Pre-Market Setup: Damani's Big Buy and Global Cues to Shape Today's Session
GIFT Nifty down 0.10% at 25,190.00, indicating a muted start. US markets mixed, with Dow down 0.19% and S&P 500 futures up 0.01%. Asian markets show mixed trends. Crude oil up 0.32%, gold down 0.75%. USD/INR at 88.82, up 0.06%. FIIs net sellers of ₹3,551.19 crore, DIIs net buyers of ₹2,670.87 crore. Significant block deals reported, including Radhakishan Damani's ₹100 crore investment in NDR InvIT Trust.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell, global cues and significant block deals are setting the stage for an interesting session. Radhakishan Damani's substantial investment in NDR InvIT Trust and mixed performance across global markets are key factors to watch.
GIFT Nifty Update
GIFT Nifty is trading at 25,190.00, down 0.10% or 26.00 points from the previous close. This suggests a muted start for the domestic indices.
US Markets
Overnight, US markets showed mixed results:
- Dow Jones Industrial Average: 46,313.79, down 0.19%
- NASDAQ Composite: 22,751.75, unchanged
- S&P 500 E-Mini Futures: 6,715.50, up 0.01%
Asian Markets
Asian markets are displaying a mixed trend:
- Nikkei 225: 45,308.27, down 0.41%
- Hang Seng: 26,228.50, up 0.27%
Commodity Trends
| Commodity | Price | Change |
|---|---|---|
| Crude Oil | $63.61 | +0.32% |
| Natural Gas | $2.87 | +0.46% |
| Gold | $3,787.10 | -0.75% |
| Silver | $44.09 | -1.17% |
All prices in USD
Currency Update
The USD/INR pair is trading at 88.82, up 0.06% from the previous close.
FII/DII Activity
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 12,222.30 | 15,773.49 | -3,551.19 |
| DII | 13,525.73 | 10,854.86 | +2,670.87 |
Block Deals
Significant block deals were reported:
- Radhakishan Damani purchased 87 lakh shares of NDR InvIT Trust worth ₹100 crore at ₹115 per share.
- Aryaman Jhunjhunwala Discretionary Trust bought 58 lakh shares of NDR InvIT Trust valued at ₹66.70 crore at ₹115 per share.
- Energy Infrastructure Trust saw its sponsor, Rapid Holdings 2 Pte. Ltd., sell trust units.
Key Updates for Stocks Involved in Block Deals
- NDR InvIT Trust shares closed at ₹120.00, gaining 4.35% and hitting a fresh 52-week high of ₹122.00. The company operates over 60 warehouses and 37 industrial parks across 15 cities.
- Energy Infrastructure Trust (formerly India Infrastructure Trust) is planning to convert from a private listed infrastructure investment trust to a public listed one, involving a public offer of up to 13.28 crore units.
- Vertis Infrastructure Trust saw KKR and Ontario Teachers' Pension Plan sell over 25.17 crore units for ₹2,468 crore, with buyers including Larsen & Toubro, ICICI Prudential Mutual Fund, and others.
As the market opens, traders will be closely watching these developments and their potential impact on the broader market sentiment.
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