NewsMarketsTrade Setup for Today: Global Cues and Commodity Surge Ahead of Opening Bell on April 22, 2025Trade Setup for Today: Global Cues and Commodity Surge Ahead of Opening Bell on April 22, 2025
By ScanX News Team
Indian markets are poised for a positive opening as GIFT Nifty trades 0.29% higher at 24,159.50. Global cues are supportive with US markets closing strong and Asian indices showing mixed trends. Commodity prices are surging, with gold up 1.10% at $3,463.10 and crude oil rising 0.91% to $62.98. The USD/INR pair is at 85.19, up 0.05%. FIIs and DIIs were net buyers in the previous session. Key corporate actions and quarterly results announcements are expected to influence market sentiment.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on April 22, 2025, global cues and surging commodity prices are setting the stage for an eventful session. The GIFT Nifty indicates a positive start, while overnight gains in US markets and mixed trends in Asian indices provide a backdrop of cautious optimism.
GIFT Nifty Update
The GIFT Nifty futures are trading at 24,159.50, up 0.29% or 71 points from the previous close. This suggests a likely positive opening for the domestic indices.
US Markets
Wall Street closed on a strong note, with the Dow Jones Industrial Average futures up 0.38% at 38,316.10. This positive sentiment in the US markets could potentially influence domestic trading.
Asian Markets
Asian markets are showing mixed trends, with some indices following the positive lead from Wall Street while others remain cautious.
Commodity Trends
Gold futures are trading significantly higher at $3,463.10 per ounce, up 1.10%. Crude oil prices have also risen, with WTI crude trading at $62.98 per barrel, up 0.91%. The surge in commodity prices could impact related sectors in the domestic market.
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Gold | 3,463.10 | +1.10 |
| Crude Oil | 62.98 | +0.91 |
| Silver | 32.61 | +0.26 |
| Copper | 4.20 | -0.06 |
Currency Updates
The USD/INR pair is trading at 85.19, up 0.05%. The slight weakening of the rupee against the dollar may influence import-export oriented stocks.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers on April 21, 2025, purchasing shares worth ₹1,970.17 crore. Domestic Institutional Investors (DIIs) were also net buyers, with net purchases of ₹246.59 crore.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII | 11,711.72 | 9,741.55 | 1,970.17 |
| DII | 15,619.61 | 15,373.02 | 246.59 |
Key Corporate Actions
Several companies are scheduled to announce their quarterly results today, including Mahindra Logistics, GNA Axles, and Tata Investment Corporation. Additionally, Captain Technocast will trade ex-bonus for its 1:1 bonus issue.
As the market prepares to open, traders will be closely watching these global cues, commodity trends, and corporate actions to guide their strategies for the day.
