Trade Setup for Today: Global Cues and Key Events to Watch on April 24, 2025
By ScanX News Team
GIFT Nifty futures up 0.01% at 24,263.50, indicating a flat to slightly positive opening. US markets mixed overnight, with Dow futures dipping while Nasdaq and S&P 500 futures show marginal gains. Asian markets display mixed trends in early trade. Gold surges 2.09% to $3,363.00, while crude oil edges up 0.12%. USD/INR at 85.51, up 0.22%. FIIs were net buyers on April 23, while DIIs were net sellers. Key earnings announcements expected from LTIMindtree, Tata Consumer Products, and others.
*this image is generated using AI for illustrative purposes only.
Pre-Market Sentiment
As traders gear up for the opening bell on April 24, 2025, global cues and domestic factors are setting the stage for an interesting session. With a mix of corporate earnings, global market trends, and commodity movements, investors have plenty to digest.
GIFT Nifty Update
The GIFT Nifty futures are trading at 24,263.50, up 2 points or 0.01% from the previous close. This marginal uptick suggests a flat to slightly positive start for the broader market.
US Markets
Overnight, Wall Street saw mixed performance, with the Dow Jones futures indicating a slight dip. The tech-heavy Nasdaq and S&P 500 futures are showing marginal gains, reflecting cautious sentiment among investors.
Asian Markets
Asian markets are displaying a mixed trend in early trade, with some indices in the green while others struggle to find direction. Investors are closely watching economic data and corporate earnings from the region.
Commodity Trends
The commodity market is witnessing some interesting movements:
| Commodity | Price | Change |
|---|---|---|
| Crude Oil (WTI) | $62.35 | +0.12% |
| Gold | $3,363.00 | +2.09% |
| Silver | $33.42 | -0.39% |
| Copper | $4.20 | -0.06% |
| Natural Gas | $3.00 | -0.66% |
Crude oil prices are showing resilience, while gold has seen a significant uptick, potentially reflecting investor caution.
Currency Updates
The USD/INR pair is trading at 85.51, up 0.22% from the previous close. This slight weakening of the rupee against the dollar could impact import-dependent sectors.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers in the cash market on April 23, purchasing shares worth ₹3,332.93 crore. Domestic Institutional Investors (DIIs), on the other hand, were net sellers, offloading shares worth ₹1,234.46 crore.
Key Events to Watch
Several companies are slated to announce their quarterly results today, including:
- LTIMindtree
- Tata Consumer Products
- Dalmia Bharat
- Can Fin Homes
- Thyrocare Technologies
Additionally, stocks like Schaeffler India, CIE Automotive, and Elantas Beck will trade ex-dividend today.
Conclusion
As the market opens, traders will be keeping a close eye on global cues, earnings announcements, and sector-specific news. The flat GIFT Nifty suggests a cautious start, but individual stock movements based on earnings and corporate actions could drive market direction through the day.
