Stock Market Today: Global Cues Point to a Positive Start on March 24
By ScanX News Team
GIFT Nifty up 0.01% at 23,480, signaling a positive start. US futures show strength with Dow up 0.55%. Commodities mixed: gold and silver rise, oil dips. USD/INR at 85.973, marginally higher. Recent FII/DII activity shows substantial net inflows, potentially supporting market sentiment. Overall, global indicators suggest an optimistic opening for Indian equities.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing positive momentum as we head into the trading session on March 24, 2025. Key indicators suggest a potentially upbeat start for domestic equities, with commodities and international indices providing supportive cues.
GIFT Nifty Update
The GIFT Nifty futures trading on the NSE International Exchange are indicating a positive opening for the domestic markets. As of the latest update, GIFT Nifty is trading at 23,480, up 2 points or 0.01% from the previous close.
US Markets
Overnight, US markets closed on a strong note, setting a positive tone for global equities. The Dow Jones Industrial Average futures are currently up by 229.8 points or 0.55%, trading at 42,215. This upward momentum in US futures suggests a favorable sentiment that could influence domestic market sentiment.
Commodity Trends
Commodity markets are showing mixed trends:
| Commodity | Price | Change (%) |
|---|---|---|
| Crude Oil | $68.04 | -0.35% |
| Gold | $3,027.40 | +0.20% |
| Silver | $33.695 | +0.62% |
| Copper | $4.1995 | -0.06% |
| Natural Gas | $3.927 | -1.33% |
Gold and silver are trading higher, which could benefit related sectors. Crude oil is slightly lower, potentially impacting energy stocks.
Currency Updates
The USD/INR pair is trading at 85.973, showing a marginal increase of 0.004 or 0.005%. The EUR/USD is at 1.08314, up by 0.18%, indicating a slight weakening of the US dollar against major currencies.
FII/DII Activity
Recent institutional activity shows positive net inflows:
| Investor Type | Net Buy/Sell (Cr) |
|---|---|
| FII/FPI | +5,819.12 |
| DII | +4,337.83 |
This substantial buying from both foreign and domestic institutional investors could provide support to market sentiment.
Key Global Events
Traders should stay alert to any emerging geopolitical developments or economic data releases that could impact market dynamics.
Conclusion
As the markets prepare to open, the overall sentiment appears positive, supported by strong US futures, steady commodity prices, and recent institutional buying. However, as always, investors should approach the market with caution and keep an eye on global cues throughout the trading session.
