Trade Setup for Today: Key Things to Know Before the Opening Bell on August 3, 2026
GIFT Nifty futures indicate a robust 0.93% gain to 24,615, suggesting positive market opening despite mixed global signals. US markets closed higher with NASDAQ leading at +1.00%, while Asian markets showed weakness with Nikkei down 1.43%. Crude oil plunged 7.70% to $80.12, though precious metals gained with gold up 0.22%. Both FIIs and DIIs were net buyers with DIIs showing stronger inflows of ₹2,260 crores. Over 120 companies including ICICI Bank, Bharti Airtel, and DLF are set to announce quarterly results today, making it a crucial earnings session.
*this image is generated using AI for illustrative purposes only.
Global markets present a mixed picture as traders prepare for another session, with key developments across commodities, currencies, and institutional flows setting the tone for today's trading.
GIFT Nifty Update
| Metric | Value |
|---|---|
| Current Price | 24,615.00 |
| Change | +228.00 points |
| Change % | +0.93% |
| Previous Close | 24,387.00 |
| Day Range | 24,452.50 - 24,631.00 |
GIFT Nifty futures are trading with a positive bias, gaining 0.93% to indicate a potentially strong opening for domestic indices.
US Markets
| Index | Price | Change | Change % |
|---|---|---|---|
| Dow Jones | 52,506.03 | +276.97 | +0.53% |
| NASDAQ | 25,393.54 | +250.36 | +1.00% |
| E-Mini S&P 500 | 7,560.50 | +41.25 | +0.55% |
US markets closed on a positive note, with the NASDAQ leading gains at 1.00%. The Dow Jones and S&P 500 also posted solid advances, reflecting continued optimism in American equities.
Asian Markets
| Index | Price | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 63,442.10 | -919.92 | -1.43% |
| Hang Seng | 25,833.51 | -50.93 | -0.20% |
| FTSE 100 | 10,868.05 | -29.22 | -0.27% |
Asian markets show a contrasting picture with the Nikkei declining significantly by 1.43%, while the Hang Seng posted a modest decline. This mixed sentiment reflects regional concerns despite positive US market momentum.
Commodity Trends
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Crude Oil | 80.12 | -6.68 | -7.70% |
| Gold Futures | 4,116.00 | +9.00 | +0.22% |
| Silver Futures | 58.33 | +0.54 | +0.94% |
| Natural Gas | 2.77 | +0.02 | +0.80% |
| Copper | 6.53 | +0.06 | +0.99% |
Commodities present a mixed bag with crude oil experiencing a sharp 7.70% decline, while precious metals like gold and silver are showing modest gains. Industrial metals like copper are advancing, suggesting some optimism about economic activity.
Currency Updates
| Currency Pair | Rate | Change | Change % |
|---|---|---|---|
| USD/INR | 95.37 | -0.01 | -0.01% |
| EUR/USD | 1.15 | +0.00 | +0.05% |
The rupee remains relatively stable against the dollar, while the euro shows marginal strength against the greenback.
FII/DII Activity
Latest Daily Activity
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 19,045.51 | 18,768.03 | +277.48 |
| DII | 19,885.80 | 17,625.43 | +2,260.37 |
Both foreign and domestic institutional investors were net buyers, with DIIs showing significantly higher net purchases of ₹2,260.37 crores compared to FIIs' ₹277.48 crores.
Block Deals
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Rossell Techsys | Harsh Mohan Gupta & Son HUF | Kotak Mahindra Mutual Fund | 1,507,859 | 900.00 |
| Rossell Techsys | Rishab Mohan Gupta | Kotak Mahindra Mutual Fund | 339,258 | 900.00 |
Latest Update for Stocks Involved in Block Deals
Rossell Techsys has been in the spotlight with several positive developments. The company's CEO recently discussed India's rise as a precision engineering powerhouse, while the firm reported strong Q1FY27 results with revenue rising 78% year-on-year to ₹154.70 crore. The company has also onboarded a major semiconductor client and is recommending the re-appointment of independent directors at its upcoming AGM.
Key Global Events
Today marks a significant day for corporate earnings with over 120 companies scheduled to announce their quarterly results. Notable names include ICICI Bank (which also goes ex-dividend for a ₹12.00 final dividend), Escorts Kubota, DLF, Bharti Airtel, and several others across various sectors. Additionally, multiple companies have scheduled their Annual General Meetings, making it a busy day for corporate actions.
The session setup suggests cautious optimism with positive GIFT Nifty indicating potential strength, though mixed Asian market performance and the sharp decline in crude oil prices may influence sentiment during the trading session.
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