Sensex and Nifty Likely to Open Strong Amid Positive Global Trends
Foreign Institutional Investors (FIIs) were net buyers, purchasing Rs 8,250.53 crore worth of shares on April 24, 2025. This marks a consistent buying trend over the last six sessions. In contrast, Domestic Institutional Investors (DIIs) sold Rs 534.54 crore during the same period.
Pre-Market Update at 8:00 AM: Indian benchmark indices, Sensex and Nifty 50, are likely to start Friday’s session on a positive note, taking cues from strong gains in global markets. Gift Nifty was hovering near the 24,527 mark, showing a premium of about 154 points compared to the previous close of Nifty futures. This suggests that Indian stock market indices may open with a gap-up.
U.S. markets closed higher on Thursday, marking their third consecutive day of gains. The rally was driven by strong performance in technology stocks and optimism surrounding easing tensions in the U.S.-China tariff discussions. The Dow Jones Industrial Average advanced 486.83 points (1.23 per cent) to settle at 40,093.40. Meanwhile, the S&P 500 climbed 108.91 points (2.03 per cent) to reach 5,484.77, and the Nasdaq Composite surged 457.99 points (2.74 per cent) to end at 17,166.04.
John Williams, President of the New York Federal Reserve, stated that the ongoing trade policies under the Trump administration are likely to push inflation higher in the near term. He emphasised the importance of the Federal Reserve maintaining control over long-term inflation expectations to ensure they remain stable.
New data shows that applications for unemployment benefits in the U.S. rose slightly last week. Initial jobless claims increased by 6,000, reaching a seasonally adjusted total of 222,000 for the week ending April 19.
Asian markets saw gains on Friday, taking cues from a strong overnight performance on Wall Street, particularly driven by a rally in technology shares. Japan’s Nikkei 225 climbed 0.91 per cent, with the Topix index also rising by 0.88 per cent. South Korea’s Kospi advanced 1.03 per cent, while the Kosdaq added 0.6 per cent. Futures for Hong Kong’s Hang Seng index pointed to a positive start.
Gold prices extended their upward trend, marking a potential third straight week of gains. Spot gold inched up by 0.2 per cent to reach USD 3,354.29 per ounce, after hitting an all-time high of USD 3,500.05 on Tuesday. Meanwhile, US gold futures climbed 0.5 per cent, trading at USD 3,365.90.
In contrast, crude oil prices edged higher on Friday but remained poised for a weekly decline. Brent crude rose 0.32 per cent to USD 66.76 a barrel, yet was likely to close the week with a 2 per cent loss. Similarly, WTI crude increased 0.30 per cent to USD 62.98 a barrel, still heading for a 2.9 per cent drop over the week.
Foreign Institutional Investors (FIIs) were net buyers, purchasing Rs 8,250.53 crore worth of shares on April 24, 2025. This marks a consistent buying trend over the last six sessions. In contrast, Domestic Institutional Investors (DIIs) sold Rs 534.54 crore during the same period.
There are not any stocks banned for trading in the F&O segment on April 25, 2025.
Disclaimer: The article is for informational purposes only and not investment advice.