Global Cues Set Positive Tone Ahead of Trading Session
GIFT Nifty futures up 0.21% at 24,603.00, indicating a positive opening. US markets closed mixed, with Dow down 0.45% and Nasdaq up 0.13%. Asian markets show mixed trends, with Nikkei surging 2.36%. Crude oil slightly up, while gold dips. FIIs were net sellers, but DIIs showed strong buying. Key earnings announcements expected from Zydus Life Science, ONGC, Hindalco Industries, and Natco Pharma.
*this image is generated using AI for illustrative purposes only.
Pre-Market Setup: Global Trends Shaping Today's Session
As traders gear up for the opening bell, global cues paint a cautiously optimistic picture. The GIFT Nifty futures trading at 24,603.00 points, up 0.21%, hint at a positive start for the benchmark indices.
GIFT Nifty Update
GIFT Nifty futures are currently trading at 24,603.00, indicating a gain of 51.00 points or 0.21% from the previous close. This suggests a likely positive opening for the domestic markets.
US Markets
Overnight, Wall Street ended on a mixed note:
| Index | Closing Value | Change (%) |
|---|---|---|
| Dow Jones Industrial Average | 43,996.10 | -0.45 |
| Nasdaq Composite | 21,590.75 | +0.13 |
The S&P 500 futures are currently trading at 6,405.75, up 0.09%.
Asian Markets
Asian markets are showing a mixed trend in early trade:
| Index | Current Value | Change (%) |
|---|---|---|
| Japan's Nikkei 225 | 42,807.41 | +2.36 |
| Hong Kong's Hang Seng | 24,900.01 | -0.03 |
Commodity Trends
In the commodities market:
| Commodity | Price | Change (%) |
|---|---|---|
| WTI Crude (per barrel) | $64.01 | +0.08 |
| Brent Crude (per barrel) | $64.01 | +0.08 |
| Natural Gas (per mmBtu) | $2.98 | +0.71 |
| Gold Futures (per troy ounce) | $3,402.80 | -0.06 |
| Silver Futures (per troy ounce) | $37.86 | +0.18 |
Currency Updates
The US Dollar Index is trading flat. The USD/INR pair is at 87.68, showing a slight uptick of 0.07%.
FII/DII Activity
| Investor Type | Net Activity | Value (₹ Crore) |
|---|---|---|
| Foreign Institutional Investors (FIIs) | Net Sellers | -1,202.65 |
| Domestic Institutional Investors (DIIs) | Net Buyers | +5,972.36 |
Key Corporate Actions
Several companies are slated to announce their quarterly results today, including:
- Zydus Life Science
- ONGC
- Hindalco Industries
- Natco Pharma
Investors will closely watch these earnings for cues on corporate performance and economic health.
As the markets prepare to open, traders will be weighing these global and domestic factors to gauge the day's trajectory.
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