GIFT Nifty Signals Muted Start for Indian Stock Market as Global Cues Weigh on Sentiment

Mumbai, September 24, 2025: The Indian stock market is expected to open on a muted-to-flat note today, on September 24. This is indicated by Gift Nifty, which is down by 0.15%, or 39.00 points, and is trading at 25,177.00. The downtick in the index suggests that the Indian market and the included indices may see negative volatility right from the market start.

US Markets End Three-Day Green Streak

Overnight, US markets ended their three-day green streak and fell. This comes after the Federal Reserve Chair Jerome Powell said that inflation must be balanced with signs of a softening job market. The Dow Jones fell 0.19%, the S&P 500 fell 0.55%, and the Nasdaq dropped 0.95%. Most Asian markets also opened lower as investors weighed on the mixed signals from the US.

Sensex and Nifty Ended Lower

On Tuesday, Indian benchmarks ended lower. The Sensex closed 58 points down at 82,102, and the Nifty 50 slipped 33 points to 25,170. Investor sentiment was negative with more stocks declining than advancing. Although there were gains in auto, PSU banks, and metal, the gains were offset by losses in FMCG and IT stocks.

Rupee Hits a Record Low

As a result of the US Visa fee, the rupee hit a record low of 88.7 against the US dollar. On the commodities side, crude oil prices increased as US inventory data suggest that the supplies will be sustainable. Gold traded closed to its record high, supported by its steady safe-heaven demand.

FIIs Net Sellers While DII Net Buyers

FIIs were net buyers yesterday and sold Indian equities worth ₹15,733.49 crore, with the net sell quantity at ₹3,551.19. On the other hand, DIIs were net buyers and bought Indian equities worth ₹10,854.86, with the net buy quantity at ₹2,670.87.

Muted Start Expected Today

The downtick in Gift Nifty, constant FII outflows, mixed signals from US, and a record-low rupee are factors that are expected to drag down the Indian market today. Investors will be waiting for the US inflation data due on Tuesday, along with domestic signals such as the auto sales trend and GST-driven consumption revival.

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