The GIFT Nifty implied a muted start. The Asian indices continued to trade in the red following an overnight fall in the US stock market due to Trump’s 25% auto tariffs.
Previously, on Wednesday, the NSE Nifty 50 closed the session 182 points or 0.77% lower at 23,487, while the BSE Sensex declined 729 points or 0.93% to close at 77,288.
Key global and domestic cues to know on March 28, 2025
Gold rate today
The yellow metal has been shining bright. It is hovering around its all-time high of Rs 89,140. The rate for 24-carat gold is around Rs 88,900 per 10 grams. The rate of gold has risen by 0.81% in the past one week and jumped by 3.20% in the last one month. The 22 kt gold rate today is Rs 81,492 per 10 grams. The 18-carat gold price today is Rs 66,675.
FII, DII data
Foreign institutional investors (FII) were the net buyers of shares worth Rs 11,111.25 crore. Meanwhile, the Domestic institutional investors (DII) were the net sellers of shares worth Rs 2,517.70 crore on March 27, 2024, according to the provisional data available on the NSE.
Asia Markets
Asia markets continued to trade on a lower note as investors weighed U.S. President Donald Trump’s 25% tariffs on auto imports. Japan’s Nikkei 225 was trading 2.15% lower at 36,993. The Asia Dow was trading 1.51% lower at 3,686.45. South Korea’s Kospi was down 1.34% at 2,572. The Shanghai Composite was trading flat at 3,373.74.
US markets
The Wall Street declined on Thursday as Trump announced new tariffs on foreign automakers, following which markets cracked. The S&P 500 fell 0.33%, closing at 5,693.31. The Nasdaq Composite lost 0.53%, ending the session at 17,804. The Dow Jones Industrial Average shed 155 points, or 0.37%, to close at 42,299.70.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was slightly down 0.07% at 104.27 on Thusday 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 0.07% to close at 85.78 to the dollar on March 27.
Crude oil
The crude oil prices rose on Thursday. WTI crude prices were trading at $69.99 up by 0.10%, while Brent crude prices were trading at $74.08 up by 0.07%, on Thursday morning.
Crypto
The impact of Trump’s tariffs was not just limited to bonds, stocks, and other financial instruments, but the risky assets such as bitcoin, XRP, Solana, and many others also slumped following President Donald Trump’s more reciprocal tariffs.