February 24: Top Things to Know Before the Market Opens!
GIFT Nifty suggested a weak start for Indian equities. As of 07:00 AM IST, Nifty futures were trading at 22,684, reflecting bearish sentiment in the market.
Market Update 8:15 AM: U.S. equities plunged on Friday, extending their downturn amid disappointing economic data and persistent concerns over fresh tariff announcements. The Dow Jones Industrial Average slumped 748.63 points or 1.69 per cent to close at 43,428.02. The S&P 500 retreated 104.39 points or 1.71 per cent to settle at 6,013.13, while the Nasdaq Composite dropped 438.36 points or 2.20 per cent to finish at 19,524.01.
Asian markets were trading lower on Monday after Wall Street suffered its worst session of the year last Friday, following weak U.S. economic indicators that signaled a slowdown and persistent inflationary pressures.
GIFT Nifty suggested a weak start for Indian equities. As of 07:00 AM IST, Nifty futures were trading at 22,684, reflecting bearish sentiment in the market.
The domestic markets ended in the red on February 21, weighed down by a sell-off in auto stocks following reports that Tesla is set to enter India with its first electric vehicle (EV) shipment. The Sensex slid 425 points or 0.56 per cent to 75,311.06, while the Nifty declined 117.25 points or 0.51 per cent to 22,795.90.
The U.S. 10-year Treasury yield dipped 164 basis points to 4.43 per cent, while the 2-year Treasury yield slipped 168 basis points to 4.19 per cent, as investors sought safety amid the stock market turmoil and growing worries about the economic outlook.
The U.S. dollar continued its downward trajectory, weakening to 106.25 as concerns over slowing economic growth weighed on sentiment.
Crude oil prices retreated, falling by 1.37 USD per barrel or 1.91 per cent since the start of 2025. The benchmark crude contract was trading at 70.37 USD per barrel, reflecting investor worries over demand trends.
Foreign Institutional Investors (FIIs) remained net sellers for the third straight session on February 21, offloading equities worth Rs 3,449 crore. Meanwhile, Domestic Institutional Investors (DIIs) continued their buying spree for the 13th consecutive session, purchasing stocks worth Rs 2,884 crore.
Chambal Fertilisers and Manappuram Finance are under F&O ban.
Disclaimer: The article is for informational purposes only and not investment advice.