From RBI’s bold rate cut and strong Wall Street rally to US-China trade negotiations and gold price volatility — here’s what moved markets over the weekend and what investors should watch on Monday.
June 9, 2025: The Indian stock market is poised for a strong start this week, backed by global optimism, easing inflation concerns, and bullish cues from the US and Asia. Here are the 8 key developments that will shape Monday’s market opening:
1. Gift Nifty Hints at Positive Start
Gift Nifty was trading around 25,167, nearly 70 points above Friday’s Nifty futures close, signaling a positive opening for Indian benchmark indices — Nifty 50 and Sensex.
2. RBI’s Surprise Rate Cut Boosts Sentiment
The Reserve Bank of India slashed the repo rate by 50 basis points to 5.50% and reduced the CRR by 100 bps to 3%, leading to Friday’s market surge. Sensex rallied 746 points to close at 82,188.99, while Nifty jumped 252 points to 25,003.05.
3. Wall Street Rally Fuels Global Momentum
US indices hit multi-month highs, with the S&P 500 closing above 6,000 for the first time since February. The Dow gained 1.05%, while Nasdaq surged 1.20%, driven by tech stocks like Tesla, Amazon, Alphabet, and Apple.
4. US-China Trade Talks in London Today
High-level trade talks between US and Chinese officials in London could ease global tensions. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the discussions.
5. Strong US Jobs Report Calms Recession Fears
US nonfarm payrolls rose by 139,000 in May, slightly above expectations, with unemployment steady at 4.2%. The data indicates a stable labor market, helping ease global economic concerns.
6. Gold Prices Cool Off Amid Risk Appetite
Gold dipped slightly with spot prices at $3,303/oz, down 0.2%, while US futures declined 0.7% to $3,323 amid improving risk sentiment and strong US data. In India, gold remains near record highs, offering profit-booking opportunities.
7. Asia Markets in Green Ahead of Trade Talks
Asia opened higher on Monday:
- Nikkei 225 up 0.95%
- Kospi jumped 1.73%
- Hang Seng futures indicated a positive bias
This sets a bullish tone for Indian equities.
8. Oil Prices Flat Ahead of Geopolitical Cues
Crude remained range-bound:
- Brent at $66.41/barrel
- WTI at $64.52/barrel
Investors await outcomes of the US-China trade meeting to gauge future demand trends.
Expert Take:
Ajit Mishra of Religare Broking says, “Rate-sensitive sectors and infrastructure themes like railways may remain in focus. A buy-on-dips strategy with selective stock picking is advisable in this phase.”
Tags:
Indian stock market, Sensex today, Nifty 50, Gift Nifty, RBI rate cut, US China trade talks, gold prices, Wall Street rally, Asian markets, crude oil prices