Stock Market Today: Global Cues Point to a Weak Start on April 3, 2025
By ScanX News Team
Indian markets poised for a subdued opening as global cues turn negative. GIFT Nifty futures down 0.15% at 23,194. Wall Street faces significant pullback with Dow futures 1.89% lower. Asian markets follow suit. Crude oil drops 2.55% to $69.88/barrel, while gold rises 0.33% to $3,176.60/oz. Rupee depreciates 0.31% to 85.69 against USD. FIIs were net sellers (₹7,440.51 cr) on April 1, 2025, while DIIs net buyers (₹7,131.41 cr). Key corporate actions include VBL's AGM and stock splits for MGEL and COASTCORP.
*this image is generated using AI for illustrative purposes only.
Market Outlook
Global markets are showing signs of weakness, setting the stage for a potentially subdued opening on Indian bourses today. The GIFT Nifty futures trading at 23,194 points, down 0.15% from the previous close, hint at a soft start for domestic indices.
US Markets
Wall Street experienced a significant pullback in the previous session. The Dow Jones futures are currently trading 1.89% lower, indicating continued pressure on US equities.
Asian Markets
Asian markets are following the negative trend set by their US counterparts, with most major indices in the red during early trading hours.
Commodity Trends
Crude oil prices have taken a hit, with WTI crude trading at $69.88 per barrel, down 2.55%. This decline could potentially benefit oil-importing countries like India.
Gold continues its bullish run, with futures trading at $3,176.60 per ounce, up 0.33%, as investors seek safe-haven assets amidst market volatility.
Currency Updates
The Indian Rupee opened at 85.69 against the US Dollar, showing a slight depreciation of 0.31% from its previous close.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers on April 1, 2025, offloading shares worth ₹7,440.51 crores. In contrast, Domestic Institutional Investors (DIIs) were net buyers, purchasing shares valued at ₹7,131.41 crores.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 22,579.31 | 30,019.82 | -7,440.51 |
| DII | 24,461.73 | 17,330.32 | 7,131.41 |
Corporate Actions
Some companies have important events scheduled for today, including:
- Varun Beverages (VBL): Annual General Meeting
- United Spirits (UNITDSPR): Interim dividend of ₹4 per share
Investors should keep an eye on these stocks as they may experience increased volatility due to these corporate actions.
As the markets prepare to open, traders and investors should remain cautious and monitor global cues closely. The interplay between declining oil prices, rising gold, and institutional trading patterns will likely influence market sentiment throughout the session.
