6 Things to Know Before Market Opens on October 25, 2024

On Friday, October 25, 2024, the benchmark indices, Sensex and Nifty 50 are likely to open flat amid mixed global market cues. At 08:10 AM, Gift Nifty traded almost flat 0.01% up to 24,459.

Previous Trading Session 

On October 24,  2024, The BSE Sensex dropped 16.82  points or 0.02% to settle at 80,065.16, while the Nifty 50 declined 36.10 points or 0.15% to end at 24,399.40.

FII and DIIs 

On October 24, 2024, DIIs bought securities worth ₹3,620.47 crore, while FIIs sold securities worth ₹5,062.45 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.76  in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Crude oil prices increased in the energy markets and are expected to climb more than 1% per week. US West Texas Intermediate crude was up 0.6% at $70.62 a barrel, while Brent crude futures increased 0.6% to $74.83 a barrel.  Due to demand for safe-haven assets, gold prices stabilised on Friday but remained on track for a weekly increase. Spot gold, at $2,733.63 an ounce, was barely altered. Prices were up 0.5% so far this week and reached a record high of $2,758.37 on Wednesday.

Asian Markets

Ahead of Japan’s general election this weekend, Asian markets were mixed on Friday. The Topix dipped 0.41% while Japan’s Nikkei 225 fell 0.52%. The Kosdaq increased 0.42% and the South Korean stock exchange’s Kospi jumped 1%. Futures for Hong Kong’s Hang Seng index pointed to a little worse opening.

US Markets

On October 24, 2024, the S&P 500 increased 12.44 points, or 0.21%, to 5,809.86, while the Dow Jones Industrial Average fell 140.59 points, or 0.33%, to 42,374.36. At 18,415.49., the Nasdaq Composite closed 138.83 points, or 0.76%, higher.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.