Trade Setup for Today: Global Cues and Corporate Actions to Watch on Jan 9
GIFT Nifty futures down 0.05% at 26,000.50, indicating a flat start. US markets closed mixed, while Asian indices show positive trends. Crude oil up 0.68% at $58.15. USD/INR trading at 89.87, up 0.06%. FIIs were net sellers on Jan 8, while DIIs were net buyers. Key corporate actions include quarterly results, EGMs, and dividend announcements.
*this image is generated using AI for illustrative purposes only.
As we kick off another trading day, let's dive into the key factors shaping market sentiment and potential movers for the session ahead.
GIFT Nifty Update
The GIFT Nifty futures stand at 26,000.50, down 0.05% from the previous close. This suggests a muted start for the domestic indices.
Global Market Roundup
US Markets
Major US indices closed with mixed results:
| Index | Closing Value | Change (%) |
|---|---|---|
| Dow Jones | 49,287.10 | +0.55 |
| NASDAQ | 23,501.87 | -0.44 |
Asian Markets
Asian markets are showing a positive trend:
| Index | Current Value | Change (%) |
|---|---|---|
| Nikkei 225 | 51,601.60 | +0.95 |
| Hang Seng | 26,191.81 | +0.16 |
Commodity Trends
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 58.15 | +0.68 |
| Gold | 4,479.80 | +0.43 |
| Silver | 76.91 | +2.34 |
| Natural Gas | 3.41 | +0.18 |
Currency Updates
The USD/INR pair is trading at 89.87, up 0.06% from the previous close.
FII/DII Activity
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII (08-Jan) | 11,090.27 | 14,457.39 | -3,367.12 |
| DII (08-Jan) | 18,707.23 | 15,006.06 | +3,701.17 |
Corporate Actions to Watch
Several companies have important events scheduled for today:
- Quarterly Results: Gretex Industries, Triton Corp, G G Engineering, Globus Spirits, IREDA, Tejas Networks
- Extraordinary General Meetings: Trimurthi, Indian Bank, iStreet Network, Raconteur Global Resources, Sattva Engineering Construction, Kody Technolab, MRP Agro, Ashika Credit Capital
- Bonus Issue: Antariksh Industries (1:10)
- Rights Issue: Viram Suvarn (1:2)
- Dividend: Energy Infrastructure Trust (₹3.18 per share)
Investors should keep an eye on these events as they could potentially impact the respective stocks and overall market sentiment.
In conclusion, while global cues present a mixed picture, corporate actions and FII/DII flows will likely play a crucial role in today's trading session. As always, investors are advised to approach the market with caution and make informed decisions based on their individual risk appetite and investment goals.
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