Global Cues Set Positive Tone for Markets Ahead of Opening Bell
GIFT Nifty up 0.09% at 25,109.00, signaling a positive start. US markets closed higher, with Dow Jones up 0.04%. Asian markets mixed: Nikkei down 0.45%, Hang Seng up 0.11%. Crude oil rises 0.45%, gold dips 0.12%. USD/INR at 87.00, down 0.02%. FIIs net sellers, DIIs net buyers. Notable block deals in Shaily Engineering and V-Guard. Key AGMs and ex-dividend trades to watch.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders gear up for the opening bell, global cues paint a cautiously optimistic picture. Positive trends in US markets and a steady GIFT Nifty indicate a potentially upbeat start to the trading session.
GIFT Nifty Update
The GIFT Nifty is trading at 25,109.00, up 23.50 points or 0.09% from the previous close. This suggests a positive opening for the broader market indices.
US Markets
Wall Street closed on a positive note, with the Dow Jones Industrial Average gaining 0.04% to close at 44,959.32. The tech-heavy Nasdaq Composite also edged up 0.18% to 21,286.25, while the S&P 500 futures are trading 0.07% higher at 6,417.75.
Asian Markets
Asian markets are showing mixed trends. Japan's Nikkei 225 is down 0.45% at 42,694.75, while Hong Kong's Hang Seng Index is trading 0.11% higher at 25,193.09.
Commodity Trends
In the commodities market:
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 62.99 | +0.45 |
| Natural Gas | 2.76 | -2.78 |
| Gold | 3,384.40 | -0.12 |
| Silver | 37.88 | +0.28 |
| Copper | 4.20 | -0.06 |
Currency Updates
The USD/INR pair is trading at 87.00, down 0.02% from its previous close.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹1,100.09 crore. Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹1,806.34 crore.
Block Deals
Notable block deals include:
- Shaily Engineering Plastics: American Funds Fundamental Investors bought 500,000 shares at ₹1,925.00 per share, while Lighthouse India Fund III Limited sold an equal number at the same price.
- V-Guard Industries: Promoter Chittilappilly Thomas Kochuouseph sold 4,151,351 shares at ₹370.00 per share, which were bought by ICICI Prudential Mutual Fund.
Latest Updates for Stocks Involved in Block Deals
Shaily Engineering Plastics reported strong quarterly results with revenue up 38% to ₹246.70 crores, driven by 181% growth in the healthcare segment. The company has started commercial manufacturing of GLP-1 pens for semaglutide and plans to expand capacity.
V-Guard Industries saw its promoter reduce stake from 9.4% to 54.3% after the block deal. The company recently reported a 0.7% decline in quarterly revenue to ₹1,466.00 crore and a 25% drop in profit to ₹74.00 crore.
Key Corporate Actions
Several companies are holding their Annual General Meetings (AGMs) today, including Eicher Motors, Hindalco Industries, and Bandhan Bank. Additionally, Coal India and Rail Vikas Nigam will trade ex-dividend.
As the markets prepare to open, traders should keep an eye on these global cues and corporate actions that could influence today's trading session.
17
