Gift Nifty Slips 12 pts On Oct 1: How Is the Indian Stock Market Likely to Open Today?

Indian equity markets are likely to open lower on Wednesday, as Gift Nifty indicated early morning weakness. Investors are treading cautiously ahead of the Reserve Bank of India’s (RBI) monetary policy announcement at 10 AM.

RBI Policy in Focus

As per news reports most economists foresee no change, a few including the State Bank of India (SBI) have forecast an additional 25 basis point (bps) rate cut. The policy outcome could set the tone for market sentiment in the near term.

Global Market Cues

Asian markets opened mixed on Tuesday after gains on Wall Street. Japan’s Nikkei 225 was down 1.01%, while South Korea’s Kospi declined 0.95%. Chinese markets remained shut due to the National Day and Mid-Autumn Festival holidays.

Wall Street Recap

US equities ended higher on Tuesday despite choppy trading, as investors braced for the possibility of a US government shutdown. Concerns persist that a prolonged shutdown could delay key economic reports, complicating the Federal Reserve’s policy outlook:

• Nasdaq Composite gained 0.05%
• S&P 500 rose 0.40%
• Dow Jones added 0.25%

Indian Market Recap: September 30

Domestic benchmarks closed lower on Monday amid caution ahead of the RBI policy outcome:

• BSE Sensex: 80,267.62, down 97.32 points (-0.12%)
• Nifty 50: 24,611.10, down 23.80 points (-0.10%)

Also Read: Upcoming Bank Holidays in October 2025: Full List of State-Wise Closures as per RBI.

Conclusion

With Gift Nifty pointing to a subdued start, Indian equities are set to trade under pressure on September 30. The RBI’s policy stance will be the key domestic trigger, while global cues and developments in the US fiscal situation will continue to guide market direction.

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