Global & Domestic Market Updates
US Markets:
S&P 500 gained 0.23% and the Nasdaq rallied 0.8%, both closing at fresh record highs ahead of the US Federal Reserve’s interest rate decision. The S&P crossed the 6,900 mark for the first time.
Nvidia surged 5% after its CEO announced new AI partnerships and downplayed bubble concerns — this is positive for LTIMindtree & TCS on the domestic front due to AI-related global demand visibility.
Series & FII Positioning:
The November derivatives series kicks off today.
Nifty gained 1,325 points in October, its best month since June 2024.
Over the last two series, Nifty is up 1,435 points, coinciding with FIIs aggressively cutting shorts.
FIIs start November with 20% net long exposure, sharply higher vs 6–8% earlier — positive sentiment shift.
Key Triggers to Watch:
US Fed policy decision tonight (market expects a 25 bps rate cut)
Major Q2 earnings (HDFC Bank, Reliance, ICICI Bank in focus)
US–China trade developments
US & Global Indicators:
GIFT Nifty is trading 40 points higher at 26,131.
US 10-year yield steady at 3.98%.
Brent crude at $65 per barrel — positive for Aviation & OMC stocks (