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Pre-market Update: Gift Nifty signals positive start; Modi-Xi meeting boosts sentiment amid global trade uncertainty

Published on 01/09/2025 08:35 AM

Pre-market update: Indian equity benchmarks are poised for a firm start on Monday, tracking positive cues from GIFT Nifty futures. As of 7:30 AM, GIFT Nifty was trading 40 points higher at 24,608, indicating a strong opening for the session.

Investor focus will also be on geopolitical developments after a key meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping. Amid ongoing US-led trade tensions, both leaders agreed that India and China could play a pivotal role in stabilising global trade — a move that may boost hopes of improved bilateral relations and regional cooperation.

On the domestic front, the market awaits updates on tariff negotiations and policy announcements, particularly around Goods and Services Tax (GST) rationalisation. Currency movements and global crude oil prices will also be closely watched.

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Asian equities largely declined after a US federal appeals court ruled former President Trump’s “reciprocal tariffs” were unconstitutional.

Nikkei 225: Down 0.92 per cent

Kospi: Down 0.85 per cent

ASX 200: Down 0.17 per cent

Shanghai Composite: Up 0.20 per cent

US markets closed lower as fresh inflation data suggested tariffs are beginning to impact consumer prices.

S&P 500: Down 0.64 per cent

Nasdaq Composite: Down 1.15 per cent

Dow Jones: Down 0.20 per cent

Indian benchmarks ended last week on a weak note.

BSE Sensex: Fell by 1,497.2 points or 1.84 per cent

NSE Nifty50: Dropped 443.25 points or 1.78 per cent

FII Activity: Net sold shares worth Rs 8,092.90 crore

DII Activity: Net bought shares worth Rs 10,925.34 crore

Mainboard: Amanta Healthcare IPO opens today. Allotments to be finalised for Anlon Healthcare and Vikran Engineering.

SME Segment: Rachit Prints IPO launches; Oval Projects Engineering IPO closes.

Debut Listings: Shares of Classic Electrodes (India), Shivashrit Foods, and Anondita Medicare to list today.

Abril Paper Tech, Snehaa Organics, and Sugs Lloyd enter Day 2 of subscription.

RBL Bank: Board approves equity fundraising of up to Rs 3,500 crore via QIP and Rs 3,000 crore via debt issuance.

BHEL: Signs licensing agreement with DRDO for indigenous production of fused silica radar domes for missile systems.

Torrent Power: Wins Letter of Award to develop a 1,600 MW coal-based power plant in Madhya Pradesh — its largest-ever investment in the sector.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.