Trade Setup for Today: Global Cues Mixed as Markets Await Key Earnings
By ScanX News Team
GIFT Nifty up 0.05% at 24,662.50, hinting at a mildly positive open. US markets closed mixed, with NASDAQ gaining 0.19% while Dow fell 0.14%. Asian markets show divergent trends, with Nikkei and Hang Seng both down. Commodities mixed: gold up 0.21%, crude oil slightly lower. FIIs were net sellers, while DIIs showed strong buying. Key earnings from L&T, Asian Paints, NTPC awaited.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders gear up for the opening bell, global markets present a mixed picture, setting the stage for a potentially volatile session. With a slew of quarterly results and corporate actions on the docket, investors will be closely watching for cues to drive market direction.
GIFT Nifty Update
The GIFT Nifty futures trading at 24,662.50 points, up 0.05% from the previous close, suggests a mildly positive start for the broader market. However, the marginal gain indicates cautious sentiment among traders.
US Markets
Overnight, Wall Street ended on a mixed note. The Dow Jones Industrial Average closed at 44,858.55, down 0.14%, while the tech-heavy NASDAQ Composite bucked the trend, gaining 0.19% to close at 21,457.00 points.
Asian Markets
Asian markets are showing divergent trends in early trade:
- Japan's Nikkei 225 is down 0.82% at 40,663.72
- Hong Kong's Hang Seng Index has slipped 0.99% to 25,308.43
The mixed performance in Asian markets reflects ongoing uncertainty in global economic conditions.
Commodity Trends
In the commodities space:
- Crude Oil (WTI) is trading at $66.70 per barrel, marginally lower by 0.01%
- Gold futures are up 0.21% at $3,316.80 per ounce
- Silver futures have gained 0.14%, trading at $38.28 per ounce
- Natural gas prices have surged 4.18% to $3.11 per MMBtu
FII/DII Activity
The latest data shows:
| Category | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 9,993.78 | 16,076.25 | -6,082.47 |
| DII | 15,799.53 | 9,034.98 | 6,764.55 |
Foreign Institutional Investors (FIIs) were net sellers, while Domestic Institutional Investors (DIIs) showed strong buying interest, potentially offsetting some of the foreign outflows.
Key Events to Watch
Several major companies are slated to announce their quarterly results today, including:
- Larsen & Toubro
- Asian Paints
- NTPC
- Varun Beverages
- SRF
Additionally, multiple firms are holding their Annual General Meetings (AGMs), which could provide insights into their future strategies and outlook.
As the market opens, traders should keep an eye on these key factors and corporate actions, which are likely to influence trading sentiment and individual stock movements throughout the session.
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