Opening Bell: Global Cues Set Cautious Tone as GIFT Nifty Edges Lower
By ScanX News Team
GIFT Nifty down 0.5 points at 23,226, indicating a flat to slightly negative opening. US markets closed lower, with Dow futures down 0.4%. Asian markets mixed in early trade. Crude oil prices edge lower, while gold continues upward. USD/INR slightly higher at 85.258. FIIs were net sellers of ₹10,246.51 crore, while DIIs net bought ₹7,352.88 crore in the last session.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing mixed signals as traders prepare for the opening bell on April 4, 2025. A slight dip in GIFT Nifty futures suggests a cautious start for domestic equities.
GIFT Nifty Update
GIFT Nifty is trading at 23,226, down 0.5 points from the previous close of 23,226.5, indicating a flat to slightly negative opening for the NSE and BSE.
US Markets
Overnight, US markets closed lower, with the Dow Jones futures currently down 0.4% at 40,383. This weakness in US equities could weigh on sentiment.
Asian Markets
Asian markets are showing a mixed trend in early trade, with investors closely watching global economic cues.
Commodity Trends
Crude oil prices have edged lower, with WTI crude trading at $66.64 per barrel, down 0.46%. Gold continues its upward trajectory, with futures at $3,129.9 per ounce, up 0.26%. Silver futures are down 0.63% at $31.77 per ounce.
Currency Updates
The USD/INR pair is trading slightly higher at 85.258, up 0.04%. The Euro has strengthened against the dollar, with EUR/USD up 0.10% at 1.10623.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers in the last session, offloading ₹10,246.51 crore worth of shares. Domestic Institutional Investors (DIIs) were net buyers, purchasing ₹7,352.88 crore worth of equities.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII | 32,261.22 | 42,507.73 | -10,246.51 |
| DII | 36,028.94 | 28,676.06 | 7,352.88 |
Key Global Events
Traders will be monitoring several corporate actions scheduled for today, including stock splits, dividends, and rights issues for various companies.
Conclusion
As the markets open, investors will be balancing global cues with domestic factors. The slight dip in GIFT Nifty and mixed global signals suggest a cautious start to the trading session.
