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Pre-market Update: Indian equities are likely to open lower on Monday, tracking mixed global cues and persistent foreign outflows. At 7:59 AM, GIFT Nifty futures were down 47 points at 24,959, hinting at a subdued start for benchmark indices.

According to National Securities Depository data, foreign portfolio investors (FPIs) offloaded $2.7 billion worth of Indian equities in September — marking the third consecutive month of selling and putting 2025 on course for record foreign outflows.

On the economic front, investors will watch out for India’s HSBC Composite and Services PMI final readings due later today for fresh growth cues.

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Globally, Japan’s Nikkei 225 surged over 4 per cent to a record high after the ruling Liberal Democratic Party elected staunch conservative Sanae Takaichi as its new leader, clearing the way for her to become Japan’s first female prime minister. Markets in China and South Korea remained shut for holidays.

In the US, Wall Street ended mixed on Friday as the looming government shutdown continued to weigh on sentiment. Lawmakers once again failed to reach a funding deal, delaying key economic data releases, including the September jobs report. The S&P 500 closed flat, the Dow Jones gained 0.51 per cent, while the Nasdaq slipped 0.28 per cent.

On the commodities front, Brent crude advanced nearly 1 per cent to $65.16 a barrel after Opec+ announced a smaller-than-expected supply hike. Gold prices hit a fresh all-time high above $3,900 per ounce as safe-haven buying intensified amid shutdown fears and expectations of further Federal Reserve rate cuts.

In the primary market, Tata Capital’s Rs 15,512-crore IPO will open for subscription today, while Pace Digitek shares will debut on the exchanges.

In the SME space, shares of KVS Castings, Rukmani Devi Garg Agro Impex, M P K Steels (I), Ameenji Rubber, Manas Polymers & Energies, and Bhavik Enterprises will list today. Meanwhile, IPOs of DSM Fresh Foods, Greenleaf Envirotech, and Shlokka Dyes will close for subscription.

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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.