Indian equities are expected to kick off on a firm note today, with GIFT Nifty hinting at a modest 0.12% rise that could push the Nifty near the 25,200 level. As the day progresses, all eyes will be on global crude price movements, institutional investor flows- both foreign and domestic and sectoral trends that might sway market sentiment. Fresh corporate announcements and activity around major business houses are also likely to add momentum and shape the intraday narrative.
Indian stock markets wrapped up the previous trading session on a strong note. The BSE Sensex jumped 539.83 points, or 0.66%, to end at 82,726.64, while the NSE Nifty advanced 159 points, or 0.63%, to close at 25,219.90.
Key global and domestic cues to know on July 24, 2025
Asian Markets
Asia-Pacific markets kicked off the day on a positive note, driven by trade signals between the U.S. and Japan. Japan’s Topix climbed 1.2% to hit a record high in early trade, while the Nikkei 225 followed closely with a 1.09% gain. South Korea Kospi is up 1.17% and the Kosdaq up 0.64%. Meanwhile, Australia’s S&P/ASX 200 edged up 0.15%.
US markets
Wall Street extended its winning streak on Wednesday, with the S&P 500 notching its third straight record close, rising 0.78% to settle at 6,358.91. The Dow Jones Industrial Average surged 507.85 points, or 1.14%, to finish at 45,010.29, while the Nasdaq Composite climbed 0.61% to close above the 21,000 mark for the first time at 21,020.02.
Trump deal with Japan
U.S. President Donald Trump on Tuesday announced what he called the “largest deal ever” with Japan, adding it includes a 15% tariff on Japanese exports to the U.S. In a post on Truth Social, Trump said Japan will invest $550 billion into the American economy and that the U.S. will receive 90% of the profits from the deal. He also added that Japan has agreed to open its markets to American goods, including cars, trucks, rice, and select agricultural products.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.03% lower at 97.18 on Thursday 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 0.065% to close at 86.41 to the dollar on July 23.
Crude oil
Crude oil prices edged higher in early Thursday trading, with West Texas Intermediate (WTI) up 0.33% at $65.44 per barrel and Brent crude gaining 0.23% to $68.93.
FII, DII data
Foreign portfolio investors (FPIs) offloaded shares worth Rs 4,209 crore in Indian equities on July 23, while domestic institutional investors (DIIs) stepped in with strong buying, investing a net Rs 4,358 crore, according to provisional data from NSE.
Gold rate today
Gold prices were higher in early Thursday’s trade. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 1,02,340, while 22-carat gold costs Rs 93,810. For those preferring 18-carat gold, the price is Rs 76,760 for the same weight.
Top sectors in Wednesday’s trade
Telecommunications stocks led the market rally on Wednesday, posting a 1.77% gain in market capitalisation. In this sector, stocks such as Indus Towers, Bharti Airtel, Tata Teleservices, Vodafone Idea ended the session on a positive note.
Close behind were petrochemical and textile stocks, which also saw notable traction. The automobile sector outpaced plastics, climbing 0.95%, while the glass sector registered a modest uptick of 0.7%.