Stock Market Today: GIFT Nifty Signals Positive Start Amid Mixed Global Cues
By ScanX News Team
GIFT Nifty futures up 0.52% at 23,386.5, indicating a likely positive opening for Indian markets. US markets closed higher, with Dow futures up 0.38%. Asian markets show mixed trends. Commodities mixed: Gold up 0.10%, WTI crude down 0.27%. USD/INR at 85.603, up 0.04%. FIIs were net buyers on April 15, while DIIs were net sellers. Key earnings announcements from Infosys, HDFC Life, and Tata Elxsi expected to influence market sentiment.
*this image is generated using AI for illustrative purposes only.
Introduction
As traders prepare for the opening bell, global markets present a mixed picture, with positive sentiment in the US contrasting with muted performance in Asia. The domestic market is poised for a potentially positive start, influenced by overnight gains on Wall Street and strong commodity prices.
GIFT Nifty Update
GIFT Nifty futures were trading at 23,386.5, up 0.52% or 120.5 points from the previous close. This suggests a likely positive opening for the NSE and BSE benchmarks.
Global Market Overview
US Markets
Wall Street closed higher overnight:
- Dow Jones Industrial Average futures: Up 0.38% at 39,821
- S&P 500 E-mini futures: Up 0.52% at 5,333.5
Asian Markets
Asian markets are showing a mixed trend in early trading, with investors digesting the positive cues from Wall Street against ongoing economic concerns in the region.
Commodity Trends
- Gold futures: Trading at $3,349.8 per ounce, up 0.10%
- WTI crude oil: Trading at $62.30 per barrel, down 0.27%
- Natural gas futures: Trading at $3.264 per MMBtu, up 0.52%
Currency Updates
- USD/INR: Trading at 85.603, up 0.04%, indicating a slight weakening of the rupee against the dollar
- EUR/USD: Trading at 1.13718, down 0.23%
FII/DII Activity
- Foreign Institutional Investors (FIIs): Net buyers on April 15, purchasing shares worth ₹10,002.20 crore
- Domestic Institutional Investors (DIIs): Net sellers, offloading shares worth ₹4,464.37 crore
Key Global Events
Investors will be closely watching the quarterly results announcements scheduled for today, including those from major companies like Infosys, HDFC Life Insurance, and Tata Elxsi. These results could provide insights into the health of key sectors and influence market sentiment.
Conclusion
As the market opens, traders will be weighing the positive global cues against domestic factors. The strong GIFT Nifty indication and FII buying support could provide a boost, but volatility may persist as earnings season kicks into high gear.
| Key Indicators | Value | Change |
|---|---|---|
| GIFT Nifty | 23,386.5 | +0.52% |
| Dow Futures | 39,821 | +0.38% |
| Crude Oil (WTI) | $62.30 | -0.27% |
| Gold | $3,349.8 | +0.10% |
| USD/INR | 85.603 | +0.04% |
