Stock Market Today: Global Cues Mixed as Gold Hits Record High
By ScanX News Team
GIFT Nifty down 0.15% at 23,166, indicating a flat to slightly negative start. US futures show resilience with S&P 500 futures up 0.98%. Gold reaches all-time high at $3,043.50, while crude oil rebounds 2.15%. USD/INR at 86.275, down 0.03%. DIIs remain net buyers, potentially offsetting FII outflows. Traders to watch for central bank policies and geopolitical developments.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on March 21, 2025, global markets present a mixed picture, with precious metals stealing the spotlight. Gold has surged to unprecedented levels, while equity futures show divergent trends across regions.
GIFT Nifty Update
The GIFT Nifty is currently trading at 23,166, down 0.15% or 35 points from its previous close. This suggests a potentially flat to slightly negative start for the cash market.
US Markets
Overnight, US stock futures showed resilience. The E-Mini S&P 500 futures are up 0.98% at 5,718.25, while Dow futures have edged higher by 0.03% to 41,964. This positive sentiment in US futures could provide some support to domestic equities.
Asian Markets
Asian markets are likely to take cues from the mixed US futures performance. Traders will be closely watching major indices like the Nikkei, Hang Seng, and Shanghai Composite for further direction.
Commodity Trends
The commodities market is witnessing significant movements:
| Commodity | Price | Change (%) |
|---|---|---|
| Gold | $3,043.50 | -0.01 |
| Silver | $33.955 | -0.11 |
| Crude Oil | $68.35 | +2.15 |
| Natural Gas | $3.871 | -2.62 |
Gold has reached a new all-time high, reflecting ongoing global economic uncertainties. Crude oil has rebounded strongly, which could impact energy sector stocks.
Currency Updates
The USD/INR pair is trading at 86.275, down 0.03%. The Euro has shown marginal strength against the dollar, with EUR/USD at 1.08487, up 0.01%.
FII/DII Activity
Recent institutional activity shows:
| Investor Type | Buy (Cr) | Sell (Cr) | Net (Cr) |
|---|---|---|---|
| FII (Mar 17) | 59,019.66 | 60,670.90 | -1,651.24 |
| DII (Mar 17) | 50,143.33 | 42,603.24 | 7,540.09 |
Domestic institutions have been net buyers, potentially offsetting some of the foreign outflows.
Key Global Events
Traders should keep an eye on any developments in global monetary policies, particularly from major central banks, as these could influence market sentiment. Additionally, any significant geopolitical news could impact risk appetite.
Conclusion
The market opens with mixed global cues, highlighted by record gold prices and positive US futures. Domestic investors will be weighing these factors against local economic indicators and corporate developments as the trading session begins.
