Opening Bell: Global Cues Point to a Positive Start as GIFT Nifty Edges Higher
By ScanX News Team
GIFT Nifty futures up 0.07% at 23,510, indicating a positive opening. US futures steady, with E-Mini S&P 500 and Dow Jones futures in green. Commodities mixed: crude oil and gold up, copper and natural gas down. USD/INR at 85.839, up 0.32%. FIIs were net buyers of ₹10,667.88 Cr on Mar 24, while DIIs net sellers of ₹3,366.70 Cr.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on March 27, 2025, global cues suggest a positive start to the day's session. With key commodities showing mixed trends and major indices poised for action, let's dive into the factors shaping today's market landscape.
GIFT Nifty Update
The GIFT Nifty futures trading on the NSE International Exchange are currently at 23,510, up 16.5 points or 0.07% from the previous close. This slight uptick indicates a potentially positive opening for the broader market.
US Markets
Overnight, US markets showed resilience:
- E-Mini S&P 500 futures: 5,760.25, up 0.01%
- Dow Jones Industrial Average futures: Around 42,454, in the green
These figures suggest a steady sentiment in the American markets.
Commodity Trends
Commodities are displaying mixed signals:
| Commodity | Price | Change (%) |
|---|---|---|
| Crude Oil | $69.79 | +0.20% |
| Gold | $3,031.90 | +0.31% |
| Silver | $34.28 | +0.17% |
| Copper | $4.1995 | -0.06% |
| Natural Gas | $3.839 | -0.57% |
Crude oil is trading slightly higher, while gold continues its bullish run. Silver is also up, but copper and natural gas show slight declines.
Currency Updates
- USD/INR: 85.839, up 0.32% (indicating a slight weakening of the rupee against the dollar)
- EUR/USD: 1.0776, up 0.22%
FII/DII Activity
Recent institutional activity shows:
| Investor Type | Buy (Cr) | Sell (Cr) | Net (Cr) |
|---|---|---|---|
| FII/FPI (Mar 24) | 49,160.33 | 38,492.45 | +10,667.88 |
| DII (Mar 24) | 36,988.64 | 40,355.34 | -3,366.70 |
Foreign Institutional Investors (FIIs) were net buyers on March 24, while Domestic Institutional Investors (DIIs) were net sellers.
Conclusion
As the markets gear up for the opening bell, the slightly positive GIFT Nifty, along with steady US futures and mixed commodity trends, sets the stage for an interesting trading session. Keep an eye on global cues and institutional flows as they could play a crucial role in determining market direction throughout the day.
