Pre-Market Setup: Global Cues and Key Factors Shaping Today's Session
GIFT Nifty down 0.04%, indicating a flat to slightly negative opening. US markets closed positive, while Asian indices show mixed performance. Crude oil prices up slightly, gold marginally higher. USD/INR at 88.11, up 0.04%. FIIs were net sellers, DIIs net buyers on September 15. Key events include IndiGo-Aegean Airlines partnership and Amazon's quick delivery expansion in Mumbai.
*this image is generated using AI for illustrative purposes only.
Global Market Sentiment
The global markets are showing mixed signals as we head into today's trading session. While US markets closed on a positive note, Asian indices are displaying varied performance, setting a cautious tone for domestic markets.
GIFT Nifty Update
GIFT Nifty is currently trading at 25156.50, down 0.04% or 10.50 points from its previous close. This suggests a flat to slightly negative opening for the NSE and BSE indices.
US Markets
US markets ended higher in the previous session, with the Dow Jones Industrial Average gaining 0.11% to close at 45904.44. The tech-heavy NASDAQ Composite rose 0.06% to 22246.75, while the S&P 500 futures are up marginally at 6622.00.
Asian Markets
Asian markets are showing a mixed trend. Japan's Nikkei 225 is up 0.44% at 44966.18, while Hong Kong's Hang Seng Index is trading slightly higher by 0.02% at 26452.00.
Commodity Trends
In the commodities market, crude oil prices have seen a slight uptick. WTI crude is trading at $63.49 per barrel, up 0.30%. Brent crude is at $63.49, showing a similar increase. Gold futures are trading marginally higher at $3719.50 per ounce, up 0.01%. Silver futures have gained 0.53% to reach $43.19 per ounce.
Currency Updates
The USD/INR pair is trading at 88.11, up by 0.04%. The Euro is showing strength against the US Dollar, with EUR/USD trading at 1.1773, up by 0.11%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers on September 15, offloading shares worth ₹1268.59 crore. In contrast, Domestic Institutional Investors (DIIs) were net buyers, purchasing shares valued at ₹1933.33 crore.
Block Deals
Several significant block deals were reported on September 15:
| Company | Shares Traded | Price per Share (₹) |
|---|---|---|
| Apollo Hospitals | 40,265 | 7,874.50 |
| Bharat Electronics | 2,984,304 | 399.30 |
| Infosys | 222,653 | 1,525.60 |
| Bharti Airtel | 1,046,648 | 1,902.60 |
| Godawari Power & Ispat | 3,250,000 | 242.00 |
Key Global Events
IndiGo and Aegean Airlines have agreed to establish a codeshare partnership, potentially expanding their route networks. Godawari Power & Ispat Limited has scheduled a board meeting on September 18 to consider fundraising options. Amazon has expanded its 10-minute delivery service to Mumbai, intensifying competition in the quick commerce sector.
Conclusion
As markets open today, investors will be closely watching global cues, FII/DII activity, and sector-specific developments. The mixed global sentiment and recent block deals could influence trading patterns in the domestic market.
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