The GIFT Nifty implied a lower start. The Asian indices trade in the green tracking overnight gains in the US stock market as they await clarity on Trump’s tariff plans.
Previously, on Friday, the NSE Nifty 50 closed the session 73 points or 0.31% higher at 23,519, while the BSE Sensex declined 192 points or 0.25% to close at 77,415.
Key global and domestic cues to know on April 01, 2025
Gold rate today
The yellow metal has been shining bright. The rate for 24-carat gold today inched up to its all-time high of Rs 89,330 per 10 grams. The rate of gold has risen by 1.5% in the past one week and jumped by 5.77% in the last one month. The 22 kt gold rate today is Rs 81,886 per 10 grams. The 18-carat gold price today is Rs 66,998.
Asia Markets
Asia markets traded on a higher note overnight gains in the US markets as investors awaited clarity on U.S. President Donald Trump’s tariff policy. Japan’s Nikkei 225 was trading 0.98% higher at 35,967.50. South Korea’s Kospi was up 1.62% at 2,521. The Shanghai Composite is yet to trade. The Asia Dow was trading 2.04% lower at 3,594.40.
US markets
The Wall Street majorly advanced on Monday as investors awaited clarity on Trump’s tariff plans. The S&P 500 rose 0.55%, closing at 5,611.85. The Nasdaq Composite lost 0.14%, ending the session at 17,299. The Dow Jones Industrial Average added 418 points, or 1%, to close at 42,001.76.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.10% at 104.11 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 0.37% to close at 85.47 to the dollar on March 28.
Crude oil
The crude oil prices declined on Tuesday. WTI crude prices were trading at $71.41 down by 0.10%, while Brent crude prices were trading at $74.70 down by 0.10%, on Tuesday morning.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 4,352.82 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 7,646.49 crore on March 28, 2024, according to the provisional data available on the NSE.
Crypto
The impact of Trump’s tariffs has jittered the cryptocurrency market as well. Bitcoin and Ethereum are facing a confluence of macroeconomic and technical factors that could define their near-term projections. “Bitcoin currently trades within a $80,000-$86,000 range, while Ethereum oscillates between $1,600-$2,200, levels that may test investor conviction amid growing impediments,” said Ryan Lee, Chief Analyst at Bitget Research.