Stock Market Today: GIFT Nifty Hints at Weak Start Amid Mixed Global Cues
By ScanX News Team
Global markets present a mixed picture ahead of the Indian market opening. GIFT Nifty is down 0.14% at 23,279, suggesting a potentially weak start. US futures show weakness, with S&P 500 futures down 0.85%. Gold reaches a new all-time high, surging 1.42% to $3,286.4 per ounce. Crude oil remains stable at $61.28 per barrel. The US Dollar weakens against major currencies. FIIs were net buyers of ₹6,065.78 crores on April 15, while DIIs were net sellers of ₹1,951.60 crores. Traders should remain cautious amid mixed cues and ongoing earnings season.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are presenting a mixed picture ahead of the opening bell, with commodities showing strength while equity futures indicate caution.
GIFT Nifty Update
The GIFT Nifty is trading at 23,279, down 0.14% from the previous close, suggesting a potentially weak start for domestic indices.
US Markets
Overnight, US stock futures showed signs of weakness. The E-Mini S&P 500 futures were down 0.85% at 5,382, while Dow futures declined 0.3% to 40,246.
Commodity Trends
Gold futures surged 1.42% to $3,286.4 per ounce, reaching a new all-time high. Crude oil prices remained relatively stable, with WTI crude trading at $61.28 per barrel, down 0.08%. Natural gas futures declined 1.23% to $3.288 per MMBtu.
Currency Updates
The US Dollar showed weakness against major currencies. The EUR/USD pair rose 0.39% to 1.13302, while the USD/INR was relatively stable at 85.68151.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers on April 15, purchasing stocks worth ₹6,065.78 crores. In contrast, Domestic Institutional Investors (DIIs) were net sellers, offloading ₹1,951.60 crores worth of equities.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 25,103.46 | 19,037.68 | 6,065.78 |
| DII | 11,259.51 | 13,211.11 | -1,951.60 |
Key Global Events
Investors will be closely watching the quarterly results of several companies scheduled for today, including ICICI Lombard General Insurance, ICICI Prudential Life Insurance, and GM Breweries.
Conclusion
As the markets open, traders should remain cautious given the mixed global cues and the ongoing earnings season. The surge in gold prices and the weakness in US equity futures may influence sentiment in early trade.
