February 25: Top Things to Know Before the Market Opens!
The GIFT Nifty was trading flat, signaling a subdued opening for Indian markets. As of 07:00 AM IST, Nifty futures stood at 22,587.5, reflecting a lack of clear directional momentum.
Market Update 8:15 AM: U.S. stocks had a mixed session on Monday, with the Nasdaq Composite taking a sharp hit due to a decline in major technology shares. Investors remained cautious about the demand for artificial intelligence-driven technology while anticipating Nvidia’s upcoming earnings. The Dow Jones Industrial Average inched up by 33.19 points or 0.08 per cent to settle at 43,461.21. Meanwhile, the S&P 500 shed 29.88 points or 0.50 per cent to close at 5,983.25, and the Nasdaq Composite tumbled 237.08 points or 1.21 per cent to wrap up at 19,286.93.
Asian equities began Tuesday on a weaker note, as investor sentiment took a hit following U.S. President Donald Trump’s announcement to restrict Chinese investments and proceed with tariffs on Canada and Mexico.
The GIFT Nifty was trading flat, signaling a subdued opening for Indian markets. As of 07:00 AM IST, Nifty futures stood at 22,587.5, reflecting a lack of clear directional momentum.
Benchmark indices extended their losing streak for the fifth straight session on February 24, pushing the Nifty 50 to its lowest level in eight months. The decline was led by selling pressure in IT, realty, and telecom sectors. At market close, the Sensex fell 856.65 points or 1.14 per cent to end at 74,454.41, while the Nifty tumbled 242.55 points or 1.06 per cent to finish at 22,553.35. Nifty Mid and Smallcap indices also slipped by 1 per cent each.
The U.S. 10-year Treasury yield dropped 57 basis points to 4.37 per cent, while the 2-year Treasury yield declined 50 basis points to 4.15 per cent, reflecting increased investor caution.
The U.S. dollar rebounded to 106.76 on Tuesday after touching a two-month low earlier in the week. The recovery was driven by safe-haven demand following Trump’s confirmation that tariffs on Mexico and Canada would proceed as planned.
Crude oil prices advanced, with WTI crude futures rising above 71 USD per barrel. This marked the second consecutive day of gains, as fresh U.S. sanctions on Iran’s oil trade raised concerns over tighter global supplies.
Foreign Institutional Investors (FIIs) continued to be net sellers for the fourth consecutive session on February 24, offloading equities worth Rs 6,286 crore. On the other hand, Domestic Institutional Investors (DIIs) extended their buying streak to 14 sessions, accumulating stocks worth Rs 5,185 crore.
Chambal Fertilisers and Manappuram Finance are under the F&O trading ban today.
Disclaimer: The article is for informational purposes only and not investment advice.