GIFT Nifty:
Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could slide 135 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading lower on Monday as the attack on Israel by Palestinian militants added to geopolitical risk sending oil prices higher. Chinese markets came back from a week-long Golden Week holiday. Japan and South Korea's markets are closed Monday for a holiday.
At dawn on Saturday during a major Jewish holiday, Palestinian militant group Hamas launched a multi-pronged infiltration into Israel ? by land, sea and air using paragliders. The attack came hours after thousands of rockets were sent from Gaza into Israel. Israeli Prime Minister Benjamin Netanyahu asserted that Hamas ?will pay a price it has never known before?.
US stocks rallied on Friday after the release of stronger-than-expected US jobs data and a pop in Treasury yields. Nonfarm payrolls increased by 336,000 jobs in September, the Department of Labor said, while data for August was revised higher to show 227,000 jobs were added instead of the previously reported 187,000. The unemployment rate was unchanged at an 18-month high of 3.8%.
Domestic markets:
Back home, the domestic stock market danced to the RBI's tune, soaring higher after the central bank kept interest rates unchanged for the fourth consecutive time. The barometer index, the S&P BSE Sensex advanced 364.06 points or 0.55% to 65,995.62. The Nifty 50 index added 107.75 points or 0.55% to 19,653.50.
Foreign portfolio investors (FPIs) sold shares worth Rs 90.29 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 783.25 crore in the Indian equity market on 6 October, provisional data showed.
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