Pre-Market Setup: Global Cues Set Positive Tone for Today's Session
By ScanX News Team
GIFT Nifty up 0.10% at 24,840.00, hinting at a slightly positive start. Wall Street closed strong with Dow up 0.47% and Nasdaq gaining 0.56%. Asian markets mixed: Nikkei down 0.77%, Hang Seng up 1.04%. Crude oil slightly higher, gold marginally down. USD/INR at 86.46. FIIs were net sellers, while DIIs net buyers. Key earnings announcements expected from Indusind Bank, GAIL, and Torrent Pharmaceuticals.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing positive momentum, setting an optimistic tone for today's trading session. Key developments across major economies are likely to influence investor sentiment as the markets open.
GIFT Nifty Update
GIFT Nifty futures are trading at 24,840.00, up 25 points or 0.10% from the previous close, indicating a slightly positive start for the broader index in India.
US Markets
Wall Street closed on a strong note, with major indices posting gains:
| Index | Closing Value | Change (%) |
|---|---|---|
| Dow Jones Industrial Average | 44,922.93 | +0.47 |
| Nasdaq Composite | 21,465.75 | +0.56 |
The S&P 500 futures are also trading higher, up 0.39% at 6,450.25.
Asian Markets
Asian markets are showing mixed trends:
| Index | Current Value | Change (%) |
|---|---|---|
| Japan's Nikkei 225 | 41,138.68 | -0.77 |
| Hong Kong's Hang Seng Index | 25,653.64 | +1.04 |
Commodity Trends
In the commodities market:
| Commodity | Price | Change (%) |
|---|---|---|
| WTI Crude (per barrel) | $65.38 | +0.34 |
| Gold Futures (per ounce) | $3,333.40 | -0.07 |
| Silver Futures (per ounce) | $38.43 | +0.17 |
Brent crude is also marginally higher.
Currency Updates
The US Dollar to Indian Rupee exchange rate is at 86.46, showing a marginal increase of 0.003%.
FII/DII Activity
| Investor Type | Net Activity | Amount (₹ crore) |
|---|---|---|
| Foreign Institutional Investors (FIIs) | Net Sellers | 1,979.96 |
| Domestic Institutional Investors (DIIs) | Net Buyers | 2,138.59 |
Key Global Events
Investors will be closely watching the quarterly results announcements from several companies scheduled for today, including:
- Indusind Bank
- GAIL
- Torrent Pharmaceuticals
Conclusion
As the markets prepare to open, the slightly positive GIFT Nifty, along with mixed global cues and ongoing corporate earnings, are likely to influence trading sentiment. Investors should keep an eye on sector-specific movements and global developments throughout the session.
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