Trade Setup for Today: Global Cues and Key Events to Watch on December 5
GIFT Nifty up 6 points at 26,187, suggesting a flat to slightly positive start. US markets closed mixed, with NASDAQ gaining 0.31%. Asian markets show mixed trends, with Nikkei down 1.30%. Crude oil dips 0.28%, while gold falls 0.34%. USD/INR at 89.85, up 0.08%. FIIs were net sellers, while DIIs were net buyers on Dec 4. Key corporate actions include HUL merger and several bonus issues.
*this image is generated using AI for illustrative purposes only.
As we gear up for another trading session, let's dive into the key global and domestic factors that could shape market sentiment today.
GIFT Nifty Update
The GIFT Nifty is trading at 26,187.00, up 6.00 points from the previous close, indicating a potentially flat to slightly positive start for the domestic indices.
US Markets
U.S. stocks closed mixed in the previous session:
| Index | Change | Closing Price |
|---|---|---|
| Dow Jones | -0.07% | 47,871.93 |
| NASDAQ | +0.31% | 23,620.00 |
| S&P 500 E-Mini Futures | +0.15% | 6,877.25 |
Asian Markets
Asian markets are showing mixed trends in early trade:
| Index | Change | Current Level |
|---|---|---|
| Nikkei 225 | -1.30% | 50,363.52 |
| Hang Seng | -0.46% | 25,816.00 |
Commodity Trends
Key commodities are showing mixed movements:
| Commodity | Price | Change |
|---|---|---|
| Crude Oil (WTI) | $59.50 | -0.28% |
| Gold | $4,228.60 | -0.34% |
| Silver | $57.64 | +0.25% |
| Natural Gas | $5.09 | +0.51% |
Currency Updates
The USD/INR pair is trading at 89.85, up 0.08% from the previous close.
FII/DII Activity
Recent institutional activity shows:
| Investor Type | Action | Amount (₹ Crore) |
|---|---|---|
| FIIs (04-Dec) | Net Sellers | -1,944.19 |
| DIIs (04-Dec) | Net Buyers | 3,661.05 |
Corporate Actions
Several important corporate events are scheduled for today:
- Hindustan Unilever: Merger/Demerger (1:1 ratio)
- Apis India: Bonus issue (24:1 ratio)
- QMS Medical Allied Services: Extraordinary General Meeting
- Interiors & More: Bonus issue (1:1 ratio)
- Tenneco Clean Air: Quarterly result announcement
- Panorama Studios International: Bonus issue (5:2 ratio)
- Hindustan Construction Company: Rights issue (277:630 ratio)
- SPA Capital Services: Extraordinary General Meeting
Conclusion
Investors should keep a close eye on these factors as they navigate today's trading session. The mixed global cues, coupled with significant corporate actions, may lead to sector-specific movements in the market.
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