SGX Nifty holds steady amid rupee pressure

SGX Nifty Live

Daily Market Trend | 22 Sep 2025

Opening signal & market mood
At 08:00 IST SGX Nifty futures quote 25,210, almost unchanged versus the prior cash close. The offshore read signals a neutral start as currency weakness and mixed global cues keep markets cautious.

Capital flows & institutional moves
FIIs were net sellers on 22 Sep: −₹2,910 crore.
DIIs were net buyers on 22 Sep: +₹2,583 crore.
Month to date FII equity flows remain negative, underlining continued foreign reluctance even as domestic institutions provide partial support.

Global drivers
USA

  • Dow = −0.20%; futures show risk aversion ahead of US data, weighing on cyclical names.
  • Nasdaq = −0.10%; tech remains selective with near term profit taking in large caps.
  • S&P500 = −0.12% ; broad market tone is tentative ahead of key economic prints.

Asia

  • Shanghai Composite = −0.25% ; Chinese equities are pressured by weaker export signals and PMI nerves.
  • Nikkei = −0.30% ; Japan’s export sensitive index underperforms amid a softer global demand backdrop.
  • Kospi = 0.00% ; South Korea holds near flat as semiconductor and export names see mixed flows.

Europe

  • FTSE = −0.15% ; UK market tracks global risk off mood.
  • DAX = −0.22% ; German industrials weak on softer global orders.
  • CAC = −0.18% ; French equities dip in line with continental peers.

Crude oil
Brent trades near $67.0 / bbl; inventory data and supply chatter keep prices range bound with upside risk if draws persist.

Treasuries
US 10 year Treasury yield is around 4.12%; India 10 year G-Sec yield is near 6.50%; modest moves in global yields are capping risk appetite and influencing rate sensitive sectors.

Gold
Spot gold is trading about $3,750 / oz; elevated levels reflect safe haven demand amid macro uncertainty and currency moves.

Event & newswatch
• Rupee weakness due to reported visa fee changes and remittance concerns is a prominent domestic narrative today.
• India trade talks in Washington with the trade minister are underway and are being watched for export and tariff implications.
• US housing starts and Fed commentary scheduled later in the week are key macro events that could swing global flows.

Politics & policy
India Politics: Trade delegation activity and diplomatic outreach to the US is in focus; markets are monitoring statements for trade friction resolution cues.
US Policy Update: Reported adjustments to visa fees remain a market theme with direct implications for India’s IT services and remittance flows.

Bond markets & yield trends
India 10Y G-Sec: ~6.50%; trading in a slightly firmer band as domestic liquidity and rate expectations recalibrate.
US 10Y Treasury: ~4.12%; minor volatility ahead of economic releases.

Currency & forex landscape
USD/INR hovers near 88.30–88.35; rupee softness adds a cost channel for importers and pressure on equity sentiment. Central bank and reserve actions are being watched for any stabilization measures.

Commodities & precious metals tracker
Gold: $3,750 / oz; sustaining safe-haven bids.
Brent: $67 / bbl; range bound with inventory news the near term driver.
Base metals: mixed; pockets of strength in copper on selective demand optimism.

Volatility & options metrics
India VIX: ~10.56 (higher than prior close).
US VIX: ~16.3 (marginally elevated).
Nifty PCR: ~0.85; implied volatility modestly higher, indicating increased intraday uncertainty.

Trade levels & technical map
Pivot P = 25,220
R1 / R2 = 25,330 / 25,410
S1 / S2 = 25,100 / 24,970
Key intraday reference points include the opening range, prior day high/low and the 50-day moving average; the 25,100–24,970 band is primary support while 25,330–25,410 is primary resistance.

Directional summary & triggers
Net: SGX Nifty is near flat versus prior close — trend: muted.
Live triggers to watch: US 10 year yield near 4.12%, Brent near $67, USD/INR near ~88.3, and developments from trade talks and visa policy headlines.