Stock Market Today: GIFT Nifty Edges Higher, Gold Surges to New Highs
By ScanX News Team
GIFT Nifty suggests a flat to slightly positive opening for Indian markets. US futures indicate caution, while gold surges to a record $3,242/oz. Crude oil shows modest gains, and the rupee opens stronger against the dollar. FIIs were net sellers, while DIIs were net buyers in the previous session. Key corporate actions include results from IREDA and MRP Agro, and a stock split for Kapil Raj Finance.
*this image is generated using AI for illustrative purposes only.
Global Market Sentiment
As markets open for trading on April 15, 2025, global cues present a mixed picture. While Asian markets show some resilience, overnight performance in the US was tepid, setting a cautious tone for the day.
GIFT Nifty Update
GIFT Nifty futures are trading at 23,305, up 0.01% from the previous close, indicating a flat to slightly positive start for the benchmark indices.
US Markets
US stock futures are pointing to a softer opening after a muted session on Monday. The E-Mini S&P 500 futures are down 0.10% at 5,435.5, reflecting some caution among investors.
Commodity Trends
Gold continues its remarkable rally, with futures touching a new all-time high of $3,242 per ounce, up 0.35%. This surge underscores persistent demand for safe-haven assets amid global economic uncertainties.
Crude oil prices are showing modest gains, with WTI crude up 0.26% at $61.69 per barrel.
Currency Updates
The Indian Rupee opened slightly stronger against the US Dollar. The USD/INR pair is trading at 85.942, down 0.07% from the previous close.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers on April 7, offloading shares worth ₹20,911.30 crores. In contrast, Domestic Institutional Investors (DIIs) were net buyers, purchasing shares valued at ₹21,955.62 crores.
Key Corporate Actions
Several companies have important events scheduled for today:
- IREDA and MRP Agro will announce their quarterly results.
- Hexaware Technologies will trade ex-dividend for an interim dividend of ₹5.75 per share.
- Kapil Raj Finance will undergo a stock split in the ratio of 1:10.
Global Events to Watch
Investors will be closely monitoring any developments in global trade relations and central bank communications that could impact market sentiment.
As the trading day begins, market participants are advised to approach with caution, given the mixed global cues and ongoing economic uncertainties.
