Trade Setup for Today: Key Things to Know Before the Opening Bell on April 09
SGX Nifty futures at 24,007.50 indicate a flat opening down 3.50 points. Despite strong US gains with Dow Jones up 2.84% and NASDAQ rising 2.81%, Asian markets show weakness with Nikkei down 0.52% and Hang Seng declining 0.60%. Crude oil surges 2.28% to $96.56 while gold falls 0.55%. FIIs remain net sellers for third consecutive session at ₹2,812 crore, though DIIs provide support with ₹4,168 crore net buying. USD/INR strengthens to 92.46. Major block deals seen in Delhivery, Uflex, and Jindal Poly Films.
*this image is generated using AI for illustrative purposes only.
Global markets are showing mixed signals as traders prepare for another session, with commodity prices experiencing notable volatility and major indices displaying divergent trends. Here's what's shaping the pre-market landscape today.
GIFT Nifty Update
SGX Nifty futures are trading slightly lower at 24,007.50, down 3.50 points or 0.01% from the previous close of 24,011.00. The futures opened at 23,931.50 and have traded in a range of 23,891.50 to 24,023.50, suggesting a cautious start to the session.
US Markets
US markets delivered strong gains in the previous session, with technology stocks leading the charge:
| Index | Price | Change | Change % |
|---|---|---|---|
| Dow Jones | 47,930.91 | +1,325.45 | +2.84% |
| NASDAQ | 22,658.90 | +620.05 | +2.81% |
| S&P 500 E-Mini | 6,812.75 | -11.00 | -0.16% |
The Dow Jones and NASDAQ posted significant gains, with both indices rising over 2.80%. However, S&P 500 futures are showing some weakness in after-hours trading.
Asian Markets
Asian markets are displaying mixed performance:
| Index | Price | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 56,013.34 | -295.08 | -0.52% |
| Hang Seng | 25,738.00 | -155.03 | -0.60% |
| FTSE 100 | 10,608.88 | +260.09 | +2.51% |
Japanese and Hong Kong markets are under pressure, while the FTSE 100 posted strong gains of over 2.50%.
Commodity Trends
Commodity markets are showing significant movements across various sectors:
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Crude Oil | 96.56 | +2.15 | +2.28% |
| Gold Futures | 4,750.90 | -26.30 | -0.55% |
| Silver Futures | 74.13 | -1.26 | -1.66% |
| Natural Gas | 2.72 | -0.00 | -0.04% |
| Copper | 5.72 | -0.06 | -0.95% |
Crude oil is showing strength with a 2.28% gain, while precious metals are under pressure. Natural gas remains relatively stable.
Currency Updates
The USD/INR pair is trading at 92.46, up 0.14 or 0.15% from the previous close. The Euro is marginally higher against the dollar at 1.17, gaining 0.02%.
FII/DII Activity
Institutional flows continue to show contrasting patterns:
| Date | FII/FPI Buy (₹ Cr) | FII/FPI Sell (₹ Cr) | FII/FPI Net (₹ Cr) | DII Buy (₹ Cr) | DII Sell (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|---|---|---|---|
| Apr 08 | 19,092.05 | 21,904.02 | -2,811.97 | 29,003.39 | 24,835.22 | +4,168.17 |
| Apr 07 | 7,953.46 | 16,645.57 | -8,692.11 | 20,860.09 | 12,880.59 | +7,979.50 |
| Apr 06 | 8,837.64 | 17,004.81 | -8,167.17 | 20,445.57 | 12,356.87 | +8,088.70 |
Foreign investors have been net sellers for three consecutive sessions, while domestic institutional investors continue their buying spree, providing crucial support to the markets.
Block Deals
Significant block deal activity was recorded:
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| UFLEX | K2 FAMILY PRIVATE TRUST | FIRST WATER FUND | 750,000 | 340.00 |
| JINDALPOLY | SEETHA KUMARI | M PRASAD & CO LIMITED | 770,036 | 894.00 |
| JINDALPOLY | SEETHA KUMARI | MACE VENTURE | 285,000 | 894.00 |
| DELHIVERY | NEXUS OPPORTUNITY FUND LIMITED | ALPHAMINE ABSOLUTE RETURN FUND | 570,000 | 442.00 |
| DELHIVERY | NEXUS VENTURES III LIMITED | BNP PARIBAS FINANCIAL MARKETS | 1,140,000 | 442.00 |
| DELHIVERY | NEXUS VENTURES III LIMITED | NIPPON INDIA MUTUAL FUND | 4,575,000 | 442.00 |
| DELHIVERY | NEXUS VENTURES III LIMITED | SBI MUTUAL FUND | 4,575,000 | 442.00 |
Latest Updates for Block Deal Stocks
Delhivery Limited has been active with multiple corporate developments. The company allotted 86,225 equity shares through employee stock option exercises, increasing its paid-up capital. Additionally, the board committee approved granting 58,250 stock options under ESOP 2012 to eligible employees with a Re. 1.00 exercise price and 4-year vesting period.
Uflex Limited has submitted its quarterly certificate under SEBI Depositories Regulations for Q4, confirming proper dematerialization processes.
Jindal Poly Films Limited announced the relocation of its corporate office from Gurugram to New Delhi, as approved by the Board through circular resolution.
Conclusion
Today's session is likely to see mixed opening with SGX Nifty indicating a flat start. While US markets provided positive cues with strong gains, Asian markets are showing weakness. The continued selling by foreign investors remains a key concern, though domestic institutional buying is providing support. Commodity price movements, particularly the strength in crude oil, will be important factors to watch.
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