Pre-Market Report: Indian Market Set for Muted to Negative Opening Amidst Mixed Global Cues

Global Market Cues

Global markets displayed a mixed performance ahead of the Indian market's opening. In the US, major indices closed mixed on Friday, September 12, 2025. The tech-heavy Nasdaq Composite advanced by 0.4% to close at a new record high, while the S&P 500 saw a slight dip of 0.1%, and the Dow Jones Industrial Average fell by 0.6%. All three indices, however, registered weekly gains, fueled by strong expectations for an interest rate cut from the Federal Reserve this week.

European markets also ended Friday on a mixed note, with the FTSE 100 gaining 0.32%, while Germany's DAX, France's CAC 40, and the Euro Stoxx 50 were marginally lower. The European Central Bank (ECB) maintained its interest rates at 2%, as widely anticipated.

Asian markets commenced Monday with mixed sentiments. South Korea's Kospi index climbed 0.67% to reach a fresh record high, extending its winning streak. In contrast, Australia's S&P/ASX 200 slipped 0.75%, and Hong Kong's Hang Seng indicated a muted start. Markets in Japan and Malaysia are closed for holidays.

Commodity markets saw crude oil prices ticking up in early Monday trade, with WTI crude gaining 0.38% to $62.80 a barrel and Brent crude adding 0.22% to $67.06. Gold prices remained stable, hovering near record highs around $3,640 per ounce, as market participants anticipate the US Federal Reserve's policy meeting. The yield on the US 10-year Treasury note increased to 4.07% on September 12, a 0.04 percentage point rise from the previous session.

GIFT Nifty and Domestic Cues

GIFT Nifty is signaling a muted to negative opening for the Indian equity market. As of early Monday morning, GIFT Nifty was trading at 25,162, down approximately 49 points or 0.19%, indicating a potential negative start for Dalal Street.

The Indian market concluded Friday on a strong note, extending its winning streak for the eighth consecutive session. The Nifty 50 closed above the 25,100 mark, and the Sensex neared 82,000. This positive momentum has been largely attributed to optimism surrounding the India-US trade deal and growing expectations of a US Federal Reserve rate cut. Foreign Institutional Investors (FIIs) were net buyers, purchasing shares worth Rs 129.58 crore on Friday, while Domestic Institutional Investors (DIIs) also remained net buyers with purchases amounting to Rs 1556 crore. The India VIX, a measure of market volatility, eased by 2% to settle at 10.12 levels, suggesting reduced fear in the markets. The Indian rupee also showed recovery, closing at 88.26 against the US dollar.

Key Stocks in Focus

• Apollo Hospitals: The healthcare company announced its plan to acquire IFC's 31% stake in Apollo Health and Lifestyle Ltd for ₹1,254 Crore, which would increase its holding to 99.42% subject to regulatory approvals.
• Dr Reddy's Laboratories: The company received a Form 483 from the USFDA with five observations following a pre-approval inspection at its Bachupally biologics facility.
• Adani Power: The company has entered into a 25-year agreement with Bihar State Power Generation Company to supply 2,400 MW from a greenfield plant.
• RailTel Corporation: The company secured a new order worth ₹209.79 Crore from the Bihar Education Project Council, adding to previous orders totaling ₹396 Crore received last week.
• ICICI Bank: The Reserve Bank of India has granted approval for ICICI Bank to acquire an additional 2% stake in ICICI Prudential AMC.
• Infosys: The IT major announced an Rs 18,000 crore share buyback program.
• Vedanta and Waaree Energies: These stocks are also expected to be in focus today.
• Defence and Metal Sector Stocks: Expected to continue their upward trajectory, driven by fresh order wins and rising commodity prices.
• Reliance, SBI, and Shriram Finance: These are among the stocks identified as potential drivers for the next Nifty rally.

Key Events to Watch Today

• US Federal Reserve Meeting: The Federal Open Market Committee (FOMC) meeting is scheduled for September 16-17, with market participants widely expecting a rate cut.
• Other Central Bank Decisions: The Bank of Canada, Bank of England, and Bank of Japan are also slated to announce their policy decisions this week.
• Domestic Data Releases: India's August wholesale inflation and manufacturing data will be released today.
• Trade Developments: Further developments regarding the India-US trade deal and the outcomes of US-China trade talks will be closely watched.
• Corporate Actions: Several companies, including Glenmark Pharma, IGL, DOMS Industries, and others, will trade ex-dividend today.

TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update

Tags: Pre-Market Stock Market Nifty Sensex Market Update