Stock Market Today: Global Cues Mixed as Gold Surges to New Heights
By ScanX News Team
GIFT Nifty down 0.18% at 23,467, suggesting a subdued start. US futures indicate softer opening with Dow Futures down 0.25%. Gold surges to all-time high of $3,169.4/oz, up 0.61%. Crude oil resilient at $71.65/barrel. USD/INR at 85.44, while EUR/USD shows strength. Recent FII/DII data reveals significant buying activity, potentially supporting the market.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on April 1, 2025, global markets present a mixed picture, with commodities taking center stage. Gold's stellar performance and fluctuations in major indices are likely to influence sentiment.
GIFT Nifty Update
The GIFT Nifty is trading at 23,467, down 0.18% or 43 points from the previous close. This suggests a potentially subdued start for the cash market.
US Markets
Dow Futures are indicating a softer opening, trading at 41,895, down 0.25% or 106.4 points. The E-Mini S&P 500 futures are also in the red, down 0.32% at 5,635.
Commodity Trends
Gold is the standout performer, with futures surging to $3,169.4 per ounce, up 0.61%. This marks a new all-time high, reflecting strong safe-haven demand.
Crude oil is showing resilience, with prices up 0.24% to $71.65 per barrel.
Natural gas is trading slightly higher at $4.138, up 0.46%.
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Gold | 3,169.40 | +0.61 |
| Crude Oil | 71.65 | +0.24 |
| Silver | 34.77 | +0.44 |
| Copper | 4.20 | -0.06 |
Currency Updates
The USD/INR pair is trading at 85.44, up marginally by 0.02%. The Euro is showing strength against the dollar, with EUR/USD up 0.10% at 1.08253.
FII/DII Activity
Recent data from March 24, 2025, shows significant buying activity:
| Investor Type | Buy (Cr) | Sell (Cr) | Net (Cr) |
|---|---|---|---|
| FII/FPI | 92,452.55 | 75,026.24 | +17,426.31 |
| DII | 93,762.15 | 86,964.66 | +6,797.49 |
This strong buying trend, particularly from foreign investors, could provide support to the market.
Conclusion
As the market prepares to open, the surge in gold prices to record highs and the mixed signals from global indices set the stage for an interesting trading session. The positive FII/DII activity may provide some cushion, but investors will likely keep a close eye on global cues and commodity trends throughout the day.
