From Gift Nifty premium and Wall Street rally to weak US GDP data and gold price dip, here’s what’s moving the market ahead of June 27 opening.
Mumbai, June 27, 2025 — Indian equity benchmarks, Sensex and Nifty 50, are poised for a strong start on Friday, riding the wave of global optimism and supportive domestic sentiment. Gift Nifty was trading around 25,715, nearly 100 points above Nifty futures’ previous close, signaling a positive bias at the opening bell.
The Nifty 50 had closed Thursday at a 9-month high of 25,549, while the Sensex rallied 1,000 points to end at 83,755. With the Israel-Iran ceasefire holding, investor sentiment across Asia and the US improved further overnight.
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Here are 10 key triggers for the Indian stock market today:
1. Gift Nifty Points to Strong Opening
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Gift Nifty was quoting nearly 100 points higher at 25,715, reflecting strong investor confidence and indicating a gap-up opening for Nifty 50.
2. Wall Street Rally Continues
The US stock markets surged overnight.
- Dow Jones: +404 points (0.94%)
- S&P 500: +48.86 points (0.80%)
- Nasdaq: +194.36 points (0.97%)
Tech giants like Amazon (+2.42%), Microsoft (+1.05%), and Nvidia (+0.51%) posted gains, while Nike soared over 10% in after-hours trading.
3. Asian Markets in Green
Most Asian indices mirrored Wall Street optimism:
- Nikkei 225: +1.07%
- Topix: +1.05%
- Kospi & Kosdaq: Flat
- Hang Seng Futures: Slightly higher
4. US GDP Revised Lower
US Q1 GDP was revised to a 0.5% contraction, sharper than the 0.2% previously reported. While this indicates a slowdown, it also strengthens the case for rate cuts by the Federal Reserve.
5. US Trade Deficit Widens
Goods trade deficit rose 11.1% to $96.6 billion in May, with exports falling by $9.7 billion. However, imports remained mostly unchanged.
6. Drop in Unemployment Claims
US jobless claims fell by 10,000 to 236,000, showing a resilient labor market even as economic growth slowed.
7. Durable Goods Orders Surge
Durable goods orders rose a staggering 16.4% in May, rebounding from April’s revised 6.6% decline. The surge indicates manufacturing strength despite GDP contraction.
8. Gold Prices Edge Lower
Spot gold fell 0.4% to $3,314.27/oz, heading for a second straight weekly loss. US gold futures also declined 0.6% to $3,327/oz.
9. Dollar Hits 3-Year Low
The US dollar weakened significantly amid market concerns about the Fed’s autonomy. The Dollar Index is down 0.43% for the session and over 10% YTD.
10. Crude Oil Steady But Set for Weekly Loss
Crude prices were up slightly:
- Brent: $68.07/barrel (+0.50%)
- WTI: $65.57/barrel (+0.51%)
But both benchmarks are on track for a 12% weekly decline as Middle East tensions ease.
Outlook:
Ajit Mishra of Religare Broking expects Nifty 50 to inch toward its record high in the coming sessions, with a possible short-term pause near 25,800. Rate-sensitive sectors like banking, auto, and realty remain favored.
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