Trade Setup for Today: Global Cues Mixed as Markets Eye Key Corporate Actions
By ScanX News Team
GIFT Nifty down 0.04% at 25,588.00, hinting at a muted start. US markets closed mixed, with Dow down 0.37% and NASDAQ slightly lower. Asian markets showing mixed trends. Crude oil down 0.22%, gold down 0.21%. USD/INR at 85.72. FIIs turned net sellers on July 8. Focus on dividend announcements from Pfizer, Mphasis, and SML Isuzu, along with quarterly results and AGMs.
*this image is generated using AI for illustrative purposes only.
Introduction
As traders prepare for the opening bell on July 9, 2025, global markets are presenting a mixed picture. The focus today will be on several corporate actions, including dividend announcements and quarterly results, which could influence market sentiment.
GIFT Nifty Update
GIFT Nifty futures were trading at 25,588.00, down 9 points or 0.04% from the previous close. This suggests a muted start for the domestic indices.
US Markets
The Dow Jones Industrial Average closed at 44,261.75, down 165.62 points or 0.37%. The NASDAQ Composite ended slightly lower at 20,816.00, shedding 5.75 points or 0.03%. This mixed performance in the US markets could set a cautious tone for today's session.
Asian Markets
Asian markets are showing mixed trends:
- Japan's Nikkei 225 is trading at 39,686.10, marginally down by 0.01%
- Hong Kong's Hang Seng Index is at 24,004.97, down 0.59%
Commodity Trends
- Crude Oil (WTI) is trading at $68.18 per barrel, down 0.22%
- Gold futures are priced at $3,310.10 per ounce, down 0.21%
- Silver futures are at $36.77 per ounce, up 0.06%
- Copper is trading at $4.20 per pound, down 0.06%
Currency Updates
The USD/INR pair is trading at 85.72, down 0.03% from the previous close.
FII/DII Activity
| Category | July 8 (₹ Cr) | July 7 (₹ Cr) |
|---|---|---|
| FII/FPI | -26.12 | 321.16 |
| DII | 1,366.82 | 1,853.39 |
Foreign Institutional Investors (FIIs) turned net sellers on July 8, while Domestic Institutional Investors (DIIs) continued their buying streak.
Key Corporate Actions
Several companies have important events scheduled for today:
- Dividend announcements: Pfizer (₹35 final + ₹30 special), Mphasis (₹57 final), SML Isuzu (₹18 final)
- Quarterly results: Party Cruisers, Bodhtree Consulting, GACM Technologies
- Annual General Meetings: Tata Communications, SJS Enterprises, Bharat Seats
Conclusion
As the markets open, traders will be closely watching these corporate actions and global cues. The mixed signals from global markets and the cautious stance of FIIs could lead to a range-bound session. Keep an eye on sector-specific movements and the performance of stocks with scheduled corporate events.
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