The Indian benchmark indices are set to open on a flat note, as the Gift Nifty was marginally up, though the global markets traded positively. As of 8:20 am, the Gifty Nifty was up 0.02% or 14.5 points, at 24,965. 

In the global markets, the US benchmark indices rebounded in Monday’s session as investors wait for inflation reports, which could bolster hopes for the Federal Reserve rate cut. The American markets were down in the previous session as data on the softer US job market raised concerns about the country’s economic health. The Nasdaq hit a new high in intraday trading, and closed above by 0.45%, whereas the Dow Jones Industrial Average advanced 0.25%, and the S&P 500 was up 0.21% 

The Asian markets, too, are pinning hopes on the Federal Reserve rate cut, with Japan’s Nikkei 225 index up by 0.11%, and Shanghai Composite rising by0.04%. Meanwhile, Singapore’s Straits Times was down by 0.24%. 

Both Brent Crude and crude oil were up by 0.51% each, as OPEC decided to continue increasing oil production for October, but at a much lower rate of 137,000 barrels per day. The monthly increase seen for September was about 555,000 barrels per day. 

Meanwhile, top officials from the European Union and the US plan to meet, as the American President, Donald Trump, plans to impose secondary sanctions on countries that buy Russian oil. This move comes as an action against Russia’s war against Ukraine. Among the countries that would be affected by these secondary sanctions is India, which already faces headwinds from 50% tariffs imposed on Indian imports.  

Foreign institutional investors (FIIs) sold net shares worth ₹2,170.35 crore, while Domestic Institutional Investors (DIIs) purchased 3,014.30 crore worth of net shares on Monday. 

The Indian markets could not hold on to the gains made during yesterday’s trading session, as both Sensex and Nifty were off from their day’s high during the final hours. The BSE Sensex closed at 80,787.30, rising by 76.54 points, whereas the NSE Nifty ended at 24,773.15, increasing by 0.13%. 

Today, Infosys’ stocks will be in focus as the company will be reviewing a proposal for the buyback of its equity shares during a meeting to be held on September 11. TVS Motor has announced revised rates on its portfolio, as the GST reforms have led to a 10% reduction, from 28% to 18% for two-wheelers under 350cc. Hero MotoCorp’s shares will also be tracked as the two-wheeler company has appointed Harshavardhan Chitale as its CEO, effective January 5, 2026.