NIFTY50, SENSEX on October 8: 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 rose 4 points or 0.01% to 25,228 amid subdued global cues. The benchmarks rose for a fourth straight session on Tuesday led by gains in the index heavyweights like HDFC Bank, ICICI Bank, Bharti Airtel, Reliance Industries, Mahindra & Mahindra and Bajaj Finance.

Asian markets

Most of the Asian markets were trading on a subdued note as Japan's Nikkei was largely unchanged at 47,950. Hong Kong's Hang Seng dropped nearly 1%, Taiwan Weighted dropped 0.77% and Singapore's Straits Times fell 0.4%.

Wall Street update

Overnight, US stocks ended lower as investors were looking at political developments in France, Japan and a US government shutdown, while gold futures hit $4,000 an ounce for the first time, according to a report from Reuters.

Demand for safe-haven gold has been driven in part by uncertainty over the US government shutdown as well as expectations for another US interest rate cut. US gold futures for December delivery settled at $4,004.4, up 0.7%. The shutdown is now in its seventh day.

The Dow Jones Industrial Average fell 91.99 points, or 0.20%, to 46,602.98, S&P 500 declined 25.69 points or 0.38% to close at 6,714.59 and the Nasdaq Composite dropped 153 points or 0.67%.

FII/DII activity

Foreign institutional investors bought shares worth ₹1,441 crore on Tuesday while domestic institutional investors bought shares worth ₹453 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹6,899 crore and for the calendar year they have been net sellers to the tune of ₹1,61,419 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

Urban Company posted a net loss of ₹92.77 crore in the financial year 2024.

The consolidated income from operations of Urban Company increased by about 38% to ₹1,144.46 crore in the financial year 2025 from ₹826.97 crore in FY24.

On a standalone basis, Urban Company posted a net profit of Rs 290 crore in FY25 while it registered a loss of ₹11.19 crore in FY24.

Its sales bookings or pre-sales stood at ₹700 crore in the year-ago period.

"Pre-sales of ₹763 crore in Q2 of FY26 as compared to ₹700 crore in Q2FY25, showing a growth of 9% on a year-on-year basis," the company said in a regulatory filing.

A division bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order.

In the judgement made public on Tuesday, the court ruled that the SBI's order of June 13, 2025, was "a reasoned order" with "no infirmity".

The company, a part of Tata Motors, said its retail sales in the July-September period stood at 85,495 units, down 17 per cent as compared with the same quarter last fiscal.

The company's dispatches to dealers in the second quarter stood at 66,165 units, down 24 per cent as compared with the year-ago period, Tata Motors said in a regulatory filing.

With ₹70.4 crore, IRB Golconda Expressway (Hyderabad ORR) was the second largest contributor to the revenues in September 2025, up from ₹60.7 crore last year.

The contribution of the IRB Ahmedabad Vadodara Super Express Tollway rose to ₹67.5 crore in September 2025 from ₹58.4 crore in September 2024, which is the third largest in the aggregate toll collection, it said.

"With its carefully restored architecture, this hotel reflects IHCL's dedication to preserving India's cultural treasures while offering contemporary experiences," Rao added.

At an operational level, the jewellery maker’s EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹41 crore in the quarter ended June 2025, marking a 64% YoY jump from ₹25 crore in the first quarter of the previous fiscal.

IPO market update

LG Electronics India, one of the leading home appliance and consumer electronics brands, launched its public issue on October 7. The LG Electronics IPO is a complete offer for sale of 10.18 crore shares worth ₹11,607.01 crore. The IPO will remain open for subscription till October 9, followed by share allotment on October 10. The LG Electronics IPO will list on NSE and BSE on October 14.

The ₹15,511.87 crore IPO, with a price band of ₹310 to ₹326 per share, consists of a fresh issuance of shares amounting to ₹6,846 crore and an offer for sale (OFS) valued at ₹8,665.87 crore by promoter Tata Sons and investor International Finance Corporation (IFC).

The fresh issue proceeds will be used to build up the company's Tier-1 capital base, backing future capital requirements, including onward lending.

A lot consists of 46 shares.

WeWork India IPO allotment status is likely to be finalised on Wednesday, October 8. Investors who have applied for the offer can track websites of the NSE, the BSE and registrar MUFG Intime India for bid finalisation details.

The initial public offer received bids for 2,92,68,374 shares, which translates to a 1.15 subscription as against 2,54,89,748 shares on offer, according to the data available on the NSE website.