Pre-Market Setup: Global Cues Set Stage for Volatile Opening
GIFT Nifty down 0.05% at 24,698.00, hinting at a flat to slightly negative opening. Wall Street ended mixed, with Dow up 0.99% but Nasdaq down 0.07%. Asian markets show mixed trends. Crude oil futures down 0.59%, while gold and silver futures rise. Rupee weakens to 87.46 against USD. FIIs were net sellers of ₹3,644.43 crore, while DIIs net bought ₹5,623.79 crore. Key stocks like Reliance Industries trading ex-dividend today.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are providing mixed signals as traders prepare for the opening bell. With key economic data and corporate results in focus, volatility is expected to remain elevated.
GIFT Nifty Update
GIFT Nifty futures traded at 24,698.00, down 12.00 points or 0.05% from the previous close, indicating a flat to slightly negative start for domestic indices.
US Markets
Wall Street ended mixed in the overnight session:
| Index | Change (%) | Closing Value |
|---|---|---|
| Dow Jones Industrial Average | +0.99 | 44,917.96 |
| Nasdaq Composite | -0.07 | 21,857.25 |
Asian Markets
Asian stocks are trading mixed in early deals:
| Index | Change (%) | Current Value |
|---|---|---|
| Nikkei 225 | +1.30 | 43,274.67 |
| Hang Seng Index | +0.39 | 25,712.73 |
Commodity Trends
Crude Oil
- WTI crude futures: Down 0.59% at $62.80 per barrel
- Brent crude futures: Down 0.59% at $62.80 per barrel
Precious Metals
- Gold futures: Up 0.24% at $3,416.40 per troy ounce
- Silver futures: Up 0.37% at $38.75 per troy ounce
Currency Updates
The rupee weakened against the US dollar, with the USD/INR pair trading at 87.46.
FII/DII Activity
| Investor Type | Net Activity | Amount (₹ crore) |
|---|---|---|
| FIIs | Net Sellers | 3,644.43 |
| DIIs | Net Buyers | 5,623.79 |
Key Corporate Actions
Several companies including Reliance Industries, Mahanagar Gas, and Gland Pharma will trade ex-dividend today. Investors should watch these stocks for potential price action.
Conclusion
With mixed global cues and ongoing earnings season, markets are likely to see stock-specific action. Traders should remain cautious and watch for volatility in early trades.
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