Trade Setup for Today: GIFT Nifty Flat, Global Cues Mixed Ahead of Key Earnings
By ScanX News Team
GIFT Nifty indicates a flat to slightly negative opening, down 0.04%. US futures show mixed sentiment with Dow futures down 0.12% and S&P 500 up 0.28%. Oil edges higher at $62.90/barrel, while gold continues its rally at $3,361.60/oz. USD strengthens against major currencies. FIIs were net buyers, DIIs net sellers in the previous session. Key earnings from Axis Bank, Nestle India, and others to influence market sentiment.
*this image is generated using AI for illustrative purposes only.
As traders prepare for the opening bell on April 25, 2025, global markets present a mixed picture, with key domestic and international factors shaping the day's outlook.
GIFT Nifty Update
GIFT Nifty futures were trading at 24,511.50, down 0.04% or 10 points, indicating a flat to slightly negative start for the Indian markets.
US Markets
Overnight, US stock futures showed modest movements:
| Index | Change (%) |
|---|---|
| Dow Futures | -0.12 |
| S&P 500 | 0.28 |
The slight divergence between the Dow and S&P 500 futures suggests mixed sentiment among investors.
Commodity Trends
Oil prices edged higher, with WTI crude trading at $62.90 per barrel, up 0.18%. Gold continued its bullish run, rising 0.39% to $3,361.60 per ounce. Other notable movements:
| Commodity | Price | Change (%) |
|---|---|---|
| Silver | 33.46 | -0.14 |
| Natural Gas | 2.95 | 0.61 |
| Copper | 4.20 | -0.06 |
Currency Updates
The US Dollar showed strength against major currencies:
| Pair | Rate | Change (%) |
|---|---|---|
| EUR/USD | 1.1347 | -0.38 |
| USD/INR | 85.2629 | -0.03 |
FII/DII Activity
Foreign Institutional Investors (FIIs) remained net buyers, while Domestic Institutional Investors (DIIs) were net sellers in the previous session:
| Investor Type | Net Buy/Sell (₹ Crore) |
|---|---|
| FII | 8,250.53 |
| DII | -534.54 |
Key Global Events
Today's session will be influenced by a slew of quarterly results from major companies, including:
Investors will closely watch these results for insights into corporate performance and economic health.
Conclusion
As the markets open, traders should be prepared for potential volatility driven by earnings reports and global cues. The flat GIFT Nifty suggests a cautious start, but individual stock movements may be pronounced based on company-specific news and results.
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