Indian markets gained on Friday following gains in auto and banking shares even as investors turned cautious due to FII outflows and a record fall in the rupee.

GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded higher by 14.50 points, or 0.06 per cent, at 23,978, signaling that Dalal Street was headed for muted start on Monday.

US stocks fall

Wall Street's holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week.

Asian shares down

Asian stocks were mostly lower in early trading after US equities dropped on Friday, led by losses in technology shares. The MSCI Asia Pacific Index snapped a five-day rally as shares slipped in Australia while Japan’s Nikkei 225 Stock Average also fell. Treasuries were little changed in early trading after yields climbed last week. Trading is likely to remain slim — amplifying potential moves — due to the year-end holiday season.
S&P 500 

Gold gains

Gold climbed on Monday as conflict in the Middle East lifted bullion's safe-haven appeal, while investors looked forward to U.S. Federal Reserve's interest rate outlook and Donald Trump's tariff policies, which could shape the metal's 2025 trajectory.

Rupee

The rupee on Friday registered the steepest fall in almost two years to hit its lifetime intraday low of 85.80 before a suspected central bank intervention helped recover some of its losses.

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