Market News
2 min read | Updated on February 25, 2025, 07:46 IST
SUMMARY
GIFT NIFTY futures were flat on Tuesday morning, indicating a cautious start for Indian benchmark indices. US markets closed mixed and Asian indices traded largely in red, while Crude oil prices traded higher. Foreign investors continued selling in the Indian markets, while DIIs supported the markets by buying equities.
Global markets closed on buoyant note on Wednesday.
GIFT NIFTY futures traded flat at 22,590 on Tuesday morning, indicating a cautious start for Indian benchmark indices. The global market cues remained mixed on Monday overnight and Tuesday morning. The US markets closed mixed, with NASDAQ falling more than 1.2% and Dow Jones and S&P500 closing almost flat on Monday. While the Asian indices traded largely in red across the board.
The tech-heavy NASDAQ index fell for a third consecutive session, with losses of 1.2% on Monday. Rising concerns over weak economic parameters and persistent inflation soured investor sentiments. The Dow Jones and S&P500 closed almost flat. Meanwhile, Apple announced plans to invest $500 billion in the US over the next four years.
The Japanese, Korean and Hong Kong indices traded in red on Tuesday morning with losses of up to 1%. The Korean Central Bank announced rate cuts by 25 bps and lowered its GDP growth forecast from 1.9% to 1.5% for 2025.
The WTI and Brent crude oil prices traded higher Tuesday morning, continuing their overnight rally on Monday. The WTI crude oil prices gained 1% on Monday to close above $71 per barrel, and Brent crude oil prices traded above $74.5 per barrel.
The foreign investors aggravated their selling in the Indian markets as they sold equities worth ₹6,286 crore. On the other hand, the DIIs supported the markets by buying equities worth ₹5,185 crore on Monday. In the derivatives market, the FIIs short position increased to 2 lakh contracts from 1.85 lakh contracts a week ago.
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