Market Closure
Indian equity markets were closed on Friday, 2 October 2026, in observance of the Gandhi Jayanti holiday. Consequently, the Nifty 50 and BSE Sensex 30 indices were unavailable for trading, and no official gainers or losers were reported for the session.
Currency Movement
The Indian rupee weakened against the U.S. dollar, with the USD/INR rate trading at 96.489, marking a 0.39% rise from the previous level. This depreciation adds cost pressure to dollar‑denominated imports, especially as the country continues to import crude oil at elevated prices.
Commodity Prices
Brent crude oil was priced at $102.33 per barrel, remaining above the psychologically significant $100‑per‑barrel threshold, while West Texas Intermediate (WTI) traded at $92.73 per barrel, down 0.15% from its prior level. The sustained strength in Brent is highlighted as a factor that could increase India’s import bill, affect corporate margins, and influence the inflation outlook.
Gold Price
Spot gold held steady at $4,202.82 per ounce, with investors monitoring global monetary‑policy expectations, inflation risks, and demand for safe‑haven assets.
Market Outlook
With equities closed for the holiday, the next trading session is expected to reflect global market movements observed during the break. Market participants will continue to watch crude‑oil price dynamics, rupee movements, foreign fund flows, global equity trends, geopolitical developments, and monetary‑policy expectations. The combination of Brent trading above $100 and a weaker rupee is identified as a key influence on India’s import costs and inflation trajectory when domestic markets resume trading.