Indices may open on a negative note today

25 Apr 2024 , 08:35 AM

On April 25, indications from the GIFT Nifty suggest a pessimistic start for the Indian market, with a projected loss of 61.50 points or 0.27%. The Nifty futures hover around the 22,358.50 level, indicating a negative trajectory.

Following a morning surge, both the benchmark Sensex and Nifty indices experienced a plateau, contrasting with the continued ascent of the midcap and smallcap indices on April 24.

Closing figures for April 24 reveal that the BSE Sensex clinched a modest 0.2% increase, gaining 114 points to settle at 73,853 from its intraday peak of 74,121. Similarly, the NSE Nifty marked a 0.15% uptick, reaching 22,402 from its intraday high of 22,476, reflecting a gain of nearly 75 points. Meanwhile, the broader BSE MidCap index surged by 0.92% to 40,957 points, and the BSE SmallCap index advanced by 0.8% to 46,858.60 points.

International Markets:

After consecutive days of gains, Asian markets paused in anticipation of the US first-quarter gross domestic product figures scheduled for April 25, echoing the trends observed on Wall Street. Despite fluctuations in Treasury yields, the S&P 500 concluded with a slight increase amidst positive corporate performances, notably from technology giants.

The S&P 500 edged up by 1.08 points, or 0.02%, to 5,071.63, while the Nasdaq Composite rose by 16.11 points, or 0.10%, reaching 15,712.75. Conversely, the Dow Jones Industrial Average experienced a minor decline, shedding 42.77 points, or 0.11%, to reach 38,460.92.

FII and DII Data:

Provisional data from the NSE reveals that Foreign Institutional Investors (FIIs) offloaded shares valued at Rs 2,511.74 crore, while Domestic Institutional Investors (DIIs) accumulated stocks worth Rs 3,809.90 crore on April 24.