Trade Setup for Today: Global Cues and Corporate Actions to Watch on February 17
GIFT Nifty down 0.15% at 25,625.50, indicating a slightly negative opening. US markets closed mixed, with NASDAQ down 0.62%. Asian markets show varied performance. Crude oil up 1.26%, while gold and silver face pressure. FIIs net sellers of ₹972.13 Cr, DIIs net buyers of ₹1,666.98 Cr. Multiple corporate actions announced, including MAJESAUT's ₹35 special dividend.
*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 indicates a cautious start for Indian indices, while corporate actions and global trends offer potential catalysts for market movement.
GIFT Nifty Update
The GIFT Nifty futures stand at 25,625.50, down 0.15% from the previous close, suggesting a slightly negative opening for the NSE Nifty and BSE Sensex.
Global Market Trends
US Markets
Major US indices closed with mixed results:
| Index | Change (%) |
|---|---|
| Dow Jones | +0.10 |
| NASDAQ | -0.62 |
| S&P 500 | -0.31 |
Asian Markets
Asian markets show varied performance:
| Index | Change (%) |
|---|---|
| Nikkei 225 | -0.83 |
| Hang Seng | +0.52 |
Commodity Trends
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 63.68 | +1.26 |
| Gold | 4,986.70 | -1.18 |
| Silver | 76.11 | -2.38 |
| Natural Gas | 3.09 | -4.72 |
Currency Update
The USD/INR pair is trading at 90.74, showing a marginal increase of 0.001%.
FII/DII Activity
Recent institutional investor activity:
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 9,169.39 | 10,141.52 | -972.13 |
| DII | 13,121.31 | 11,454.33 | +1,666.98 |
Corporate Actions to Watch
Several companies have announced dividends and other corporate actions:
| Company | Action | Details |
|---|---|---|
| RSTL | Bonus | 1:2 ratio |
| IRCON | Interim Dividend | ₹1.20 per share |
| INTERISE | Final Dividend | ₹3.81 per share |
| VGCL | Interim Dividend | ₹0.65 per share |
| BECTORFOOD | Interim Dividend | ₹0.60 per share |
| IOLCP | Interim Dividend | ₹1.00 per share |
| HIKAL | Interim Dividend | ₹0.20 per share |
| INDIGRID | Final Dividend | ₹4.00 per share |
| MAJESAUT | Special Dividend | ₹35.00 per share |
| SCI | Interim Dividend | ₹3.50 per share |
| NXT-INFRA | Final Dividend | ₹7.48 per share |
| IGIL | Interim Dividend | ₹2.50 per share |
Additionally, THRIVE has scheduled an Extraordinary General Meeting, while SAIFL, CREATIVEYE, and ACCORD are set to announce their quarterly results.
Key Takeaways
- GIFT Nifty suggests a cautious start for Indian markets.
- US markets closed mixed, with tech stocks facing pressure.
- Asian markets show divergent trends.
- Crude oil prices have risen, while gold and silver face downward pressure.
- FIIs were net sellers, while DIIs showed strong buying interest.
- Multiple companies have announced dividends, with MAJESAUT offering a notable special dividend.
Investors should keep an eye on these factors as they may influence market sentiment and individual stock performances during the day's trading session.
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