Trade Setup for Today: Global Cues and Block Deals Shape Market Sentiment
GIFT Nifty at 25,958.50 indicates a flat to slightly positive start. US markets closed mixed, with Dow down 1.07% but NASDAQ and S&P futures slightly up. Asian markets show varied movements. Crude oil down 0.35%, gold dips 0.10%. USD/INR at 88.55, up 0.05%. Significant block deals observed in ITC, Adani Enterprises, ICICI Bank, Bharti Airtel, and Adani Power, with GQG Partners as the buyer. Several companies announced interim dividends. FIIs sold ₹728.82 crore while DIIs bought ₹6,156.83 crore on 18 Nov.
*this image is generated using AI for illustrative purposes only.
Market Overview
As we approach the opening bell, global markets present a mixed picture, setting the stage for an interesting trading session. The GIFT Nifty suggests a cautious start, while significant block deals and corporate actions add layers to today's market dynamics.
GIFT Nifty Update
The GIFT Nifty is currently trading at 25,958.50, indicating a flat to slightly positive opening for the domestic markets.
Global Market Trends
US Markets
US indices closed with mixed results in the overnight session:
| Index | Closing Price | Change (%) |
|---|---|---|
| Dow Jones | 46,112.75 | -1.07 |
| NASDAQ | 22,527.25 | +0.03 |
| S&P 500 E-Mini Futures | 6,643.75 | +0.06 |
Asian Markets
Asian markets are showing varied movements in early trade:
| Index | Current Level | Change (%) |
|---|---|---|
| Nikkei 225 | 48,978.52 | +0.57 |
| Hang Seng | 25,975.97 | +0.18 |
Commodity Trends
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 60.46 | -0.35 |
| Gold | 4,062.50 | -0.10 |
| Silver | 50.64 | +0.24 |
Currency Update
The USD/INR pair is currently trading at 88.55, showing a slight uptick of 0.05%.
FII/DII Activity
Recent institutional activity shows contrasting positions:
| Investor Type | Net Buy/Sell (₹ Crore) |
|---|---|
| FIIs (18 Nov) | -728.82 |
| DIIs (18 Nov) | +6,156.83 |
Block Deals
Significant block deals were observed in several stocks:
| Stock | Buyer | Seller | Quantity | Price (₹) |
|---|---|---|---|---|
| ITC | GQG Partners | Reliance Trust | 47,551,346 | 407.10 |
| Adani Enterprises | GQG Partners | Reliance Trust | 5,342,008 | 2,462.00 |
| ICICI Bank | GQG Partners | Reliance Trust | 9,467,387 | 1,379.00 |
| Bharti Airtel | GQG Partners | Reliance Trust | 6,806,821 | 2,112.20 |
| Adani Power | GQG Partners | Reliance Trust | 83,610,322 | 153.28 |
Key Corporate Actions
Several companies have announced dividends and other corporate actions:
| Company | Action | Details |
|---|---|---|
| Page Industries | Interim Dividend | ₹125 per share |
| CARE Ratings | Interim Dividend | ₹8 per share |
| Wealth First Portfolio Managers | Interim Dividend | ₹4 per share |
| HUDCO | Interim Dividend | ₹1 per share |
Latest Updates on Block Deal Stocks
- Power Finance Corporation appointed Shri Deepak Jain as Chief Risk Officer.
- Bharti Airtel received a penalty from DoT for subscriber verification norm violations.
- S&P Global Ratings upgraded Bharti Airtel's credit rating to BBB with a positive outlook.
- Adani Enterprises' Navi Mumbai International Airport to commence operations on December 25, 2025.
- JSW Steel appointed Sandeep Batra as President CHRO-Steel Corporate.
As we enter today's session, traders should keep an eye on these global cues, block deals, and corporate actions, which may influence market sentiment and individual stock movements.
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