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Stocks to Watch Today as Global Markets Signal Uptrend

Global stock markets showed strong signals ahead of today's trading. US markets rallied for the third day, boosted by tech stocks. Meanwhile, Asian and Indian markets are expected to open positively, tracking gains in GIFT Nifty. Here's a quick look at how major global financial indicators performed overnight.
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Market Cues Today: Positive Global Trends, FIIs Buy Big

Stocks to Watch Today: On Thursday, the US stock markets went up again, marking the third day of gains. This was mainly due to strong performance in technology stocks. Investors were watching company earnings and updates on the US-China trade situation.

  • Dow Jones rose by 486.83 points (1.23%)
  • S&P 500 jumped 108.91 points (2.03%)
  • Nasdaq gained 457.99 points (2.74%)

Also Read: Will India get rid of tariffs? Big update on trade deal

GIFT Nifty Hints at Positive Start for Indian Market

The GIFT Nifty was trading near 24,535 early today, suggesting a strong start for Sensex and Nifty 50. This comes after Indian markets ended lower yesterday.

Indian Market Ended Lower on April 24

On Wednesday, the Sensex dropped by 315.06 points (0.39%) to 79,801.43, and the Nifty 50 lost 82.25 points (0.34%) to close at 24,246.70. Only the metal and pharma sectors managed to avoid losses.

Asian Shares Open Higher

Asian markets opened on a strong note today, following US market optimism. Investors believe the Federal Reserve might cut interest rates earlier than expected. Also, Alphabet Inc. (Google’s parent company) reported solid results, boosting investor confidence.

Bond Yields Stay Steady

US bond yields remained mostly unchanged in early Friday trading. The 10-year and 2-year Treasury yields did not show much movement.

Dollar Index Inches Higher

The US Dollar index saw a slight rise today, after slipping a bit yesterday. Traders are uncertain due to unclear trade policy signals and the Federal Reserve's decisions.

Asian Currencies Show Mixed Trend

Asian currencies were trading both up and down this morning.

  • Losers: Malaysian Ringgit, Singapore Dollar, Japanese Yen
  • Gainers: Philippines Peso, Thai Baht, Taiwan Dollar

Crude Oil Prices Slightly Up

Oil prices went up a little today. However, they may still end the week lower due to possible higher supply from OPEC+ and a ceasefire in the Russia-Ukraine war. Demand concerns are also affecting the outlook.

Gold Moves Towards Weekly Gain

Gold prices are heading for a weekly rise after some ups and downs. Investors are watching trade tensions and US rate cut possibilities.

FIIs Pump in Funds, DIIs Book Profit

On April 24:

  • Foreign Institutional Investors (FIIs) bought stocks worth Rs.8,250 crore.
  • Domestic Institutional Investors (DIIs) sold stocks worth Rs.534 crore.

Also Read: Bank Nifty Falls After 6-Day Rally; Canara, HDFC Bank Among Top Losers

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