Gift Nifty Signals Flat Opening for Indian Markets on Sept 30 Amid Mixed Global Cues

India’s benchmark indices, Sensex and Nifty 50 are likely to open flat on Tuesday, tracking mixed signals from global markets.

Gift Nifty Today

The Gift Nifty was trading near 24,692, about 7 points above the previous close of Nifty futures, pointing to a muted opening for domestic indices.

Asian Market Overview

Asian shares were mixed in early trade on Tuesday, mirroring Wall Street’s overnight gains. Japan’s Nikkei 225 dipped 0.32%, while the Topix fell 0.21%. On the other hand, South Korea’s Kospi advanced 0.27% and the Kosdaq edged up 0.18%. Futures for Hong Kong’s Hang Seng indicated a positive start.

Wall Street Insights

US markets ended higher on Monday, driven by strength in technology stocks. The Dow Jones Industrial Average gained 68.78 points (0.15%) to close at 46,316.07. The S&P 500 advanced 17.51 points (0.26%) to 6,661.21, while the Nasdaq Composite rose 107.09 points (0.48%) to 22,591.15.

Domestic Market Recap

On Monday, domestic equities extended their losing streak for the seventh consecutive session. The Sensex slipped 61.52 points (0.08%) to close at 80,364.94, while the Nifty 50 declined 19.80 points (0.08%) to settle at 24,634.90.

Also Read: IDFC First Bank vs Yes Bank vs Axis Bank: Comparing Q1 FY26 Earnings Results!

Trump Tariffs

US President Donald Trump announced fresh tariffs on wood products. Imports of lumber will attract a 10% duty, while vanities, kitchen cabinets, and upholstered wooden products will face a 25% tariff effective October 14. From January 1, tariffs will rise to 30% on upholstered wooden products and 50% on kitchen cabinets and vanities from countries that fail to reach trade agreements with the US.

Conclusion

With Gift Nifty signalling a flat start, markets are likely to remain range-bound in early trade. Global cues, coupled with Trump’s tariff announcement, may keep sentiment cautious until fresh domestic triggers emerge.

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