Trade Setup for Today: Global Cues and Key Factors Shaping the Market
GIFT Nifty futures up 0.23%, indicating a positive opening for Indian markets. US indices closed higher, with Dow Jones up 1.21%. Asian markets mixed, Nikkei 225 surges 1.94% while Hang Seng dips 0.22%. Crude oil slightly up, gold and silver decline. FIIs were net sellers, DIIs net buyers on Jan 21. Key results expected from Indigo, DLF, and Zee Entertainment.
*this image is generated using AI for illustrative purposes only.
As we gear up for another trading session, let's dive into the key factors that could influence market sentiment today.
GIFT Nifty Update
GIFT Nifty futures are trading at 25,350.00, up 59.00 points or 0.23% from the previous close, indicating a potentially positive start for the domestic indices.
US Markets
U.S. stock indices closed higher in the overnight session:
| Index | Change (%) | Closing Value |
|---|---|---|
| Dow Jones | +1.21 | 49,098.24 |
| S&P 500 | +0.33 | 6,932.75 |
| Nasdaq | +1.16 | 23,241.70 |
Asian Markets
Asian markets are showing mixed trends in early trade:
| Index | Change (%) | Current Value |
|---|---|---|
| Nikkei 225 | +1.94 | 53,797.48 |
| Hang Seng | -0.22 | 26,526.32 |
Commodity Trends
Key commodities are showing varied movements:
| Commodity | Price | Change (%) |
|---|---|---|
| Crude Oil (WTI) | $60.76 | +0.23 |
| Natural Gas | $5.24 | +7.55 |
| Gold | $4,792.70 | -0.93 |
| Silver | $92.14 | -0.54 |
Currency Updates
The USD/INR pair is currently trading at 91.47, down 0.03% from the previous close.
FII/DII Activity
Recent institutional activity shows contrasting trends:
| Investor Type | Action | Amount (₹ Crore) |
|---|---|---|
| FIIs (Jan 21) | Net Sellers | -1,787.66 |
| DIIs (Jan 21) | Net Buyers | +4,520.47 |
Block Deals
Notable block deals from the previous session:
| Company | Seller | Buyer | Shares (in millions) | Price (₹) |
|---|---|---|---|---|
| RBL Bank | BNP Paribas Financial Markets | BOFA Securities Europe SA | 6.00 | 296.00 |
| Adani Green Energy | BNP Paribas Financial Markets | Goldman Sachs Bank Europe SE | 1.00 | 883.30 |
| Bharti Airtel - PP | BOFA Securities Europe SA | BNP Paribas Financial Markets | 1.21 | 1,597.00 |
Latest Updates for Stocks Involved in Block Deals
- RBL Bank reported a 555% jump in Q3 net profit, but shares fell over 7% due to higher credit costs and provisions.
- Competition Commission of India approved Emirates NBD Bank's proposed stake acquisition in RBL Bank.
- Adani Green Energy continues to attract institutional interest amid the group's ongoing expansion in renewable energy.
Key Corporate Actions
Several companies are slated to announce their quarterly results today, including:
- Indigo
- DLF
- Zee Entertainment
- Mphasis
- Bandhan Bank
Additionally, DB Corp will trade ex-dividend for its interim dividend of ₹2.00 per share.
As the market opens, investors will be closely watching these developments and their potential impact on trading sentiment. Stay tuned for updates throughout the session.
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