SGX Nifty edges lower as global cues stay mixed

SGX Nifty Live

Daily Market Trend | 24 Sep 2025

Opening signal & market mood
At 08:00 IST, SGX Nifty futures trade at 25,155, slightly weaker than the prior cash close. The offshore tone is cautious as traders await global economic data & commodity signals.

Capital flows & institutional move
FIIs were net sellers of ₹3,551.19 crore on 23 Sep.
DIIs were net buyers of ₹2,670.87 crore.
Month-to-date FII equity flows: –₹17,032.93 crore, highlighting continued outflows.

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Global drivers
USA

  • Dow −0.14% ; Weakness persisted as cyclical stocks faced pressure ahead of US consumer data.
  • Nasdaq −0.12% ; Selective profit booking in large-cap tech weighed.
  • S&P500 −0.10% ; Broader market tone hesitant.

Asia

  • Shanghai Composite −0.20% ; Growth worries & trade data uncertainties added pressure.
  • Nikkei −0.25% ; Japanese equities soft amid cautious export outlook.
  • Kospi +0.05% ; Marginal support from chip stocks balanced broader weakness.

Europe

  • FTSE −0.18% ; UK equities dipped on weak commodity-linked names.
  • DAX −0.22% ; German benchmarks faced drag from autos & industrials.
  • CAC −0.16% ; French market moved in tandem with continental peers.

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Event & newswatch
• Rupee softness remains a domestic headline with traders citing increased import bill pressure.
• Oil market movements after US inventory reports hold significance for energy-linked sectors.
• Elevated gold prices continue as a cross-asset indicator of caution.

Politics & policy
US Politics: Attention on upcoming Senate discussions around fiscal funding deadlines. Traders are monitoring implications for federal spending and market liquidity.
India Policy: No major announcements on 23 Sep; focus remains on trade delegation outcomes later this week.

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Treasuries and US/India central bank updates/news
US 10-year Treasury yields eased to ~4.11%, providing limited relief to global equities. Federal Reserve commentary remains awaited later this week.
RBI actions continue to be watched with reserves reported at ~$702.9 bn, supporting currency defense capacity.

Bond markets & yield trends
India 10-year G-Sec yield at ~6.47%, stable within a narrow band. Minor upward bias reflects domestic liquidity conditions.

Currency & forex landscape
USD/INR trades at 88.75–88.80, hovering near fresh lows. Persistent dollar strength & capital outflows weigh on the rupee.

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Commodities

Energy
Brent crude at $67.7–$67.8 / bbl; prices firm on inventory draws & geopolitical tension. Crude remains a key macro variable for India given inflation sensitivity.
Natural gas trades flat, providing marginal relief to global energy costs.

Base & precious metals tracker
Gold trades at $3,771.80 / oz, sustaining highs as investors lean into safe-haven positioning. In India, local market gold prices hover near ₹1,14,000 per 10 gm, underlining elevated demand.
Silver trades firm alongside gold. Copper shows tentative strength while aluminum remains subdued, reflecting mixed demand cues.

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Volatility & options metrics
India VIX: 10.6 (+5.8% vs prior).
US VIX: 16.1 (flat).
Nifty PCR: 0.85.
Implied volatility slightly higher; risk premium for intraday moves is edging up.

Trade levels & technical map
Pivot = 25,135
R1 / R2 = 25,220 / 25,350
S1 / S2 = 25,020 / 24,940
Intraday watch zones: 25,100–24,940 as support & 25,220–25,350 as resistance.

Directional summary & triggers
Net: SGX Nifty at 25,155, implying −14 pts (−0.06%) vs prior close; trend muted.
Key triggers: US 10Y at 4.11%, Brent crude near $67.8, USD/INR at ~88.8.