Pre-Market Setup: Global Cues Set Cautious Tone Ahead of Key Earnings
By ScanX News Team
GIFT Nifty down 0.13% at 25,179.50, indicating a muted start. US markets closed with modest gains, while Asian markets show mixed trends. Crude oil down 1.95%, gold up 0.11%. FIIs were net sellers, DIIs net buyers. Key earnings reports from Reliance Industries and JSW Steel, along with dividend announcements from HCL Tech, Kotak Bank, and Bharti Airtel in focus.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on July 18, 2025, global markets are sending mixed signals, setting a cautious tone for the day ahead. Key earnings reports and corporate actions are in focus, potentially influencing market sentiment.
GIFT Nifty Update
The GIFT Nifty is trading at 25,179.50, down 0.13% or 34 points from the previous close. This suggests a muted start for the domestic indices.
US Markets
Overnight, US markets showed resilience with modest gains:
| Index | Closing Value | Change |
|---|---|---|
| NASDAQ Composite | 21,189.25 | 0.06% |
| Dow Jones Industrial Avg. | 44,505.50 | 0.52% |
Asian Markets
Asian markets are displaying mixed trends:
| Index | Current Value | Change |
|---|---|---|
| Nikkei 225 | 39,773.75 | -0.32% |
| Hang Seng | 24,768.49 | 1.10% |
Commodity Trends
| Commodity | Price | Change |
|---|---|---|
| WTI Crude Oil | $66.22/bbl | -1.95% |
| Gold Futures | $3,349.10 | 0.11% |
| Silver Futures | $38.56 | 0.67% |
Currency Updates
| Currency Pair | Rate | Change |
|---|---|---|
| USD/INR | 85.97 | -0.02% |
| EUR/USD | 1.16 | 0.29% |
FII/DII Activity
On July 17:
- Foreign Institutional Investors (FIIs) were net sellers, offloading ₹3,694.31 crore worth of shares.
- Domestic Institutional Investors (DIIs) continued their buying spree, with net purchases of ₹2,820.77 crore.
Key Corporate Actions
Several significant corporate actions are scheduled for today:
- Reliance Industries and JSW Steel are set to announce their quarterly results.
- HCL Technologies has declared an interim dividend of ₹12 per share.
- Kotak Mahindra Bank and Bharti Airtel have announced final dividends of ₹2.50 and ₹16 per share, respectively.
- Samvardhana Motherson International and Motherson Sumi Wiring India have declared bonus issues in the ratio of 1:2.
Conclusion
As the market opens, investors will be closely watching these corporate actions and global cues. The mixed signals from global markets and the cautious GIFT Nifty suggest a potentially volatile session ahead.
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