Trade Setup for Today: Global Cues Set Cautious Tone Ahead of Opening Bell
GIFT Nifty down 0.27%, indicating a cautious opening for Indian markets. US indices closed mixed, with Dow up 0.48% but NASDAQ down 0.32%. Asian markets show mixed trends. Crude oil up 0.18%, while gold dips 0.17%. USD/INR at 88.62, up 0.12%. FIIs remain net sellers, while DIIs continue buying. Key earnings announcements and block deals in focus.
*this image is generated using AI for illustrative purposes only.
GIFT Nifty Update
The GIFT Nifty is trading at 25,724.50, down 0.27% or 70.50 points from the previous close. This suggests a muted start for domestic indices.
US Markets
Major US indices closed mixed in overnight trading:
| Index | Closing Value | Change (%) |
|---|---|---|
| Dow Jones | 47,332.14 | +0.48% |
| NASDAQ | 23,595.50 | -0.32% |
| S&P 500 E-Mini Futures | 6,813.75 | -0.17% |
Asian Markets
Asian markets are showing mixed trends in early trade:
| Index | Current Value | Change (%) |
|---|---|---|
| Nikkei 225 | 50,604.02 | +0.78% |
| Hang Seng | 26,229.81 | +1.14% |
Commodity Trends
Key commodities are trading as follows:
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 59.71 | +0.18% |
| Gold | 3,986.10 | -0.17% |
| Silver | 47.68 | -0.72% |
| Natural Gas | 4.26 | +0.69% |
Currency Updates
The USD/INR pair is trading at 88.62, up 0.12% from the previous close.
FII/DII Activity
Recent institutional activity shows:
| Category | Nov 4 (Crore) | Nov 3 (Crore) |
|---|---|---|
| FII (Net) | -1,067.01 | -1,883.78 |
| DII (Net) | +1,202.90 | +3,516.36 |
Block Deals
Notable block deals include:
Hindustan Foods
- Infinity Holdings sold 1,464,530 shares
- Infinity Portfolio Holdings bought 1,464,530 shares
- Price: ₹529.65 per share
Stallion India Fluorochemicals
- Jayeshbhai Nagindas Shah and Savita Jayesh Shah each bought 404,000 shares
- Shazad Sheriar Rustomji sold 808,000 shares
- Price: ₹247.65 per share
Key Corporate Actions
Several companies are scheduled to announce their quarterly results today, including Zydus Life Science, ABB, Lupin, and Apollo Hospitals. Hindustan Petroleum and Vaibhav Global have declared interim dividends.
Conclusion
Markets may open on a cautious note, influenced by mixed global cues and ongoing quarterly results. Investors should watch for stock-specific actions based on earnings announcements and keep an eye on global economic indicators for further direction.
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