How will markets open today? GIFT Nifty up, Nikkei down, and 6 other cues to watch at this hour
What to watch for trade today, September 01: GIFT Nifty traded higher, indicating a positive start for Indian indices. Asian markets were mixed, and the US closed in the red.
Trade setup today, September 01: On Friday, the NSE Nifty 50 closed the session 74 points or 0.30% lower at 24,427. (Image: Pixabay)
Indian equity indices are expected to open on a muted note following mixed global cues. The GIFT Nifty was trading 60 points or 0.25% higher at 24,615. Here are key global cues to watch before the market opens that include new crude oil prices, FII and DII data, business groups that most affect, sectoral performance, etc.
Earlier on Friday, the NSE Nifty 50 closed the session 74 points or 0.30% lower at 24,427, while the BSE Sensex fell 271 points or 0.34% to close at 79,810.
Key global and domestic cues to know on September 01, 2025
Asian Markets
Asian equities opened lower after a selloff in technology stocks hit Wall Street on Friday, with chip shares among the losers. Japan’s Nikkei 225 dropped 450 points or 1% to trade at 42,270, while Hang Seng opened the trade in the green, up 0.31%. The KOSPI index was down 0.44% at 3,172.
US markets
The US markets closed Friday’s trade on a lower note as investors booked profits following a new S&P 500 record and solid Nvidia earnings this week. The S&P 500 ended the day 0.64% lower at 6,460.26, but still scored its fourth winning month in a row. The Nasdaq Composite shed 1.15% to finish at 21,455.55, while the Dow Jones Industrial Average lost 92.02 points, or 0.20%, to settle at 45,544.88.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.07% higher at 97.84 on Monday 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 depreciated 0.65% to close at 88.20 to the dollar on August 29.
Crude oil
The crude oil prices traded on a lower note on Monday morning. WTI crude prices were trading at $63.82, down by 0.30%, while Brent crude prices were trading at $67.28, down by 0.04%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 8,092.90 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 10,925.34 crore on August 29, 2024, according to the provisional data available on the NSE.
Gold rate today
The rate for 24-carat gold today is Rs 104,100 per 10 grams, near its all-time high. The safe haven’s price is trading below the Rs 1 lakh mark. The price of gold has fallen by 3.14% over the past one week. The 22 kt gold rate today is Rs 95,425 per 10 grams. The 18-carat gold price today is Rs 78,075. The rate of 24-carat gold in Dubai is Rs 4,155 for 10 grams.
The Tobacco sector’s stocks rose the most in Friday’s weak trade, rising 2.4% in the market capitalisation. Further, Rubber stocks were followed by Leather sector stocks, which were further followed by the Edible Fat sector stocks. The Beverages – Alcoholic stood behind the Packaging sector. However, the Beverages – Non-Alcoholic sector stocks fell the most.
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This article was first uploaded on September one, twenty twenty-five, at fifty-nine minutes past six in the morning.