Global Cues and Block Deals Set Tone for Indian Markets Today
GIFT Nifty futures up 0.12%, indicating a positive opening for Indian markets. US indices closed mixed, with Dow Jones down and NASDAQ slightly lower. Asian markets show mixed trends. Commodities, including crude oil and gold, declined. USD/INR pair steady. Notable block deals in Asian Paints, L&T, SBI, and others. Key corporate actions include TCS and Tata Elxsi results announcements.
*this image is generated using AI for illustrative purposes only.
GIFT Nifty Update
GIFT Nifty futures were trading at 25,153.00, up 30 points or 0.12% from the previous close, indicating a positive start for Indian benchmarks.
US Markets
Major US indices closed mixed overnight:
| Index | Closing Price | Change |
|---|---|---|
| Dow Jones | 46,622.77 | -1.22 |
| NASDAQ | 23,245.75 | -0.04% |
Asian Markets
Asian markets showed mixed trends in early trading:
| Index | Current Level | Change |
|---|---|---|
| Nikkei 225 | 48,330.46 | +1.25% |
| Hang Seng | 26,777.47 | -0.19% |
Commodity Trends
Key commodities showed varied movements:
| Commodity | Price (USD) | Change |
|---|---|---|
| Crude Oil | 62.10 | -0.72% |
| Gold | 4,029.90 | -0.99% |
| Silver | 48.07 | -1.90% |
| Natural Gas | 3.31 | -0.66% |
Currency Updates
The USD/INR pair was trading at 88.73, up 0.01%.
FII/DII Activity
Recent institutional investor activity:
| Investor Type | Action | Amount (₹ Crore) |
|---|---|---|
| FIIs (08-Oct) | BUY | 10,286.98 |
| FIIs (08-Oct) | SELL | 10,205.70 |
| DIIs (08-Oct) | BUY | 11,733.48 |
| DIIs (08-Oct) | SELL | 11,403.52 |
Block Deals
Notable block deals from the previous session:
| Stock | Buyer | Seller | Shares | Price (₹) |
|---|---|---|---|---|
| Asian Paints | GOLDMAN SACHS BANK EUROPE SE - ODI | GOLDMAN SACHS (SINGAPORE) PTE - ODI | 180,537 | 2,327.00 |
| Larsen & Toubro | GOLDMAN SACHS BANK EUROPE SE - ODI | GOLDMAN SACHS (SINGAPORE) PTE - ODI | 72,034 | 3,749.00 |
| State Bank of India | GOLDMAN SACHS BANK EUROPE SE - ODI | GOLDMAN SACHS (SINGAPORE) PTE - ODI | 541,064 | 861.50 |
| EFC | ABAKKUS DIVERSIFIED ALPHA FUND - 2 | FORBES EMF | 350,000 | 296.10 |
| HCL Technologies | GOLDMAN SACHS BANK EUROPE SE - ODI | GOLDMAN SACHS (SINGAPORE) PTE - ODI | 200,817 | 1,451.00 |
| Yes Bank | GOLDMAN SACHS BANK EUROPE SE - ODI | GOLDMAN SACHS (SINGAPORE) PTE - ODI | 14,663,226 | 22.17 |
| PB FinTech | GOLDMAN SACHS BANK EUROPE SE - ODI | GOLDMAN SACHS (SINGAPORE) PTE - ODI | 206,987 | 1,769.00 |
| IDFC First Bank | GOLDMAN SACHS BANK EUROPE SE - ODI | GOLDMAN SACHS (SINGAPORE) PTE - ODI | 11,000,000 | 72.45 |
Latest Updates for Stocks Involved in Block Deals
- State Bank of India is working on simplifying KYC processes and expanding its digital offerings through the YONO app.
- IDFC First Bank approved the allotment of 81.27 crore equity shares to Currant Sea Investments B.V., raising approximately ₹4,876 crore.
- Yes Bank completed its deal with SMBC, with SMBC directors joining the bank's board.
- Bank of India reported 11.8% year-on-year growth in global business to ₹15,61,888 crore as of September 30.
Key Corporate Actions Today
Several companies are scheduled to announce their quarterly results, including:
- TCS
- Tata Elxsi
- GM Breweries
- Eimco Elecon
Additionally, Chandrima Mercantiles will issue bonus shares in the ratio of 1:2.
Conclusion
Indian markets are poised for a positive start, influenced by mixed global cues and significant block deals in key stocks. Investors will be closely watching the quarterly results announcements and corporate actions scheduled for today.
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