Global Cues, GIFT Nifty Point to Positive Start for Markets
By ScanX News Team
GIFT Nifty futures indicate a flat to slightly negative opening despite strong US market performance. Asian markets show mixed trends, with Nikkei up and Hang Seng down. Crude oil prices are strengthening, while gold and silver futures see modest gains. The rupee closed at 85.28 against the USD. FIIs and DIIs were net buyers in the previous session. Investors will be closely watching key economic data releases and corporate earnings announcements for market direction.
*this image is generated using AI for illustrative purposes only.
Market Sentiment
As markets gear up for today's trading session, global cues and GIFT Nifty futures indicate a positive opening. Investors will be closely watching key economic data releases and corporate earnings announcements that could influence market direction.
GIFT Nifty Update
GIFT Nifty futures were trading at 24,852.50, down 0.05% from the previous close, suggesting a flat to slightly negative start for the broader index in India.
US Markets
Wall Street ended on a strong note, with the Dow Jones Industrial Average gaining 1.78% to close at 42,364.65. The tech-heavy Nasdaq Composite rose 0.04% to 19,393.75, while the S&P 500 futures were up 0.02% at 5,935.25.
Asian Markets
Asian markets are showing mixed trends:
| Index | Change (%) | Value |
|---|---|---|
| Nikkei 225 | +0.52 | 37,920.04 |
| Hang Seng Index | -0.45 | 23,277.07 |
Commodity Trends
Crude oil prices are showing strength:
| Commodity | Change (%) | Price (USD) |
|---|---|---|
| WTI Crude | +0.57 | 61.24 |
| Brent Crude | +0.56 | N/A |
| Gold Futures | +0.16 | 3,305.70 |
| Silver Futures | +0.36 | 33.43 |
Currency Updates
The rupee closed at 85.28 against the US dollar in the previous session. The dollar index, which tracks the greenback against a basket of currencies, was last quoted at 1.13226.
FII/DII Activity
| Investor Type | Net Activity | Amount (₹ crore) |
|---|---|---|
| FIIs | Net Buyers | 348.45 |
| DIIs | Net Buyers | 10,104.66 |
Key Global Events
Investors will be monitoring several global economic indicators and central bank announcements that could impact market sentiment in the coming days.
Conclusion
As the markets prepare to open, traders and investors will be weighing the positive global cues against domestic factors. Corporate earnings, economic data, and global developments will likely drive market movements throughout the session.
