NIFTY50, SENSEX on October 13: US market cues, FII activity, key things to know before markets open

The Indian equity markets are set to open lower on Monday, October 13, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad fell 72 points to 25,328 amid weak cues from Asian markets. The Indian stock market extended its rally for the second consecutive day on Friday led by gains in pharma and PSU bank stocks. Investor sentiment was further lifted by sustained foreign fund inflows.

Asian markets

Asian markets opened on a weak note on Monday as investor sentiment was shaken after fresh trade tensions between US and China.

US President Donald Trump announced that the US would impose an additional 100% tariff on goods from China, alongside existing levies, starting on 1 November. This move follows China's introduction of new export controls on critical materials, which has sharply escalated trade tensions.

This development occurred just weeks before the scheduled meeting between President Trump and President Xi Jinping at the APEC summit in South Korea.

South Korea's KOSPI fell 1%, Hon Kong's Hang Seng dropped 1.85%, Taiwan Weighted declined 1.73% and Singapore's Straits Times fell 2%.

Wall Street update

US markets ended sharply lower on Friday after Trump threatened much higher on China.

The S&P 500 dropped 2.71%, tech heavy Nasdaq tumbled 3.56% and Dow Jones fell 1.9%.

Stocks had been heading for a slight gain in the morning, until Trump took to his social media platform and said he’s considering “a massive increase of tariffs” on Chinese imports. He’s upset at restrictions China has placed on exports of its rare earths, which are materials that are critical for the manufacturing of everything from consumer electronics to jet engines, news agency AP reported.

FII/DII activity

Foreign institutional investors bought shares worth ₹459 crore on Friday while domestic institutional investors bought shares worth ₹1,708 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹2,091 crore and for the calendar year they have been net sellers to the tune of ₹1,56,611 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

Qualified institutional buyers (QIBs) emerged as the most aggressive bidders, as their portion was subscribed 3.42 times. They applied for 32,44,77,652 shares as compared to 9,49,24,856 shares on offer.

The non-institutional investors, or NIIs, category was booked 1.98 times, as they submitted applications for 14,10,67,142 shares against 7,11,93,642 shares on offer.

Retail individual investors (RIIs) placed bids for 18,21,78,400 shares compared to 16,61,18,498 shares reserved. This reflects a subscription of 1.10 times.

Its revenue from operations during the July-September period rose 16% to ₹16,676 crore from ₹14,445 crore in the year-ago period.

Billionaire Radhakishan Damani-backed DMart reported stable operational performance as its operating profit also known as earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 11% to ₹1,213 crore but its operating profit margins contracted by 30 basis points to 7.28%.

The company, in its regulatory filing on Saturday, said Pal was arrested by ED on the night of October 10, 2025, under Section 19 of PMLA, 2002. He was produced before the court this morning, and ED has been granted two days’ custody. "Pending the ongoing matter and in order to assist the investigation, Shri Ashok Kumar Pal has demitted the office of Executive Director and CFO with immediate effect," the filing added.

In April this year, Bengaluru-based Prestige Estates entered the Delhi-NCR market with the launch of its 62.5-acre township project in Ghaziabad, Uttar Pradesh.

In the first phase of its township, 'The Prestige City, Indirapuram', Prestige Estates had launched two housing projects -- Oakwood and Mulberry, comprising 3,421 units with a total sales value of around ₹9,000 crore.

With the acquisition of this land parcel, Lodha Developers has achieved the current fiscal target of acquiring multiple land parcels, which have the potential to generate revenue worth ₹25,000 crore.

In its latest operational update for the second quarter of 2025-26, Lodha Developers said, "In Q2 of FY26, we added one project with GDV (gross development value) of Rs 2,300 crore in MMR".

Hyundai Motor India and Toyota Kirloskar Motor on the other hand saw a year-on-year dip in their respective market share last month.

Tata Motors saw its market share improve to 13.75% last month as compared to the same period last year when it sold 32,586 units accounting for 11.52% market share in the domestic passenger vehicle segment.

As per the data, Maruti Suzuki India retailed a total of 1,23,242 units in September grabbing a market share of 41.17%.

It had retailed 1,15,530 units in September 2024 with a market share of 40.83%.

In its latest Enforcement Report, US Food and Drug Administration (USFDA) stated that an American subsidiary of the Hyderabad-based drug major is recalling 571 vials of an injection used to relax muscles.

Princeton-based Dr Reddy's Laboratories, Inc is recalling the affected lot of Succinylcholine Chloride Injection due to "Out-of-Specification result during the six-month stability testing," the USFDA stated.

Trade setup

On the technical front, the NIFTY50 crossed the crucial resistance level of 25,200 on a weekly closing basis, indicating a sign of renewed bullish momentum in the markets. However, the index faces another crucial resistance of the swing high trend line at 25,300. Experts believe that for bullish momentum to further accelerate, the index should close above the 25,300 levels.

On the options data front, the 25,200 puts witnessed heavy open interest addition and also the highest open interest for tomorrow’s expiry, indicating strong support. On the upside, the 25,500 calls hold the highest open interest, indicating a strong resistance for the expiry.