The GIFT Nifty began Monday’s session on a lower note at 25,851, down 0.19%. Market participants are keeping a close watch on global cues from crude oil and gold prices to currency movements for early direction.
Indian markets closed in the red on October 31. The Sensex declined 465.75 points, or 0.55%, to end at 83,938.71, while the Nifty fell 155.75 points, or 0.60%, to close at 25,722.10.
Key global and domestic cues to know on November 3, 2025
GST collections rise in October
India’s GST revenue grew 4.6% year-on-year to Rs 1.96 lakh crore in October 2025, despite recent tax cuts announced by the GST Council ahead of the festive season. Government data showed collections increased from Rs 1.87 lakh crore in the same month last year.
Asian Markets
Asian markets showed a mixed start on Monday. South Korea’s Kospi opened higher with over 1% gains, while the Kosdaq also inched up in early trade. In contrast, Australia’s ASX 200 began the session on a weaker note, slipping around 0.4%. Trading in Japan remained shut due to a public holiday.
US market
US markets ended higher on Friday (October 31). The Nasdaq Composite rose 0.61% to close at 23,724.96, while the S&P 500 gained 0.26% to end at 6,840.20. The Dow Jones Industrial Average added 40.75 points, or 0.09%, to settle at 47,562.87.
US-China trade agreement
US President Donald Trump announced a trade and economic deal with China on Saturday, marking a pause in the months-long tariff battle. Both nations agreed to suspend retaliatory measures imposed over the past six months. As part of the deal, China will lift export controls on rare earth materials and open its markets to US farm products, including soybeans, pork, and wheat. Beijing also agreed to halt non-tariff restrictions and remove certain US firms from its unreliable entity list.
Ahead of the announcement, the POTUS on Truth Social wrote, “My G2 meeting with President Xi of China was a great one for both of our countries. This meeting will lead to everlasting peace and success. God bless both China and the USA!”
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.02% up at 99.82 on Monday 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 appreciated 0.07% to close at 88.77 to the dollar on October 31.
Crude Oil
Crude oil prices moved higher on Monday, with WTI crude up 0.71% at $61.40 per barrel and Brent crude gaining 0.67% to trade at $65.21 per barrel in early deals.
FII, DII data
Foreign Institutional Investors (FIIs) offloaded Indian equities worth Rs 6,769 crore on October 31, according to provisional exchange data. On the other hand, Domestic Institutional Investors (DIIs) turned net buyers, investing Rs 7,068 crore in the market on the same day.
Gold rate today
In the latest on the yellow metal, the gold rate in Dubai, 24-carat gold was priced at AED 482.25 per gram, while 22-carat traded at AED 446.50 per gram and 18-carat at AED 367 per gram.
As per Goodreturns, in India, the 24-carat gold rate today is Rs 1,22,990/10 gm, while 22-carat gold costs Rs 1,12,740. For those preferring 18-carat gold, the price is Rs 92,240 for the same weight.
Top sectors in the last trading session
In sectoral action, alcoholic beverages stocks gained around 1.68%, while defence shares were up 1.45%. The engineering sector also saw modest gains of 0.66%, and the SME segment edged higher by 0.37%.
Best and worst performing business group in last trading session
Among major groups, Patodia Group shares rose the most with a 3.35% gain, followed by Oswal Group up 1.86%, Yash Birla Group up 1.45%, and Shriram Group up 1.06%. On the other hand, Jaipuria Group slipped 2.11%, Dhanuka Group fell 2.5%, and Manipal Group declined 2.52%.