Stock Market Today: Global Cues Point to a Strong Opening on April 8, 2025
By ScanX News Team
GIFT Nifty up 0.85% at 22,679.5, indicating a gap-up start. US futures show significant gains with Dow Futures up 1.97% and S&P 500 up 1.64%. Commodities trend positively with crude oil up 1.38% and gold rising 1.41%. USD/INR at 85.849, up 0.04%. FIIs were net sellers in the previous session, while DIIs provided strong buying support. Quarterly results and stock splits may influence market activity.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing positive momentum, setting the stage for a potentially strong opening in domestic equities. Investors are closely watching commodity trends and currency movements as they assess the market sentiment.
GIFT Nifty Update
The GIFT Nifty is trading at 22,679.5, up 0.85% or 192 points from the previous close. This indicates a gap-up opening for the NSE and BSE benchmarks.
US Markets
Overnight, US stock futures showed significant gains:
- Dow Futures: Up 1.97% (748.4 points)
- E-Mini S&P 500: Up 1.64% (83.5 points)
This positive trend in US futures suggests a bullish sentiment carrying over from Wall Street.
Commodity Trends
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 61.54 | +1.38% |
| Gold | 3,015.50 | +1.41% |
| Silver | 30.09 | +1.64% |
| Copper | 4.200 | -0.06% |
| Natural Gas | 3.661 | +0.16% |
Crude oil prices have rebounded, while precious metals are showing strong gains. This could impact energy and mining stocks.
Currency Updates
The USD/INR pair is trading at 85.849, up 0.04%. The Euro is also gaining against the dollar, with EUR/USD up 0.60% at 1.09709.
FII/DII Activity
| Investor Type | Buy (Cr) | Sell (Cr) | Net (Cr) |
|---|---|---|---|
| FII/FPI | 13,372.27 | 22,412.28 | -9,040.01 |
| DII | 26,528.23 | 14,405.78 | 12,122.45 |
Foreign investors were net sellers, while domestic institutions provided strong buying support in the previous session.
Key Global Events
Several companies are set to announce their quarterly results today, including Transformers & Rectifiers and JFL Life Sciences. Additionally, multiple stocks will undergo stock splits, which could lead to increased trading activity in these counters.
Conclusion
The market is poised for a positive start, buoyed by strong global cues and gains in commodities. However, investors should remain cautious of potential volatility due to the ongoing earnings season and corporate actions.
