Global markets are holding their breath ahead of a key speech by US President Donald Trump today. Investors expect clarity on tariff policy and the Iran situation, both of which have been driving volatility across asset classes.
Crude oil is steady at lower levels, gold has bounced off lows, and cryptocurrencies have recovered from recent declines.
Gift Nifty rose to 25,684 in early trade after closing at 25,654.50 overnight in GIFT City derivatives.
Indicates a positive opening for Indian markets.
In the US ADR market:
Infosys fell 0.50 percent on Tuesday but recovered 0.22 percent in after-hours trade.
Wipro dropped 2.28 percent and slipped another 0.47 percent later.
Wall Street rallied on hopes that Trump may soften his tariff stance and that fears around AI disruption were overdone.
Dow Jones Industrial Average rose 370.44 points (0.76 percent) to 49,174.50
S&P 500 gained 52.32 points (0.77 percent) to 6,890.07
Nasdaq Composite advanced 236.41 points (1.05 percent) to 22,863.68
Trump had announced 15 percent tariffs for several countries, but only 10 percent has been implemented so far, with a phased increase hinted at.
In corporate action:
IBM rebounded after sharp losses linked to AI product competition.
AMD surged 8.8 percent on reports of a $100 billion chip deal with Meta Platforms.
Asian markets traded higher today:
Japan’s Nikkei 225 up 1.2 percent
South Korea hit record highs
Australia gained around 1 percent
AI-led concerns triggered heavy selling in IT stocks.
Nifty IT index fell nearly 6 percent intraday and closed 4.74 percent lower.
Many IT stocks are now 30–45 percent below last year’s highs.
Realty stocks declined on fears that a slowdown in IT could impact property demand. Textile exporters slipped up to 5 percent after the government halved RoDTEP benefits.
The broader indices closed sharply lower:
Sensex fell 1,068.74 points (1.28 percent) to 82,225.92
Nifty 50 dropped 288.35 points (1.12 percent) to 25,424.65
Bank Nifty lost 0.35 percent
Mid cap and small cap indices also ended in the red
Market breadth remained weak, with decliners far outnumbering gainers.
FII-DII action:
Foreign investors were net sellers of ₹102.53 crore in cash markets.
Domestic institutions bought ₹3,161.22 crore worth of equities.
Technical outlook:
Support: 25,345 and 25,275
Resistance: 25,585 and 25,655
A move above 25,600 could trigger a relief rally.
Fresh developments have emerged at Tata Group.
Noel Tata has reportedly raised conditions over extending the tenure of Natarajan Chandrasekaran as chairman of Tata Sons.
Concerns include:
Losses at Air India
Heavy capital expenditure in group companies
Demand that Tata Sons should not be listed
Chandrasekaran’s term runs till February 2027. With boardroom dynamics evolving, Tata group stocks may see volatility.
The US has announced 126 percent tariffs on Indian solar imports.
Affected companies include:
Waaree Energies
Premier Energies
Vikram Solar
India exported $800 million worth of solar products to the US last year.
Gold fell from $5,250 to $5,094 per ounce before closing 1.62 percent lower at $5,144.50. It has since rebounded to around $5,183.
Kerala gold (22 carat) rose ₹1,120 to ₹1,18,640 per sovereign.
MCX gold (24 carat) closed at ₹1,59,916 per 10 grams.
Silver ended at $87.27 per ounce.
The US dollar index closed at 97.84.
Euro at $1.1779
Pound at $1.3504
Yen at 155.71 per dollar
The rupee closed at 90.95 against the dollar. RBI intervention prevented a breach of 91. In the NDF market, the rupee strengthened to 90.91, hinting at a firmer opening.
Brent crude closed at $71.20 per barrel and edged up to $71.38 this morning.
WTI: $66.19
Murban: $70.55
Prices remain soft ahead of expected US–Iran talks in Geneva.
Bitcoin rose above $66,100 after dipping to $62,583
Ethereum trades above $1,910
Solana holds above $82
Markets now await cues from Trump’s speech for direction on tariffs, geopolitics and risk appetite.
add the market trends at the end
(February 24, Tuesday)
Sensex: 82,225.92 (-1.28 percent)
Nifty 50: 25,424.65 (-1.12 percent)
Bank Nifty: 61,047.30 (-0.35 percent)
Mid cap 100: 59,066.35 (-0.32 percent)
Small cap 100: 16,958.65 (-0.55 percent)
Dow Jones: 49,174.50 (+0.76 percent)
S&P 500: 6,890.07 (+0.77 percent)
Nasdaq: 22,863.68 (+1.05 percent)
Dollar: ₹90.95 (+₹0.07)
Gold (ounce): $5,144.50 (-$84.90)
Gold (sovereign): ₹1,18,640 (+₹1,120)
Brent crude: $71.20 (-$0.30)