Opening Bell: Global Cues Signal Mixed Start as Markets Eye Commodities
By ScanX News Team
GIFT Nifty futures up 0.09% at 22,581, hinting at a mildly positive start. US futures show weakness with Dow futures down 0.43%. Crude oil rebounds 1.10% to $67.92, while gold slightly dips. USD/INR at 86.914, indicating rupee appreciation. FIIs were net sellers (₹5,729.68 cr outflow) while DIIs were net buyers (₹5,499.47 cr inflow) on March 10. Traders eye commodity trends and global economic developments.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on March 17, 2025, global cues present a mixed picture, with commodities and currency movements taking center stage.
GIFT Nifty Update
GIFT Nifty futures are trading at 22,581, up 20 points or 0.09% from the previous close. This suggests a mildly positive start for the broader market.
US Markets
Overnight, US stock futures showed some weakness. Dow futures are down 0.43% at 41,308, indicating potential caution among investors.
Commodity Trends
The commodities market is showing interesting movements:
- Crude oil has rebounded, trading at $67.92, up 1.10% from the previous close.
- Gold futures are slightly down at $2,996.9, a marginal decrease of 0.14%.
- Natural gas prices have risen by 1.02% to $4.146.
| Commodity | Price | Change % |
|---|---|---|
| Crude Oil | $67.92 | +1.10 |
| Gold | $2,996.9 | -0.14 |
| Natural Gas | $4.146 | +1.02 |
| Silver | $34.375 | -0.17 |
Currency Updates
The USD/INR pair is trading at 86.914, showing a slight appreciation of the rupee with a 0.008% decrease. Meanwhile, the EUR/USD is at 1.08825, up by 0.068%.
FII/DII Activity
Recent data shows contrasting activities between Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs):
- FIIs were net sellers on March 10, with a net outflow of ₹5,729.68 crores.
- DIIs, on the other hand, were net buyers with a net inflow of ₹5,499.47 crores.
Key Global Events
Traders should keep an eye on any developments in global economic policies and geopolitical events that could impact market sentiment during the day.
Conclusion
As the markets open, investors will likely focus on the interplay between global cues, commodity prices, and institutional investor activity. The slightly positive GIFT Nifty suggests a cautious but optimistic start, while movements in crude oil and precious metals could influence sector-specific trends throughout the session.
