Global Market Cues For April 24: Gift Nifty, Asian Indices, Commodities, And RIL Q4 Results

Global and domestic cues are shaping investor sentiment today. Asian markets are reacting to U.S. interest rate expectations, while commodity prices continue to influence inflationary outlooks. In India, Reliance Industries’ quarterly earnings will be closely watched for sectoral momentum.  

Gift Nifty And Asian Indices  

Gift Nifty traded steady, reflecting muted investor sentiment ahead of corporate earnings. Nikkei and Kospi saw marginal declines, while Hang Seng remained volatile amid concerns over China’s economic recovery.  

Commodities Update  

Crude oil prices edged higher due to supply concerns, adding inflationary pressure globally. Gold prices fell as investors shifted toward the dollar, which strengthened against major currencies.  

Domestic Trigger: RIL Q4 Results  

Reliance Industries is set to announce its Q4 results today. Analysts expect strong performance in telecom and retail segments, while refining margins may remain under pressure. The results will likely influence broader market direction.  

Market Outlook  

Volatility is expected as global cues remain mixed. Investors are advised to track commodity prices, currency movements, and corporate earnings for short-term positioning.  

Key Highlights  

• Gift Nifty trades flat ahead of earnings  
• Nikkei, Kospi decline; Hang Seng volatile  
• Crude oil prices rise, gold slips  
• Dollar strengthens against major currencies  
• Reliance Q4 results to guide domestic sentiment  

Sources: Economic Times, Business Standard, Mint, Moneycontrol