The GIFT Nifty started Wednesday’s session on a subdued note, opening marginally lower at 25,216, down 0.03%. Early market sentiment was influenced by global factors, including movements in crude oil prices, gold rates, and currency trends.
Indian equity benchmarks ended higher on October 7. The Sensex advanced 136.63 points, or 0.17%, to 81,926.75, while the Nifty added 30.65 points, or 0.12%, to finish at 25,108.30.
Key global and domestic cues to know on October 8, 2025
Asian Markets
Asia-Pacific markets showed a mixed trend on Wednesday. Japan’s Nikkei rose 0.28%, while the Topix rose 0.62%. In contrast, Australia’s ASX/S&P 200 slipped 0.3%. Trading in mainland China and South Korea was paused due to public holidays.
US market
U.S. markets ended lower on October 7. The broad market index dropped 0.38% to 6,714.59, ending a seven-day winning streak. The Nasdaq Composite declined 0.67% to 22,788.36, while the Dow Jones Industrial Average fell 91.99 points, or 0.2%, closing at 46,602.98.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.16% up at 98.75 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.012% to close at 88.77 to the dollar on October 7.
Crude Oil
Crude oil prices inched higher on Wednesday, with WTI crude rising 0.77% to $62.20 per barrel and Brent crude up 0.68% at $65.89 per barrel in early trade.
FII, DII data
FIIs turned net buyers of Indian equities on October 7, buying Rs 1,441 crore, while DIIs recorded their lowest inflow since August 22 at Rs 452 crore.
Gold rate today
In the latest gold rate in Dubai, 24-carat gold was priced at AED 479.50 per gram, while 22-carat traded at AED 444 per gram and 18-carat at AED 364.75 per gram.
As per Goodreturns, in India, 10 grams of 24-carat gold rate today is Rs 1,22,030, while 22-carat gold costs Rs 1,11,860. For those preferring 18-carat gold, the price is Rs 91,530 for the same weight.
Top sectors in Tuesday’s trade
On October 7, sector-wise performance showed Plastics rising 2.11%, Telecommunications up 2%, Electronics gaining 1.84%, and Paper advancing 1.24%.
Best and worst performing business group in last trading session
On October 7, group-wise market movements showed Nagarjuna Group rising 4.53%, Ramco Group up 2.18%, Arvind Mafatlal Group gaining 2.15%, and Manipal Group increasing 1.98%, while BK Birla Group fell 2.02% and Pennar Group declined 2.18%.