GIFT Nifty flat as CPI drops, US shutdown vote in focus
after close1 source ↓written by the desknot a recommendation
- historic low
- 0.25% y/y
- the Dow
- 0.68%
India's GIFT Nifty opened at 25,942, down 0.06%, indicating a muted start. CPI for October fell to a historic low of 0.25% y/y, raising expectations for a rate cut in December. Meanwhile, Wall Street closed positively, with the Dow up 0.68%, as hopes grow for a resolution to the US government shutdown. 📈
Key Points:
• FIIs sold ₹1,750 cr, while DIIs bought ₹5,127 cr
• Crude oil remains in the mid-$60s amid mixed signals
• Final day for PhysicsWallah and Emmvee IPO subscriptions.
Not investment advice. For informational purposes only.