On 4 November 2025, India’s equity markets are expected to open on a flat note as the GIFT Nifty trades slightly lower amid mixed signals from global markets. Asian equities were largely down while the US markets saw technology-led gains but broader indices slipped. With investor sentiment remaining cautious ahead of key global data-releases and domestic earnings, market participants are scaling back expectations. Watch for cues from the US S&P 500 futures and domestic macro data as trade begins in India.