NewsMarketsStock Market Today: Global Headwinds and Commodity Surge Ahead of Opening Bell on April 7, 2025Stock Market Today: Global Headwinds and Commodity Surge Ahead of Opening Bell on April 7, 2025
By ScanX News Team
GIFT Nifty down 291 points at 22,040, signaling a negative start for Indian indices. US markets tumbled overnight, with Dow Futures and S&P 500 falling over 2.5%. Asian markets mixed in early trade. Gold continues to rise, reaching $3,046.30, while crude oil drops 2.47%. Rupee opens at 85.772 against USD. FIIs were net sellers of ₹13,730.49 crore on April 1, 2025. Several companies announce stock splits effective today.
*this image is generated using AI for illustrative purposes only.
GIFT Nifty Signals Weak Start
The GIFT Nifty is trading at 22,040, down 1.3% or 291 points from the previous close, indicating a negative opening for domestic indices. This follows a sharp decline in US markets overnight and mixed trends in Asian equities.
US Markets Tumble
Wall Street experienced a significant sell-off in the previous session:
| Index | Change (%) |
|---|---|
| Dow Futures | -2.56 |
| S&P 500 | -2.93 |
Investors reacted to concerns about potential economic slowdown and geopolitical tensions.
Asian Markets Mixed
Asian markets are showing mixed trends in early trade, with some indices attempting to recover from recent losses while others continue to face selling pressure.
Commodity Trends
Gold prices continue their upward trajectory:
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Gold | 3,046.30 | 0.36 |
| Crude Oil | 60.46 | -2.47 |
| Natural Gas | 3.78 | -1.38 |
The surge in gold prices reflects ongoing global uncertainties, while oil prices have declined on demand concerns.
Currency Updates
The Indian Rupee opened at 85.772 against the US Dollar, showing a slight depreciation of 0.34%. The EUR/USD pair is trading at 1.09343, down 0.26%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers in the cash market on April 1, 2025:
| Investor Type | Net Activity (₹ Crore) |
|---|---|
| FII | -13,730.49 |
| DII | +5,632.56 |
As the markets prepare to open, traders will be closely watching global cues and domestic factors for further direction. The weak GIFT Nifty indicates a cautious start to the trading session.
