Trade Setup for Today: Global Trends and Key Events to Watch on December 16
GIFT Nifty down 0.17% at 26,040, indicating a soft opening. US markets closed lower, with Dow Jones and NASDAQ down 0.09% and 0.57% respectively. Asian markets mixed: Nikkei 225 down 1.31%, Hang Seng down 1.50%. Crude oil dips 0.58%, while gold and silver show slight gains. USD/INR at 90.81, up 0.06%. FIIs net sellers (-₹1,468.32 Cr), DIIs net buyers (+₹1,792.25 Cr). Key corporate events include EGMs and quarterly results announcements.
*this image is generated using AI for illustrative purposes only.
Market Overview
As we approach the opening bell, global markets present a mixed picture, with key Asian indices showing divergent trends. The GIFT Nifty suggests a slightly bearish start for domestic markets.
GIFT Nifty Update
The GIFT Nifty is currently trading at 26,040.00, down 0.17% or 44 points from the previous close. This indicates a potentially soft opening for the NSE Nifty.
Global Market Trends
US Markets
Major US indices closed with losses in the previous session:
| Index | Closing Price | Change (%) |
|---|---|---|
| Dow Jones | 48,437.57 | -0.09 |
| NASDAQ | 23,083.21 | -0.57 |
Asian Markets
Asian markets are showing mixed trends in early trade:
| Index | Current Level | Change (%) |
|---|---|---|
| Nikkei 225 | 49,509.09 | -1.31 |
| Hang Seng | 25,244.50 | -1.50 |
Commodity Trends
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 56.49 | -0.58 |
| Gold | 4,337.80 | +0.06 |
| Silver | 63.82 | +0.36 |
| Natural Gas | 4.02 | +0.12 |
Currency Updates
The USD/INR pair is trading at 90.81, up 0.06% from the previous close.
FII/DII Activity
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 8,609.68 | 10,078.00 | -1,468.32 |
| DII | 11,749.18 | 9,956.93 | +1,792.25 |
Key Corporate Actions
Several companies have important events scheduled for today:
Extraordinary General Meetings (EGMs):
- Omnipotent Industries
- Renol Polychem
- Rollatainers
Quarterly Result Announcements:
- BF Utilities
- Milestone Furniture
Investors should monitor these events for potential market-moving updates.
Conclusion
As markets open, traders and investors should keep an eye on global cues, particularly the weakness in US markets and mixed Asian trends. The slight dip in GIFT Nifty suggests a cautious start. Key factors to watch include commodity price movements, especially in crude oil, and the ongoing FII selling trend balanced by DII buying. Corporate actions, particularly the scheduled EGMs and quarterly results, may influence individual stock movements.
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