News Markets Trade Setup for Today: Global Cues and Key Factors Shaping the Market on February 2, 2026Trade Setup for Today: Global Cues and Key Factors Shaping the Market on February 2, 2026
GIFT Nifty up 0.09%, indicating a positive opening. US markets closed lower, with NASDAQ down 1.10%. Asian markets mixed: Nikkei +0.31%, Hang Seng -1.76%. Commodities volatile: Crude oil -3.50%, Gold +0.27%. USD/INR at 91.77, up 0.14%. FIIs and DIIs were net sellers in the previous session. Key results expected from Tata Chemicals, UPL, and others.
*this image is generated using AI for illustrative purposes only.
Market Overview
As we kick off the trading session on February 2, 2026, global markets present a mixed picture, setting the stage for an interesting day ahead.
GIFT Nifty Update
The GIFT Nifty is trading at 24,867, up 0.09% or 23.5 points from the previous close. This suggests a potentially positive start for the domestic indices.
US Markets
Major US indices closed lower in the previous session:
| Index | Change (%) |
|---|---|
| NASDAQ | -1.10 |
| Dow Jones | -0.36 |
| S&P 500 | -0.70 |
Asian Markets
Asian markets are showing mixed trends:
| Index | Change (%) |
|---|---|
| Nikkei 225 | +0.31 |
| Hang Seng | -1.76 |
Commodity Trends
Key commodities are experiencing significant movements:
| Commodity | Price | Change (%) |
|---|---|---|
| Crude Oil | 62.93 | -3.50 |
| Natural Gas | 3.70 | -14.97 |
| Gold | 4,758.10 | +0.27 |
| Silver | 82.56 | +5.13 |
| Copper | 5.81 | -1.99 |
Currency Updates
The USD/INR pair is trading at 91.77, up 0.14%.
FII/DII Activity
Recent institutional activity shows:
| Investor Type | Action | Amount (Cr) |
|---|---|---|
| FIIs (01/02/2026) | Net Sellers | 588.34 |
| DIIs (01/02/2026) | Net Sellers | 682.73 |
| FIIs (30/01/2026) | Net Buyers | 2,251.37 |
| DIIs (30/01/2026) | Net Sellers | 601.03 |
Key Corporate Actions
Several companies are scheduled to announce their quarterly results today, including:
- Tata Chemicals
- UPL
- City Union Bank
- Honeywell Automation
- PB FinTech (Policybazaar)
Additionally, some companies have declared dividends:
| Company | Dividend Type | Amount |
|---|---|---|
| Balkrishna Industries | Interim | 4.00 |
| BPCL | Interim | 10.00 |
| LT Foods | Interim | 1.00 |
| Metro Brands | Interim | 3.00 |
Conclusion
With mixed global cues, volatile commodity prices, and significant corporate actions, market participants should stay alert to potential opportunities and risks in today's trading session.
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