The GIFT Nifty implied a subdued start. US President Donald Trump, in a social media post, once again pressured US Fed Chair Jerome Powell to cut key lending rates amid trade tensions.
Earlier on Monday, the NSE Nifty 50 closed the session 274 points or 1.15% higher at 24,125.55, while the BSE Sensex rose 855 points or 1.09% to close at 79,408.
Key global and domestic cues to know on April 22, 2025
Asian Markets
Asian markets traded on a flat note, tracking the overnight sell-off in the US markets. Japan’s Nikkei 225 was trading 0.05% lower at 34,261. South Korea’s Kospi edged 0.12% higher to 2,491. Hong Kong’s Hang Seng Index declined 0.10% to 21,373.45. The Chinese index Shanghai Composite rose 0.07% to trade at 3,295.=]
US markets
The US stock markets saw a massive selloff overnight, after US President Donald Trump attacked Fed chair Jerome Powell for not cutting down on rates. The Dow Jones Industrial Average fell 971.82 points, or 2.48%, to finish at 38,170.41. The S&P 500 dropped 2.36%, ending at 5,158.20, and the tech-heavy Nasdaq Composite shed 2.55% to close at 15,870.90.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.19% at 98.47 on Tuesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.29% to close at 85.13 to the dollar on April 21.
Crude oil
The crude oil prices rose on Tuesday. WTI crude prices were trading at $63.04, up by 1.02%, while Brent crude prices were trading at $66.82, up by 0.88%, on Tuesday morning.
FII, DII data
Foreign institutional investors (FII) were the net buyers of shares worth Rs 1,970.17 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 246.59 crore on April 21, 2024, according to the provisional data available on the NSE.
Gold rate today
The gold shines bright in domestic markets, inching towards the mark of Rs 1 lakh per 10 grams. The rate for 24-carat gold today jumped 4.18% from a week ago to Rs 97,560 per 10 grams, an all-time high. The rate of gold is up by 10.60% from the last one month. The 22 kt gold rate today is Rs 89,430 per 10 grams. The 18-carat gold price today is Rs 73,170.