Overview

• Benchmarks had closed higher for a second day on Friday, with the Sensex at 82,501 and the Nifty at 25,285, led by pharma and banking shares.
• Early trade on Monday saw a pullback, with the Sensex down over 300 points and the Nifty lower by about 100 points as global risk sentiment softened.
• Attention turns to domestic price data, with September CPI due Monday and WPI on Tuesday, alongside a heavy Q2 results slate for major IT and banking names.
• Tata Capital’s roughly $1.75 billion IPO makes its market debut today, drawing liquidity and investor focus in a busy primary-market period.
• Renewed US–China trade tensions, including the President’s planned additional 100% tariff on Chinese goods from November 1, pressured global equities after sharp US declines and could sway FII flows, which reversed to Rs 1,751 crore of net buying last week.