GIFT Nifty started Wednesday on a weak note at 25,212, slipping 0.12% in early trade. Traders are keeping a close eye on global cues such as Trump’s renewed Tariff threat, the recent hike in H-1B visa fees, crude oil price swings, and currency moves. Back home, sentiment is being influenced by the GST rate cut and progress in trade discussions. Sectors like autos, metals, infrastructure, and IT are likely to stay in focus.
Indian markets closed slightly in the red in the last trading session, with the Nifty 50 down 33 points (0.13%) at 25,170 and the Sensex ending 58 points lower (0.07%) at 82,102.
Key global and domestic cues to know on September 24, 2025
Asian Markets
Asian shares traded lower on Wednesday, with most major indices in the red. Japan’s Nikkei 225 slipped 0.33% and the Topix was down 0.35%. In South Korea, the Kospi edged 0.11% lower, while the Kosdaq fell 0.39%. Australia’s S&P/ASX 200 also declined, dropping 0.61% in early trade.
Trump targets China and India over Russian Oil
During his UN General Assembly address on Tuesday, US President Donald Trump charged at China and India of being major financiers of Russia’s war in Ukraine, citing their continued purchases of Russian oil. He highlighted that the US has already imposed a total of 50% tariffs on Indian goods, including an additional 25% as a penalty for these oil imports, placing India among the countries facing the highest levies globally.
US markets
U.S. stocks slipped on Tuesday, with all three major indexes closing lower. The broad market index fell 0.55% to 6,656.92. The Nasdaq Composite dropped almost 1% to 22,573.47, while the Dow Jones Industrial Average declined 88.76 points, or 0.19%, ending the day at 46,292.78.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.11% up at 97.34 on Wednesday 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 0.24% to close at 88.75 to the dollar on September 23.
Crude Oil
Crude oil prices edged higher in early Wednesday trading, with WTI crude rising 0.29% to $63.60 per barrel and Brent crude up 0.29% at $67.83.
FII, DII data
On September 23, foreign investors were net sellers, offloading shares worth Rs 3,551 crore. Domestic investors, on the other hand, supported the market by buying stocks worth Rs 2,671 crore, according to provisional exchange data.
Gold rate today
The Gold price (XAU/USD) holds steady near $3,760 after retreating from an all-time high of $3,791 during the early Asian session on Wednesday. In the latest gold rate in Dubai, 24-carat gold was priced at AED 456 per gram, while 22-carat traded at AED 422 per gram and 18-carat at AED 347 per gram.
As per Goodreturns, in India, 10 grams of 24-carat gold rate today is Rs 1,15,700, while 22-carat gold costs Rs 1,06,060. For those preferring 18-carat gold, the price is Rs 86,780 for the same weight.
Top sectors in Tuesday’s trade
In the last trading session, the Glass sector rose 2.07%, Iron and Steel gained 1.31%, and Electronics advanced 1.21%.
Best and worst performed business group in last trading session
Among corporate groups, the Rane Group rose 2.93%, the Hindujas Group gained 2.83%, the Jindal O P Group advanced 2.38%, and the DCM Group increased 2.09%.
On the other side, the Jaipuria Group slipped 2.23%, while the Garware Group declined 3.42%.