The GIFT Nifty implied a muted to subdued start following an overnight rally in the US markets. The US President Donald Trump announced that he would not fire the Fed Chair. Plus, the Wall Street rose on the hopes of easing tariffs on China.
Earlier on Wednesday, the NSE Nifty 50 closed the session 182 points or 0.67% higher at 24,329, while the BSE Sensex rose 521 points or 0.65% to close at 80,117.
Key global and domestic cues to know on April 24, 2025
Asian Markets
Asian markets were mostly trading on a higher note, tracking the overnight rally in the US markets. Japan’s Nikkei 225 was trading 0.96% higher at 35,204. South Korea’s Kospi fell 0.55% to 2,511.83. Hong Kong’s Hang Seng Index stood at 22,072. The Chinese index Shanghai Composite was trading flat at 3,296.
US markets
The US stock markets extended the rally on hopes of easing the trade war between the US and China, and Trump said that he had “no intention” to remove Jerome Powell. The Dow Jones Industrial Average rose 419.59 points, or 1.07%, to end at 39,606.57. The S&P 500 gained 1.67% to finish at 5,375.86, and the Nasdaq Composite increased 2.50% to close at 16,708.05.
LIVE: GIFT Nifty points to a muted start for Nifty and Sensex, Nikkei up 1%; Rally in US extends for second day
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.11% at 99.73 on Thursday 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 depreciated 0.25% to close at 85.42 to the dollar on April 23.
The crude oil prices rose on Thursday. WTI crude prices were trading at $62.47, up by 0.33%, while Brent crude prices were trading at $66.34, up by 0.34%, on Thursday morning.
FII, DII data
Foreign institutional investors (FII) were the net buyers of shares worth Rs 3,332.93 crore. Meanwhile, the Domestic institutional investors (DII) were the net sellers of shares worth Rs 1,234.46 crore on April 23, 2024, according to the provisional data available on the NSE.
Gold rate today
The gold prices retreated from the all-time high after the US gave hopes of easing tariffs on China. The rate for 24-carat gold today is Rs 94,970 per 10 grams. The rate of gold is up by 7.9% from the last one month. The 22 kt gold rate today is Rs 87,056 per 10 grams. The 18-carat gold price today is Rs 71,228.