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How will the market open today? Gift Nifty higher, Nikkei up 0.8% - 9 cues to watch out for at this hour

  //stocks-investing.news-articles.net/content/202 .. up-0-8-9-cues-to-watch-out-for-at-this-hour.html
  Published in Stocks and Investing on Thursday, October 23rd 2025 at 22:49 GMT by The Financial Express

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How Will the Market Open Today? Gift Nifty Higher, Nikkei Up 0.8 % – Cues to Watch Out for at This Hour

The Indian market, the Nikkei and global indices all look poised for a lively opening. The article, published by Financial Express on October 23, 2024, presents a pre‑market analysis that blends domestic sentiment with a close watch on global cues, key economic data releases and technical levels that could shape the day’s trading.

1. The Indian Market: A Gift‑Scented Opening for the Nifty

• Positive Sentiment: The Nifty 50 and the BSE Sensex are expected to open higher, buoyed by a blend of optimism around a possible easing of foreign‑exchange pressures and a favourable backdrop in the US and Japan. Analysts predict a modest gain of 0.3‑0.5 % in the early hours as traders react to the latest global data.

• Support Levels: The key technical support for the Nifty sits around the 21,650 mark, while resistance lies near 21,950. If the index manages to stay above the 21,700 level, a climb towards the 22,000 area could be in reach, potentially setting a bullish tone for the rest of the trading day.

• Market‑specific Factors: RBI’s monetary policy stance and the recent commentary from the Finance Ministry on tax reforms are being closely monitored. A positive stance on the corporate tax regime could serve as an additional catalyst for higher starts.

2. Nikkei: Rising 0.8 % as Global Cues Remain Strong

• Strong Opening: The Nikkei 225, which opened higher at 27,600 points, is on course to maintain a 0.8 % rise. Japanese market participants are looking at both domestic policy signals from the Bank of Japan and international cues such as the Fed minutes and the US dollar index.

• Inflation and Currency: The Japanese yen’s exchange rate against the dollar is a key determinant. With the dollar index on a slight decline, the yen has been under pressure, contributing to a rise in the Nikkei. Japan’s consumer price index (CPI) is expected to be released later in the day, which could influence the Bank of Japan’s future stance.

• Technical View: The Nikkei is trading above its 200‑day moving average and shows healthy momentum. Resistance is seen around 28,000 points, and any break above this could signal a strong bullish bias for the week.

3. Global Cues That Could Influence the Indian Market

3.1 United States

• Federal Reserve Minutes: The Fed’s meeting minutes are due at 3 p.m. ET (10:30 a.m. IST). A hawkish tone could dampen risk‑off sentiment, whereas a dovish stance might buoy the markets. Market participants are watching for any indications of easing in interest‑rate hikes.

• US Dollar Index: A modest decline in the USD index has been observed, which could indirectly support emerging‑market currencies like the Indian rupee. A weaker dollar typically encourages global risk appetite, benefiting Indian equities.

• Economic Data: While the US Consumer Price Index (CPI) for September is not yet released, the PCE price index will be announced later in the week. Additionally, US non‑farm payrolls scheduled for next week will provide a clear signal on the health of the American economy.

3.2 Europe

• Eurozone Inflation: The European Central Bank’s latest policy statement, due on Friday, will hint at future policy tightening or easing. European markets’ performance will be measured against these signals.

• UK Market: The UK’s market opening will be influenced by the Bank of England’s forthcoming inflation data. The GBP/USD pair will also influence global risk sentiment.

3.3 Asia

• China’s Economic Data: Chinese manufacturing data from October 24 will provide insight into the world’s second‑largest economy. A slowdown could affect global commodity prices, which, in turn, influence Indian sectors such as steel and energy.

• Hong Kong: The HKSE is expected to open higher following a supportive stance from the Hong Kong Monetary Authority.

4. Key Events and Releases for the Day

5. What Traders Should Watch

1. Currency Movements: Keep an eye on the USD/INR pair. A sudden strengthening of the dollar could put downward pressure on the Nifty, while a weaker dollar would likely lift it.

2. Fed Minutes Tone: A hawkish tone might trigger risk‑off selling. A dovish tone or signs of policy easing could boost the market.

3. Global Economic Indicators: US and Eurozone inflation reports will determine the monetary policy trajectory. Any surprise could cause swift market adjustments.

4. Indian Data Releases: The upcoming inflation data (Retail Inflation Index) for October will play a significant role. Market sentiment could shift if the CPI shows higher-than‑expected inflation.

5. Technical Levels: Watch the Nifty’s 21,700 level. A break below could prompt short‑term selling. Conversely, staying above can reinforce bullish momentum.

6. Final Outlook

The pre‑market analysis paints a cautiously optimistic picture. With global cues largely supportive, the Nifty is expected to open higher and potentially close the day near the 22,000 level if it stays above the 21,700 support. The Nikkei, buoyed by a favorable dollar index and a robust technical stance, is likely to maintain its upward trajectory.

Traders should keep a close watch on the Fed minutes and currency movements, as these will be the primary drivers of risk sentiment today. The interplay between global macro‑economic data and domestic factors will ultimately determine the market’s trajectory throughout the day.