Trade Setup for Today: Key Things to Know Before the Opening Bell on 2026-02-03
GIFT Nifty up 1.29% at 26,197.50, indicating a positive opening for Indian markets. US indices closed higher, with Dow Jones up 1.05%. Asian markets mixed: Nikkei 225 surges 2.82%, Hang Seng down 0.24%. Commodities show significant movements: Gold up 3.28%, Silver up 7.91%, Crude Oil down 0.66%. USD/INR at 90.28, down 1.49%. FIIs net sellers, DIIs net buyers on 02-02-2026. Key earnings announcements expected from Adani Ports & SEZ, Pidilite Industries, and Mankind Pharma.
*this image is generated using AI for illustrative purposes only.
Global Market Sentiment
The global markets are showing mixed signals as we head into today's trading session. While US markets closed on a positive note, Asian markets are displaying varied performances.
GIFT Nifty Update
GIFT Nifty is trading at 26,197.50, up 1.29% or 334 points from the previous close. This indicates a positive start for the domestic markets.
US Markets
US stock indices closed higher overnight:
| Index | Closing Price | Change (%) |
|---|---|---|
| Dow Jones | 49,428.67 | +1.05 |
| NASDAQ | 23,872.75 | +0.41 |
| S&P 500 | 7,016.25 | +0.20 |
Asian Markets
Asian markets are showing mixed trends:
| Index | Current Price | Change (%) |
|---|---|---|
| Nikkei 225 | 54,142.38 | +2.82 |
| Hang Seng | 26,712.50 | -0.24 |
Commodity Trends
Commodity markets are experiencing significant movements:
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 61.73 | -0.66 |
| Gold | 4,805.10 | +3.28 |
| Silver | 83.10 | +7.91 |
| Natural Gas | 3.24 | 0.00 |
Currency Updates
The USD/INR pair is trading at 90.28, down 1.49% from the previous close.
FII/DII Activity
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII (02-02-2026) | 15,172.55 | 17,005.01 | -1,832.46 |
| DII (02-02-2026) | 18,626.43 | 16,180.10 | +2,446.33 |
Key Global Events
Investors should keep an eye on the quarterly results announcements scheduled for today, including major companies like Adani Ports & SEZ, Pidilite Industries, and Mankind Pharma.
Conclusion
As markets open today, traders and investors should remain cautious and watch for global cues, especially the mixed performance in Asian markets and the positive trend indicated by GIFT Nifty. The significant movements in commodities, particularly gold and silver, may also influence market sentiment.
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