Opening Bell: Global Cues Mixed as GIFT Nifty Dips at Market Start
By ScanX News Team
Indian markets are poised for a soft opening with GIFT Nifty down 0.29% at 23,686.5. US futures show resilience, while Asian markets display mixed trends. Crude oil edges up 0.27%, gold dips 0.18%. The rupee weakens slightly against the dollar. FIIs were net buyers (₹8,427.33 Cr) while DIIs were net sellers (₹2,670.33 Cr) in the last session. Traders should watch for economic data releases and geopolitical developments that may influence market sentiment.
*this image is generated using AI for illustrative purposes only.
Market Overview
As the trading session begins on March 26, 2025, global markets presented a mixed picture, setting the stage for a potentially volatile session.
GIFT Nifty Update
The GIFT Nifty futures trading on the NSE International Exchange indicated a soft start for the domestic markets. As of the latest update, GIFT Nifty is down 69.5 points or 0.29% at 23,686.5, suggesting a gap-down opening for the benchmark indices.
US Markets
Overnight, Wall Street showed resilience with the Dow Jones Industrial Average futures edging up slightly. The Dow futures rose to 42,590, up 2.5 points or 0.01% from the previous close.
Asian Markets
Asian markets are showing mixed trends in early trade, with investors closely watching global economic cues and commodity price movements.
Commodity Trends
Crude oil prices have shown a slight uptick, with WTI crude trading at $69.19 per barrel, up 0.27%. Gold futures are experiencing a minor correction, trading at $3,020.4 per ounce, down 0.18%. Silver futures are also down marginally at $34.14 per ounce.
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 69.19 | +0.27 |
| Gold | 3,020.40 | -0.18 |
| Silver | 34.14 | -0.14 |
Currency Updates
The USD/INR pair is trading at 85.73, up 0.19%, indicating a slight weakening of the rupee against the dollar. The EUR/USD pair is at 1.07859, down 0.04%, suggesting a marginal strengthening of the dollar against the euro.
FII/DII Activity
Recent data shows contrasting activity between Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs):
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 34,844.01 | 26,416.68 | +8,427.33 |
| DII | 24,572.27 | 27,242.60 | -2,670.33 |
FIIs have been net buyers, while DIIs have been net sellers in the most recent trading session.
Key Global Events
Traders will be keeping an eye on any significant economic data releases and geopolitical developments that could impact market sentiment during the day.
Conclusion
The markets opened to a cautious start with mixed global cues but as always, market dynamics can shift rapidly as the session progresses.
