Trade Setup for Today: Global Cues Point to a Positive Start on June 24
By ScanX News Team
GIFT Nifty up 0.78% at 25,246.00, indicating a positive opening for Indian markets. US indices closed higher, with Dow Jones up 0.89% and NASDAQ up 0.75%. Asian markets mixed, with Nikkei and Hang Seng in green. Crude oil down 2.36% at $66.89 per barrel. DIIs were net buyers, while FIIs net sellers in the previous session. Key events include AGMs for Bank of Baroda and Tata Technologies, and quarterly results announcements.
*this image is generated using AI for illustrative purposes only.
Market Overview
As we approach the opening bell on June 24, 2025, global cues suggest a positive start for the markets. The GIFT Nifty indicates an upbeat sentiment, while US markets closed higher overnight. Asian markets are showing mixed trends, with some key indices in the green.
GIFT Nifty Update
The GIFT Nifty is trading at 25,246.00, up 0.78% or 196.00 points from the previous close. This suggests a likely positive opening for the NSE Nifty and BSE Sensex.
US Markets
US stock indices ended the previous session on a high note:
- Dow Jones Industrial Average: 42,602.79, up 0.89%
- NASDAQ Composite: 20,149.25, up 0.75%
- S&P 500 E-Mini Futures: 6,106.50, up 0.48%
The positive close in the US markets could provide support to domestic sentiment.
Asian Markets
Asian markets are showing mixed trends:
- Nikkei 225: 38,763.98, up 1.07%
- Hang Seng: 24,099.00, up 1.73%
The positive performance of key Asian indices could influence early trades.
Commodity Trends
- Crude Oil (WTI): $66.89 per barrel, down 2.36%
- Gold: $3,362.70 per ounce, down 0.95%
- Silver: $36.04 per ounce, down 0.41%
- Copper: $4.20 per pound, down 0.06%
The decline in crude oil prices could benefit oil marketing companies and industries sensitive to fuel costs.
FII/DII Activity
| Category | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 8,570.02 | 10,444.40 | -1,874.38 |
| DII | 13,499.27 | 7,907.50 | 5,591.77 |
Domestic institutional investors (DIIs) were net buyers, while foreign institutional investors (FIIs) were net sellers in the previous session.
Key Events to Watch
Several companies are holding their Annual General Meetings (AGMs) today, including Bank of Baroda , Rallis India , and Tata Technologies . Additionally, some firms like Ram Ratna Wires and Shiva Granito Export are scheduled to announce their quarterly results.
V Mart Retail will trade ex-bonus today in the ratio of 3:1.
As the markets open, investors will be closely watching these corporate actions and their potential impact on stock movements.
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