The GIFT Nifty implies a flat start for our markets after the rally last week. Asian markets are trading mixed, and US futures are in the red.
China kept the key lending rates unchanged to shore up the Yuan. Beijing kept its loan prime rates (LPR) unchanged Monday, with the 1-year LPR at 3.1% and the 5-year at 3.6% as the central bank appears to be stabilising the currency amid trade tensions with the US.
Earlier on Thursday, the NSE Nifty 50 closed the session 414.45 points or 1.77% higher at 23,852, while the BSE Sensex jumped 1,509 points or 1.96% to close at 78,553.
Key global and domestic cues to know on April 21, 2025
Asian Markets
Asian markets traded mixed on Monday as market sentiments were again shaken by trade tensions between the US and China. Japan’s Nikkei 225 was trading 1.16% lower at 34,319.45. South Korea’s Kospi edged 0.12% higher to 2,486.52. Hong Kong’s Hang Seng Index rose 1.6% to 21,395.14. The Chinese index Shanghai Composite was yet to commence trading.
US markets
Wall Street closed mixed after witnessing a volatile session on Friday. The S&P 500 advanced 0.13% to finish at 5,282.70. The Nasdaq Composite slipped 0.13%, closing at 16,286.45. The Dow Jones Industrial Average lost 527 points, or 1.3%, to close at 39,142.23.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.18% at 98.61 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 appreciated 0.37% to close at 85.37 to the dollar on April 17.
Crude oil
The crude oil prices fell on Friday. WTI crude prices were trading at $63.51, down by 1.80%, while Brent crude prices were trading at $66.7,9, down by 1.72%, on Monday morning.
FII, DII data
Foreign institutional investors (FII) were the net buyers of shares worth Rs 4,667.94 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 2,006.15 crore on April 17, 2024, according to the provisional data available on the NSE.
Gold rate today
The gold shines bright in domestic markets, inching towards the mark of Rs 1 lakh per 10 grams. The rate for 24-carat gold today jumped 2.14% from a week ago to Rs 95,440 per 10 grams, an all-time high. The rate of gold is up by 8.2% from the last one month. The 22 kt gold rate today is Rs 87,487 per 10 grams. The 18-carat gold price today is Rs 71,580.
Crypto
The net capitalisation of the cryptocurrency market is losing value, however, the segment of meme cryptocurrencies is sending mixed signals to its audience. The price movements for XRP and bitcoin (BTC) resemble a tightly coiled spring ready to unleash a burst of energy. This is the insight provided by a significant volatility measure known as Bollinger Bandwidth.