GIFT Nifty (Gains): GIFT Nifty futures were trading higher at 25,246.50, suggesting a positive start for Indian markets.
Asian Markets (Gain): Asian stocks surged after strong U.S. labor data dispelled recession fears. Japan’s Nikkei led with a 2% rally, supported by a weaker yen. Taiwan and Hong Kong also saw significant gains.
U.S. Equities (Gain): The Dow, S&P 500, and Nasdaq closed higher on Friday, driven by better-than-expected jobs data, with Nasdaq gaining 1.22%.
U.S. Bond Yields (Mixed): The U.S. 10-year Treasury yield remained flat at 3.96%, while the 2-year yield rose 42 bps to 3.93% after strong non-farm payroll data.
Dollar Index (Up): The dollar index strengthened, hitting 102.47 after strong U.S. jobs data, signaling a robust U.S. economy.
Asian Currencies (Mixed): Asian currencies showed mixed performance, with the Malaysian Ringgit weakening the most, while the South Korean Won and Japanese Yen strengthened.
Gold (Flat): Gold prices dipped slightly by 0.14%, while silver rose by 0.10% in early Asian trade.
Crude Oil (Down): Oil prices declined after a strong weekly gain amid fears of escalating conflict in the Middle East. Brent crude fell by 0.47%, and U.S. West Texas crude dropped by 0.36%.
LME Commodities (Gain): Base metals saw gains, with Zinc and Aluminium rising by 1%, and Nickel gaining 2.29%.
Fund Flow Action: Foreign Institutional Investors (FIIs) continued to sell, with net outflows of ₹9,896.95 crore on October 4, while Domestic Institutional Investors (DIIs) purchased equities worth ₹8,905 crore.