💹 Economy & Policy
- Global Trade Research Initiative (GTRI) says stars look aligned for an early U.S.-India trade deal, with Washington keen to diversify supply chains away from China.
- India’s exports to the U.S. fell nearly 12% in September after higher tariffs; China and UAE emerged as key beneficiaries.
- Trade deficit widened to a 13-month high, as exports to the U.S. declined and gold imports surged on festive demand.
- Trump claimed PM Modi assured him India will halt Russian oil purchases, amid growing U.S.–India diplomatic engagement.
- Rupee posted its best day since June, rising 0.7% on RBI intervention and supportive global cues.
📈 Equity Markets
- Nifty futures signal a bullish open, with GIFT Nifty up 65 points at 25,467, indicating strength for a third consecutive session.
- Support zones seen at 25,220–25,150 and resistance near 25,450–25,650, as traders track global macro cues and FII flows.
- Asian markets rallied, with Nikkei up 0.95%, Kospi up 1.09%, and Hang Seng up 1.8%, as Fed’s dovish tone boosted investor sentiment.
- U.S. markets closed mixed: S&P 500 up 0.40%, Nasdaq up 0.66%, and Dow down 0.04%, amid trade tensions and rate-cut hopes.
- U.S. bank earnings impressed, with Bank of America and Morgan Stanley reporting double-digit profit growth on robust loan activity.
- Indian IT and banking stocks likely to remain in focus as global rate-cut optimism supports valuations.
🏦 Companies & Tech
- No major corporate developments reported overnight, but earnings momentum and capital expenditure updates continue to drive near-term sentiment.
🌏 Global & Commodities
- Fed cut probability surged to 96% for December, following Powell’s dovish remarks on employment weakness.
- Gold hit record highs as bond yields fell and investors sought safety amid global uncertainty.