Sensex, Nifty set to open muted, tracking mixed global cues; Ola Electric, NTPC Green Energy shares in focus 

The Indian equity indices are expected to open on a tepid note due to mixed cues in the global markets. Investors will be keeping an eye on developments in the US-China trade deal and the US Federal Reserve's interest rate cut this week. In the meantime, US President Donald Trump met Japan’s new prime minister, Sanae Takaichi, to discuss security and trade. China, too, has upgraded its FTA deal with ASEAN, adding digital and green economy, while adding new industries. 

Asian markets were trading mixed, as Japan’s Nikkei 225 slipped by 0.19%, after the Trump and Takaichi meeting, while the Hang Seng and the South Korea KOSPI also declined by 0.1% and 1% respectively. The positive sentiment surrounding the US-China trade deal seems to have cooled off, as the Shanghai Composite declined by 01% as well. Asian indices that were trading in the green were Singapore’s Straits Times and the Taiwan Weighted, each up by 0.62% and 0.30%.

US markets, on the other hand, rallied to record new closing highs, amidst hopes of a Fed rate cut and the U.S.-China trade deal.  The S&P 500 gained 83.47 points, or 1.23%, to 6,875.16, and the Nasdaq Composite closed 432.59 points, or 1.86%, higher at 23,637.46. The Dow Jones Industrial Average rallied 337.47 points, or 0.71%, to 47,544.59.

Due to the above global developments, domestic cues remain rather flat today after the benchmark indices advanced substantially in the previous trade. At 8:10 am, the Gift Nifty index was trading at a discount of 15 points or 0.06%, at 26,213.50. 

In yesterday’s session, the Sensex soared 566.96 points, or 0.67%, to close at 84,778.84, while the Nifty 50 closed 170.90 points, or 0.66%, higher at 25,966.05. 

Stocks in focus:

Q2 Announcements: TVS Motor Company, Adani Green Energy, Adani Total Gas, Tata Capital, Mahindra & Mahindra Financial Services, Blue Dart Express, CarTrade Tech, Happiest Minds Technologies, ICRA, Jindal Steel, Novartis India are set to announce their earnings today. 

Ola Electric: The electric two-wheeler manufacturer has announced plans to expand its in-house service network and technology division by extending access to independent garages and fleet operators through Hyperservice, an open platform. 

Bata India: The shoe maker recorded its third straight decline in profits—a 73.26% decline in consolidated net profit at Rs 13.9 crore in the September quarter. The profit was impacted by lower revenue and higher expenses, while the company noted that post the GST reforms and festive season, recovery signs were noticed in September. 

NTPC Green Energy: The company has signed a Memorandum of Understanding (MoU) with Paradip Port Authority during India Maritime Week 2025 in Mumbai. The MOU aims to collaborate on implementing green hydrogen-based mobility projects in the Paradip Port area and explore the possibilities of the deployment of projects for Green Hydrogen and its derivatives.

Indian Oil Corporation: It has reported a consolidated net profit of Rs 8,190.86 crore in Q2FY2026, while it had reported a loss of Rs 448.78 crore in Q2 in the previous fiscal year. Quarterly, Indian Oil reported a 20% YoY net profit growth.