Stock Market Today: Global Cues Set Positive Tone as GIFT Nifty Edges Higher
By ScanX News Team
GIFT Nifty up 0.06% at 23,080, hinting at a mildly positive opening. US futures show resilience with S&P 500 E-mini up 0.36%. Commodities mixed: gold and silver rise, oil gains, natural gas dips. USD/INR at 86.319, up 0.05%. FIIs remain net sellers, while DIIs increase buying significantly. Traders advised to maintain a balanced approach amid global economic uncertainties.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders gear up for the opening bell on March 20, 2025, global cues paint a cautiously optimistic picture. The GIFT Nifty futures indicate a potentially positive start, while commodity markets show mixed trends and institutional activity remains in focus.
GIFT Nifty Update
The GIFT Nifty is trading at 23,080, up 13 points or 0.06% from the previous close. This slight uptick suggests a mildly positive opening for the broader market.
US Markets
Overnight, US markets showed resilience:
| Index | Change (%) |
|---|---|
| Dow Futures | +0.28% |
| S&P 500 | +0.36% |
The S&P 500 E-mini futures are up 0.36% at 5,698.75, reflecting a continuation of the positive sentiment from the previous session.
Asian Markets
Asian markets are not explicitly mentioned in the provided data, but their performance often aligns with US futures and commodity trends.
Commodity Trends
Commodities are showing mixed movements:
| Commodity | Price | Change (%) |
|---|---|---|
| Crude Oil | $67.26 | +0.52% |
| Gold | $3,058.4 | +0.57% |
| Silver | $34.48 | +0.80% |
| Natural Gas | $4.201 | -1.08% |
Gold and silver continue their strong performance, while crude oil shows modest gains. Natural gas, however, is experiencing a slight pullback.
Currency Updates
The USD/INR pair is trading at 86.319, up 0.05%. The Euro is also showing strength against the dollar, with EUR/USD at 1.09149, up 0.13%.
FII/DII Activity
Recent institutional activity shows divergent trends:
| Investor Type | Net Position (Mar 17) | Net Position (Mar 10) |
|---|---|---|
| FII/FPI | -₹4,890.38 Cr | -₹5,729.68 Cr |
| DII | +₹10,676.11 Cr | +₹5,499.47 Cr |
Foreign investors continue to be net sellers, albeit at a reduced pace, while domestic institutions have significantly increased their buying.
Key Global Events
While no specific global events are highlighted for today, traders should remain vigilant for any unexpected geopolitical developments or economic data releases that could impact market sentiment.
Conclusion
As the markets prepare to open, the slightly positive GIFT Nifty, along with gains in US futures and key commodities like gold and oil, set a cautiously optimistic tone. However, the ongoing selling pressure from foreign investors and global economic uncertainties may temper excessive bullishness. Traders should approach the session with a balanced perspective, keeping an eye on both domestic and international factors that could influence market dynamics throughout the day.
