Trade Setup for Today: Global Cues Signal Volatility Ahead of Opening Bell

2 min read     Updated on 24 Mar 2026, 08:01 AM
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Reviewed by
Suketu GScanX News Team
Overview

GIFT Nifty trading 321 points lower at 22,894, indicating a weak opening for Indian markets. US indices closed positively, with NASDAQ up 1.43% and Dow Jones up 1.38%. Asian markets mixed, with Nikkei 225 up 0.32% and Hang Seng up 1.41%. Crude oil surged 4.27% to $91.89, while gold and silver declined. FIIs sold net ₹10,414.23 crore, DIIs bought net ₹12,033.97 crore. USD/INR at 93.51, up 0.36%. Key corporate actions and block deals in focus.

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*this image is generated using AI for illustrative purposes only.

Market Overview

Global markets are showing mixed signals as we approach the opening bell, with key indices exhibiting volatility amid various economic factors.

GIFT Nifty Update

The GIFT Nifty is currently trading at 22,894.00, down 321.00 points or 1.38% from its previous close. This suggests a potentially weak start for the domestic markets.

US Markets

US markets closed on a positive note in the previous session:

Index Change (%) Closing Value
NASDAQ Composite +1.43 21,977.79
Dow Jones +1.38 46,229.48

Asian Markets

Asian markets are showing mixed trends:

Index Change (%) Current Value
Nikkei 225 +0.32 51,679.85
Hang Seng +1.41 24,726.83

Commodity Trends

Key commodities are experiencing significant movements:

Commodity Price (USD) Change (%)
Crude Oil 91.89 +4.27
Gold 4,316.90 -2.05
Silver 66.89 -3.55
Natural Gas 2.92 +1.74

Currency Updates

The USD/INR pair is trading at 93.51, up 0.36% from its previous close.

FII/DII Activity

Recent institutional activity shows contrasting trends:

Institution Type Buy (₹ Cr) Sell (₹ Cr) Net (₹ Cr)
FII/FPI 10,330.98 20,745.21 -10,414.23
DII 25,952.98 13,919.01 +12,033.97

Block Deals

Significant block deals were reported for CCAVENUE (AvenuesAI):

Exchange Buyer/Seller Quantity Price (₹)
NSE & BSE HN SAFAL INFRA DEVELOPERS PRIVATE LIMITED (Buyer) 66,000,000 13.10
NSE & BSE SAMYAKTVA CONSTRUCTION LLP (Seller) 66,000,000 13.10

Latest Update for CCAVENUE (AvenuesAI)

  • Promoters Ajit Champaklal Mehta and Jayshreeben Ajitbhai Mehta sold 6.02 crore equity shares to Infinium Motors Private Limited through off-market transfer.
  • The company's Rights Issue Committee approved conversion of 18,50,287 partly paid-up equity shares to fully paid-up shares.
  • 9,44,694 shares were transmitted from deceased promoter Late Mr. Subhashchandra R. Amin to his legal heir Mr. Vishal Subhashchandra Amin.
  • The company confirmed no deviation in utilization of ₹69,998.57 lakhs raised through rights issue for Q3FY26.
  • Another 79,41,270 partly paid-up equity shares were converted to fully paid-up shares following receipt of call money.

Key Corporate Actions

Several companies have announced important events for today:

Company Event Type
Compuage Infocom Annual General Meeting
Times Green Energy Bonus Issue (1:1)
Shrem Infrastructure Quarterly Result Announcement
India Glycols Extraordinary General Meeting
Kilitch Drugs Bonus Issue (1:1)

Investors should keep an eye on these events as they may impact the respective stocks.

Conclusion

The market appears poised for a volatile start, influenced by mixed global cues and significant institutional activity. Traders and investors should closely monitor commodity trends, currency movements, and key corporate actions while making their decisions.

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