Trade Setup for Today: Global Cues Mixed as Markets Eye Key Corporate Actions
By ScanX News Team
GIFT Nifty suggests a flat to slightly negative start. US markets closed lower, while Asian markets show mixed trends. Crude oil edges lower, gold slightly down. USD/INR at 85.85, indicating a slight rupee weakening. FIIs and DIIs were net buyers. Key corporate actions include dividends from Tata Motors and TCS, stock split for COFORGE, and multiple rights issues.
*this image is generated using AI for illustrative purposes only.
Introduction
As markets prepare for the opening bell on June 5, 2025, global cues present a mixed picture. Investors are closely watching key corporate actions and economic indicators that could shape today's trading session.
GIFT Nifty Update
GIFT Nifty futures were trading at 24,733.50, down 2.50 points or 0.01% from the previous close. This suggests a flat to slightly negative start for the domestic indices.
US Markets
Wall Street ended lower in the previous session, with the Dow Jones Industrial Average shedding 91.89 points (-0.22%) to close at 42,448.75. The tech-heavy Nasdaq Composite also declined, losing 18.75 points (-0.10%) to finish at 19,672.75.
Asian Markets
Asian markets are showing mixed trends. Japan's Nikkei 225 was down 0.29% at 37,639.13, while Hong Kong's Hang Seng Index gained 0.81% to trade at 23,844.75.
Commodity Trends
Crude oil prices edged lower, with WTI crude trading at $62.72 per barrel, down 0.21%. Gold futures were slightly down by 0.19% at $3,392.90 per ounce. Silver futures showed resilience, up 0.08% at $34.68 per ounce.
Currency Updates
The USD/INR pair was trading at 85.85, up 0.02% from the previous close, indicating a slight weakening of the rupee against the dollar.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers on June 4, purchasing shares worth ₹1,076.18 crore. Domestic Institutional Investors (DIIs) also remained bullish, with net buying of ₹2,566.82 crore.
| Investor Type | Net Buy/Sell (₹ Crore) |
|---|---|
| FII | 1,076.18 |
| DII | 2,566.82 |
Key Corporate Actions
Several significant corporate actions are scheduled for today:
- Dividend: Tata Motors (₹6 per share), TCS (₹30 per share)
- Stock Split: COFORGE (2:10)
- Bonus Issue: Shalibhadra Finance (3:1)
- Rights Issue: Franklin Industries (5:3), Accent Microcell (7:50)
Additionally, multiple companies including Allied Digital Services , Hardwyn India , and QVC Exports are set to announce their quarterly results.
Conclusion
As the markets open, investors will be weighing the mixed global cues against domestic factors. The flurry of corporate actions, particularly in the IT and auto sectors, could influence sector-specific movements. Keep an eye on the USD/INR movement and commodity trends, as they may impact overall market sentiment throughout the session.
20
