Global Cues Set Positive Tone as Markets Eye Key Earnings
By ScanX News Team
Indian markets are poised for a positive opening, buoyed by strong overnight gains in US equities and firm Asian markets. GIFT Nifty futures are up 0.35%, indicating a gap-up start. Wall Street ended on a strong note with Nasdaq surging 2.14%. Asian indices are trading mostly higher, led by Nikkei 225 up 1.58%. Crude oil prices have risen, while gold has dipped. The rupee closed at 85.37 against the USD. FIIs and DIIs showed strong buying activity in the previous session. Investors await quarterly results from several companies and will monitor global economic data releases.
*this image is generated using AI for illustrative purposes only.
Pre-Market Setup: Global Trends Point to Positive Start
As traders gear up for another session, global cues suggest a positive opening for the markets. Overnight gains in US equities and firm Asian markets are likely to boost sentiment, while investors await a slew of quarterly results from major companies.
GIFT Nifty Update
GIFT Nifty futures traded at 24,835.50, up 0.35% or 87 points, indicating a gap-up start for the cash market.
US Markets
Wall Street ended on a strong note:
| Index | Closing Value | Change (%) |
|---|---|---|
| Nasdaq Composite | 19,717.75 | 2.14% |
| S&P 500 | 5,998.00 | 1.61% |
| Dow Jones Industrial Average | 42,119.70 | 1.37% |
Asian Markets
Asian indices were trading mostly higher:
| Index | Value | Change (%) |
|---|---|---|
| Nikkei 225 | 38,319.15 | 1.58% |
| Hang Seng | 23,351.67 | 0.40% |
Commodity Trends
| Commodity | Price | Change (%) |
|---|---|---|
| WTI Crude ($/bbl) | 62.64 | 1.29% |
| Brent Crude ($/bbl) | 62.64 | 1.29% |
| Gold ($/oz) | 3,261.90 | -1.00% |
| Silver ($/oz) | 33.21 | 0.14% |
| Natural Gas ($/MMBtu) | 3.19 | -0.34% |
Currency Updates
The rupee closed at 85.37 against the US dollar in the previous session.
FII/DII Activity
| Investor Type | Net Purchase (₹ crore) |
|---|---|
| FIIs | 4,662.92 |
| DIIs | 7,911.99 |
Key Events to Watch
Investors will closely monitor quarterly results from several companies including Balaji Amines, Granules India, Dish TV India, Hinduja Global Solutions, and others scheduled to report their earnings today.
The markets will also keep an eye on global economic data releases and any geopolitical developments that could impact sentiment.
