The GIFT Nifty implied that Indian equity indices BSE Sensex and NSE Nifty 50 may open on a subdued note on Tuesday as it took indications from Asia and overnight fall on Wall Street. Investor sentiments are jittered due to Trump’s tariff war on its trade partners.
Previously, on Monday, the NSE Nifty 50 finished the session 243 points or 1.06% lower at 22,553.35, while the BSE Sensex declined 857 points or 1.14% to close at 74,454.
Key global and domestic cues to know on February 25, 2025
Asia Markets
Asia markets traded lower during the early trading hours taking hints from the fall in the US markets. Japan’s Nikkei 225 fell over 400 points or 1.04% at 38,373. The Asia Dow was trading 1.50% lower at 3,837.81. South Korea’s Kospi fell 0.36% in early trade hours. The Shanghai Composite was trading flat at 3,373.03.
US markets
The US stock markets closed Monday’s trade on a lower note as Trump’s trade war weighed on markets. The S&P 500 declined 0.5% to finish at 5,983.25. The tech-heavy Nasdaq Composite dropped 1.2% to end at 19,286.92. The Dow Jones Industrial Average eked out narrow gains of 33.19 points, or 0.08%, to close at 43,461.21.
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The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.16% at 106.77 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 0.01% to close at 86.70 to the dollar on February 24.
Crude oil
The crude oil prices traded higher on Tuesday. WTI crude prices were trading at $70.90 up by 0.23%, while Brent crude prices were trading at $74.86 up by 0.17%, on Tuesday morning.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares net worth Rs 6,286.70 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 5,185.65 crore on February 24, 2024, according to the provisional data available on the NSE.
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