Trade Setup for Today: Global Cues Set Cautious Tone Ahead of Opening Bell
GIFT Nifty futures up 0.02%, indicating a flat to slightly positive opening. US markets closed mixed, with S&P 500 marginally up. Asian markets showing mixed trends. Crude oil prices slightly higher, while gold and silver face pressure. USD/INR trading at 90.63. FIIs were net buyers in the previous session. Ather Energy in focus with significant block deals and expansion plans.
*this image is generated using AI for illustrative purposes only.
Global Market Sentiment
Global markets are showing mixed signals as we approach the opening bell, with key developments shaping investor sentiment.
GIFT Nifty Update
GIFT Nifty futures are trading at 25,966.00, up 6.00 points or 0.02% from the previous close. This suggests a flat to slightly positive start for the domestic indices.
US Markets
US markets closed with mixed results overnight:
| Index | Change | % Change |
|---|---|---|
| Dow Jones | -66.76 | -0.13% |
| NASDAQ | -17.00 | -0.07% |
| S&P 500 | +5.75 | +0.08% |
Asian Markets
Asian markets are showing a mixed trend in early trade:
| Index | Change | % Change |
|---|---|---|
| Nikkei 225 | -23.03 | -0.04% |
| Hang Seng | -183.07 | -0.67% |
Commodity Trends
Oil prices are showing slight gains:
| Commodity | Price (USD) | Change | % Change |
|---|---|---|---|
| Crude Oil | 64.90 | +0.27 | +0.42% |
| Natural Gas | 3.22 | +0.06 | +1.96% |
Gold and silver prices are under pressure:
| Commodity | Price (USD) | Change | % Change |
|---|---|---|---|
| Gold | 5086.00 | -12.50 | -0.25% |
| Silver | 83.04 | -0.88 | -1.05% |
Currency Updates
The USD/INR pair is trading at 90.63, down 0.08% from the previous close.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers in the cash market on the previous trading day:
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII | 16858.63 | 15914.82 | +943.81 |
| DII | 14281.26 | 14406.62 | -125.36 |
Block Deals
Significant block deals were reported in Ather Energy:
| Buyer | Seller | Shares | Price (₹) |
|---|---|---|---|
| Abu Dhabi Investment Authority | National Investment and Infrastructure Fund-II | 352,817 | 710.00 |
| ICICI Prudential Mutual Fund | National Investment and Infrastructure Fund-II | 563,380 | 710.00 |
| Invesco Mutual Fund | National Investment and Infrastructure Fund-II | 704,226 | 710.00 |
| Motilal Oswal Mutual Fund | National Investment and Infrastructure Fund-II | 704,226 | 710.00 |
| Tata AIG Life Insurance Company Ltd | National Investment and Infrastructure Fund-II | 1,377,513 | 710.00 |
Latest Update for Ather Energy
- Ather Energy plans to expand its retail presence with 700 new stores nationwide this fiscal year.
- The company's board approved allotment of 494,266 equity shares to ESOP holders.
- Ather Energy's Co-CEO stated that China's rare earth magnet export restrictions will not significantly impact Q3 performance.
- The company plans to launch a new 'EL' electric vehicle platform later this year.
- Ather Energy is set to introduce a new auto insurance distribution service to enhance profitability.
Key Global Events
Investors should watch for any developments in global trade relations and central bank policies that could impact market sentiment.
Conclusion
The market is poised for a cautious start, with mixed global cues and ongoing corporate developments likely to influence trading patterns. Investors may focus on stock-specific actions while keeping an eye on global economic indicators.
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