Indian markets began their trading session in green, with the NIFTY 50 trading at 26,057.20, up by 0.73%, and the SENSEX up by 0.86% at 85,154.15 in the pre-trading session.Global cuesThe Asian markets traded in red, amid trade tensions between the U.S. and China.The U.S. markets traded mixed after emerging trade worries and mixed corporate earnings.Gift NiftyOn October 23, 2025, the GIFT Nifty traded in the red, following capital outflows and weak Asian markets.Asian Markets ASIAN MARKETSLTPPrev close% changeGIFT NIFTY26,207.0026,288.00-0.31%Nikkei 22548,664.7449,307.79-1.30%Hang Seng25,763.0025,781.78-0.07%Taiwan27,536.5727,649.07-0.41%KOSPI3,881.403,883.68-0.06% The Asian Markets traded weakly after the renewed trade tensions ahead of a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping.US & European Markets US MARKETSLTPPrev close% changeDOW JONES46,611.4146,945.74-0.71%S&P 5006,761.256,749.000.18%Nasdaq23,032.5022,964.250.30% Dow Jones declined over disappointing corporate earnings from companies like Netflix.S&P 500 and Nasdaq gained on better-than-expected earnings from Tesla and Intuitive Surgical. EU MARKETSLTPPrev close% changeFTSE9,515.009,426.990.93%CAC8,206.878,258.86-0.63%DAX24,151.1324,330.03-0.74% The UK’s FTSE gained after steady inflation data at 3.8%.France’s CAC traded lower on losses in the Consumer Goods, Technology, and Healthcare sectors.The DAX closed lower due to losses in the Technology, Construction, and Consumer & Cyclical sectors.Commodities COMMODITIESLTP ($)Prev close% changeBRENT CRUDE64.120062.59002.39%GOLD4,082.53004,100.4400-0.44%CRUDE OIL59.990058.50002.48%NATURAL GAS4.03504.00300.79%SILVER48.434548.4978-0.13% Crude oil prices rose over rising geopolitical tensions and supply concerns.Precious metals, such as gold and silver, dropped as investors booked profits after the recent rally.Natural gas prices gained after Atmospheric G2 projected cooler temperatures in a large portion of the central and eastern U.S for October 26-30.Currency Movements CURRENCYLTPPrev close% changeDOLLAR INDEX99.050098.9000-0.15%USD/INR87.930087.8300-0.11%GBP/INR117.6229117.69400.06%EUR/INR102.5464102.54640.00% The Dollar index strengthened as traders waited for the delayed release of U.S. consumer inflation data on Friday.The pound weakened against the rupee after the release of CPI Inflation data by the U.K., which led to selling pressure in the currency.Sectors to watchOil and Gas: With rising global uncertainties and increasing global crude oil prices, the Oil and gas sector will be a key area to watch.IT: The decline in global tech stocks is likely to impact Indian IT companies.Metals: The fall in global and silver prices will impact the overall metal sector today.Stocks to watchBharat Electronics: Bharat Electronics received an order from Cochin Shipyard worth ₹633 crore for the supply of items required for various sensors, weapon equipment, fire control systems, and communication equipment.Kirloskar Ferrous Industries: Kirloskar Ferrous Industries received a contract from ONGC worth ₹358 crore for the supply of regular EUE tubing, pup joints, and crossovers.HCL Technologies: HCL Technologies entered into a strategic partnership with the world’s first Islamic bank, DIB, to accelerate the adoption of Artificial Intelligence (AI) across its ecosystem.Bharti Airtel: Shivan Bhargava has resigned as Director – Customer Experience of Bharti Airtel.FII and DII Inflows - 21st Oct 2025 CategoryBuy ValueSell ValueNet ValueDII324.13931.14-607.01FII/FPI 622.39525.6796.72 (The above numbers are in ₹ Cr)On 21st October, on the day of Muhurat trading, the net outflows were ₹ 510.29 crore. FIIs stood as net buyers, led by positive sentiment due to Diwali 2025 and strong corporate earnings, while DIIs turned into net sellers after booking profits.Global Events & UpdatesOn October 23, the Eurozone will be releasing its Consumer Confidence data, which indicates the sentiment of consumers towards the economy.Mexico will be releasing its retail sales data today.The U.S is set to release its existing home sales data today.Things to look out forJapan’s trade deficit was recorded at JPY 234.6 billion for September 2025.The UK’s annual inflation rate remained steady at 3.8% in September 2025.ReferencesAsia stocks slip as US-China trade tensions heat up again; Nikkei top loserFrance shares lower at close of trade; CAC 40 down 0.63%Germany stocks lower at close of trade; DAX down 0.71%Nat-Gas Prices Rise as US Weather Forecasts Turn Colder