The Indian stock market is expected to open lower on Friday, October 10, 2025, mirroring declines in global markets. Here's a breakdown of key overnight developments:

1. Global Market Cues:

• Asian Markets: Most Asian markets traded lower on Friday, following Wall Street's losses. Japan's Nikkei 225 fell by 0.60%, and the Topix declined by 0.92%. South Korea's Kospi rose 1.88%, while the Kosdaq decreased by 0.37%. Hong Kong's Hang Seng Index was also expected to open lower.
• US Markets: The US stock market closed lower on Thursday, as investors consolidated positions ahead of the third-quarter earnings season. The Dow Jones Industrial Average fell 0.52%, the S&P 500 declined 0.28%, and the Nasdaq Composite closed 0.08% lower.

2. GIFT Nifty:

• The GIFT Nifty was trading around 25,238, a discount of nearly 36 points from the Nifty futures' previous close, suggesting a negative start for Indian stock market indices.
• Formerly known as SGX Nifty, GIFT Nifty is now traded on the NSE International Exchange in Gandhinagar, Gujarat. It serves as an indicator of how the Indian stock market might perform and allows foreign investors to participate in the Indian equity market.

3. TCS Q2 Results:

• Tata Consultancy Services (TCS) announced its Q2 results for fiscal year 2025-26 (July-September) on Thursday.
• The company reported a net profit of ₹12,075 crore, a 1.4% increase year-on-year (YoY), but this fell short of market expectations.
• Operational revenue grew by 2.4% to ₹65,799 crore for the quarter ended September 2025.
• TCS's Total Contract Value (TCV) for the quarter was $10 billion.
• In an unusual move, TCS did not announce its quarterly attrition rate and total headcount figures in its press release.
• The board declared a dividend of ₹11 per share.

4. Gold Prices:

• Gold prices are subject to constant change based on various market factors.
• As of October 9, 2025, spot gold was trading around $3,991.73 per ounce.

5. Silver Prices:

• Like gold, silver prices fluctuate constantly.
• As of October 9, 2025, the live silver spot price was $49.02 per ounce.

6. Domestic Market Recap (Thursday, October 9, 2025):

• The Indian stock market ended higher on Thursday, with both benchmark indices gaining around half a percent each, led by buying across the board.
• The Sensex rallied 398.44 points, or 0.49%, to close at 82,172.10, while the Nifty 50 settled 135.65 points, or 0.54%, higher at 25,181.80.

7. Market Sentiment:

• Analysts anticipate the market to trade in a broad range with a positive bias, supported by strong domestic liquidity and improving global cues.
• Sector and stock-specific action is likely to continue, aided by the onset of the festive season and expectations of healthy Q2FY26 earnings.

Disclaimer: This article is for informational purposes only and should not be considered investment advice.