SENSEX on October 10: US market cues, FII activity, key things to know before markets open

The Indian equity markets are set to open on a flat note as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad fell 24 points to 25,250 amid subdued cues from Asian markets. The benchmarks rebounded on Thursday, October 9, after a day's pause in the previous session led by gains in index heavyweights like Reliance Industries, Infosys, Larsen & Toubro, Tata Steel, Tata Consultancy Services, HCL Technologies and Kotak Mahindra Bank.

Asian markets

Most of the Asian markets were trading lower following a dip in the US markets after investors turned cautious of expensive valuations following the recent rally in US stocks.

Japan's Nikkei fell 0.75%, Hong Kong's Hang Seng declined 0.93%, Singapore's Straits Times declined 0.32% and China' Shanghai Composite dropped 0.12%.

Wall Street update

US stocks edged lower on Thursday as investors turned cautious of stretched valuations after the recent run up which took the Wall Street to record highs.

The S&P500 fell 0.28%, tech heavy Nasdaq declined 0.08% and Dow Jones Industrial Average declined 0.52%.

Gold and crude price update

Gold and crude oil prices dropped in global market with gold falling below $4,000 in international markets as signs of easing geopolitical tensions reduced demand for the yellow metal.

Gold prices fell 2% on Thursday, dipping below the $4,000/oz milestone breached for the first time in the previous session, as the dollar pushed higher and gold investors booked profits following a ceasefire deal between Israel and Hamas.

Silver eased from its record high of $51.22 per ounce as well, pressured by the same factors as gold, according to a report by Reuters.

Crude oil also ended on a flat note on signs of stability in west Asia.

FII/DII activity

Foreign institutional investors bought shares worth ₹1,308 crore on Thursday while domestic institutional investors bought shares worth ₹864 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹4,497 crore and for the calendar year they have been net sellers to the tune of ₹1,59,017 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

TCS' revenue from operations rose 2.4% year-on-year (YoY) to ₹65,799 crore for the September quarter, compared with ₹64,259 crore logged in the same period last year. On a sequential basis, international revenue grew 0.6% in constant currency terms.

Domestic silver is currently trading at a significant premium compared to international prices due to acute scarcity in India's physical silver market, the fund house said in a statement.

In the best interest of our investors, Kotak Mahindra Mutual Fund suspended lump sum or switch-in investments in Kotak Silver ETF Fund of Fund effective October 10, 2025, it said in a statement.

He succeeds Hemant Jain, who now serves as the immediate former President.

Anil Gupta, Chairman & Managing Director of KEI Industries Ltd, has taken over as PHDCCI's Senior Vice President, while Sanjay Singhania, Managing Director & CEO of Epack Prefab Technologies Ltd, has been appointed the Vice President.

In the corresponding period of the previous fiscal, the company’s net profit stood at ₹144.44 crore.

The design and technology services company witnessed a 2.91% QoQ increase in its revenue from operations to ₹918.10 crore during the quarter under review, compared to ₹892.1 crore in Q2 of FY25.