Trade Setup for Today: Key Things to Know Before the Opening Bell on April 23, 2026
GIFT Nifty futures indicate a weak opening at 24,170, down 138.50 points (-0.57%), despite positive US market closure with Dow up 0.69% and NASDAQ surging 1.63%. Asian markets show weakness with Nikkei down 1.05% and Hang Seng falling 1.01%. Crude oil rallies 5.19% to $94.32 while gold declines 0.55%. FIIs continue selling with ₹2,078 crores outflow, and DIIs also net sellers at ₹1,048 crores. Key focus on Infosys quarterly results among other major corporate announcements today.
*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 gaining momentum while Asian indices face headwinds. Several key factors are shaping market sentiment ahead of today's trading session.
GIFT Nifty Update
GIFT Nifty futures are indicating a weak start for domestic markets, trading at 24,170.00 with a decline of 138.50 points (-0.57%) from the previous close of 24,308.50. The futures opened at 24,279.50 and have been trading in a range of 24,163.50 to 24,283.50.
| Metric | Value |
|---|---|
| Current Price | 24,170.00 |
| Change | -138.50 (-0.57%) |
| Previous Close | 24,308.50 |
| Day Range | 24,163.50 - 24,283.50 |
US Markets
US markets closed on a positive note with major indices posting solid gains. The Dow Jones Industrial Average surged 340.63 points (0.69%) to close at 49,511.02, while the NASDAQ Composite recorded impressive gains of 396.06 points (1.63%) to reach 24,677.03. The E-Mini S&P 500 futures, however, are showing some weakness in after-hours trading, down 35.50 points (-0.50%) to 7,135.75.
| Index | Close | Change | % Change |
|---|---|---|---|
| Dow Jones | 49,511.02 | +340.63 | +0.69% |
| NASDAQ | 24,677.03 | +396.06 | +1.63% |
| E-Mini S&P 500 | 7,135.75 | -35.50 | -0.50% |
Asian Markets
Asian markets are displaying mixed performance with the Nikkei 225 facing pressure, declining 623.93 points (-1.05%) to 58,961.93. The Hang Seng Index also retreated, falling 264.25 points (-1.01%) to 25,899.00. Meanwhile, the FTSE 100 closed marginally lower at 10,476.46, down 21.63 points (-0.21%).
| Index | Price | Change | % Change |
|---|---|---|---|
| Nikkei 225 | 58,961.93 | -623.93 | -1.05% |
| Hang Seng | 25,899.00 | -264.25 | -1.01% |
| FTSE 100 | 10,476.46 | -21.63 | -0.21% |
Commodity Trends
Commodity markets are showing strong momentum across precious metals and energy sectors. Crude oil (WTI) has surged significantly by $4.65 (5.19%) to $94.32, while gold futures declined by $26.30 (-0.55%) to $4,726.70. Silver futures also faced pressure, dropping $1.21 (-1.55%) to $76.76.
| Commodity | Price (USD) | Change | % Change |
|---|---|---|---|
| Crude Oil (WTI) | $94.32 | +$4.65 | +5.19% |
| Gold Futures | $4,726.70 | -$26.30 | -0.55% |
| Silver Futures | $76.76 | -$1.21 | -1.55% |
| Natural Gas | $2.72 | +$0.03 | +0.96% |
| Copper | $6.08 | +$0.07 | +1.10% |
Currency Updates
The USD/INR pair remained stable at 93.78 with no change from the previous session. The EUR/USD pair showed minimal movement, declining slightly by 0.00024 (-0.02%) to 1.17043.
FII/DII Activity
Foreign Institutional Investors continued their selling streak with net outflows of ₹2,078.36 crores, while Domestic Institutional Investors also recorded net selling of ₹1,048.17 crores. This marks continued pressure from institutional selling across both foreign and domestic participants.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 13,895.07 | 15,973.43 | -2,078.36 |
| DII | 18,704.25 | 19,752.42 | -1,048.17 |
Key Corporate Actions Today
Several major companies are scheduled to announce their quarterly results today, including Infosys, Adani Energy Solutions, UTI AMC, and Cyient. Additionally, CRISIL and Schaeffler India are going ex-dividend today with interim dividend of ₹9 and final dividend of ₹35 respectively.
Major Result Announcements:
- Infosys (INFY)
- Adani Energy Solutions (ADANIENSOL)
- UTI AMC (UTIAMC)
- Cyient (CYIENT)
- Aditya Birla Sun Life AMC (ABSLAMC)
Dividend Actions:
- CRISIL: Interim dividend of ₹9
- Schaeffler India: Final dividend of ₹35
- Huhtamaki PPL: Final dividend of ₹2
Conclusion
Today's session is likely to be influenced by mixed global cues, with US market strength being offset by weakness in Asian indices and negative GIFT Nifty signals. The significant surge in crude oil prices and continued institutional selling pressure are key factors to watch. Investors will closely monitor quarterly results from major companies, particularly Infosys, which could set the tone for the IT sector.
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