Earlier on Tuesday, the NSE Nifty 50 closed the session 42 points or 0.17% higher at 24,167, while the BSE Sensex rose 187 points or 0.24% to close at 79,596.
Key global and domestic cues to know on April 23, 2025
Asian Markets
Asian markets traded on a higher note, tracking the overnight rally in the US markets. Japan’s Nikkei 225 was trading 1.38% higher at 34,689. South Korea’s Kospi rose 1.01% to 2,511. Hong Kong’s Hang Seng Index advanced 2.40% to 19,424. The Chinese index, Shanghai Composite, was trading flat at 3,299.75.
US markets
The US stock markets saw a huge rally overnight, after the US Treasury Secretary gave hope of easing trade was between the US and China. The Dow Jones Industrial Average rose 1,016.57 points, or 2.66%, to finish at 39,186.98. The S&P 500 rose 2.51% and closed at 5,287.76, while the Nasdaq Composite gained 2.71% to settle at 16,300.42.
IMF on US recession
The IMF raised the expectations of a US recession to 40%, owing to the impact of President Trump’s escalating trade war that led to a global economic slowdown. The fund downgraded growth forecasts for the US, China, India, and other major economies. It warned of rising inflation and tightening financial conditions. The IMF defended the Federal Reserve’s current rate policy and urged nations to resolve trade tensions to mitigate long-term economic damage.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.17% at 99.09 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 depreciated 0.07% to close at 85.20 to the dollar on April 22.
Crude oil
The crude oil prices rose on Wednesday. WTI crude prices were trading at $64.05, up by 0.57%, while Brent crude prices were trading at $67.82, up by 0.56%, on Wednesday morning.
FII, DII data
Foreign institutional investors (FII) were the net buyers of shares worth Rs 1,290.43 crore. Meanwhile, the Domestic institutional investors (DII) were the net sellers of shares worth Rs 885.63 crore on April 22, 2024, according to the provisional data available on the NSE.
Gold rate today
The gold shines bright in domestic markets, reaching near the key Rs 1 lakh per 10 grams mark. The rate for 24-carat gold today jumped 1.76% from a week ago to Rs 97,570 per 10 grams, an all-time high. The rate of gold is up by 11.24% from the last one month. The 22 kt gold rate today is Rs 89,439 per 10 grams. The 18-carat gold price today is Rs 73,178.