Trade Setup for Today: Key Things to Know Before the Opening Bell on July 3, 2026
GIFT Nifty trades 0.24% higher at 24,413.50 indicating a modest positive start. US markets showed mixed performance with Dow hitting new highs (+1.14%) while NASDAQ declined 0.85%. Asian markets display broad-based gains with Nikkei up 0.53% and Hang Seng rising 1.30%. Commodities lead the charge with gold surging 1.56% and silver jumping 2.70%, while crude oil edges up 0.38%. DII buying continues with net inflows of ₹1,784 crores against FII selling of ₹312 crores. Major corporate actions include dividends from M&M (₹33), Tech Mahindra (₹36), and stock splits in Krishana Phoschem and Madhya Bharat Agro. USD/INR remains stable at 95.38.
*this image is generated using AI for illustrative purposes only.
Global markets are showing mixed signals as we head into today's trading session, with commodity prices gaining momentum while major indices display varied performance. Here's what traders need to know before the opening bell.
GIFT Nifty Update
SGX Nifty futures are trading at 24,413.50, up 0.24% or 58.50 points from the previous close of 24,355.00. This modest positive momentum suggests a cautious but optimistic start for domestic indices.
US Markets
US markets closed with mixed results overnight:
| Index | Price | Change | Change % |
|---|---|---|---|
| Dow Jones | 52,921.07 | +594.83 | +1.14% |
| NASDAQ | 25,839.47 | -221.56 | -0.85% |
| S&P 500 (E-Mini) | 7,549.50 | +21.25 | +0.28% |
The Dow Jones hit a new high at 52,924.85, driven by strong performance in traditional sectors, while tech-heavy NASDAQ faced selling pressure.
Asian Markets
Asian indices are showing positive momentum this morning:
| Index | Price | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 69,097.33 | +364.18 | +0.53% |
| Hang Seng | 23,355.72 | +300.68 | +1.30% |
| FTSE 100 | 10,652.87 | +174.53 | +1.67% |
The broad-based gains across Asian markets reflect improved risk sentiment and positive overnight cues from global peers.
Commodity Trends
Commodities are showing strong performance across the board:
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Crude Oil (WTI) | 68.95 | +0.26 | +0.38% |
| Gold Futures | 4,190.00 | +64.30 | +1.56% |
| Silver Futures | 62.71 | +1.65 | +2.70% |
| Natural Gas | 3.21 | +0.02 | +0.56% |
| Copper | 6.25 | +0.09 | +1.40% |
| Platinum | 1,665.50 | +36.85 | +2.26% |
Precious metals are leading the charge with gold and silver posting significant gains, while industrial metals like copper also show strength, indicating positive economic sentiment.
Currency Updates
The USD/INR pair is trading at 95.38, down marginally by 0.00 points. The EUR/USD is at 1.14, showing a slight uptick of 0.07%.
FII/DII Activity
Institutional activity shows contrasting patterns:
| Date | FII/FPI Buy (₹ Cr) | FII/FPI Sell (₹ Cr) | FII/FPI Net (₹ Cr) | DII Buy (₹ Cr) | DII Sell (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|---|---|---|---|
| July 2 | 14,018.40 | 14,330.22 | -311.82 | 17,391.61 | 15,607.21 | +1,784.40 |
| July 1 | 11,623.31 | 12,763.81 | -1,140.50 | 17,136.57 | 13,977.33 | +3,159.24 |
Domestic institutional investors continue their buying spree with net inflows of ₹1,784.40 crores, while foreign investors remain net sellers for the second consecutive session.
Corporate Actions Today
Several major companies are going ex-dividend today, which may impact their stock prices:
Key Dividend Announcements
- Mahindra & Mahindra: ₹33.00 per share final dividend
- Tech Mahindra: ₹36.00 per share final dividend
- Thermax: ₹14.00 per share final dividend + ₹6.00 special dividend
- Swaraj Engines: ₹110.00 per share final dividend
- JSW Dulux: ₹50.00 per share final dividend
Stock Splits
- Krishana Phoschem: 2:10 split (1 share becomes 5)
- Madhya Bharat Agro: 2:10 split (1 share becomes 5)
Buyback Offers
- Rolex Rings: ₹180.00 per share
- Teamlease Services: ₹1,600.00 per share (Tender Offer)
Conclusion
Today's session is likely to open on a cautiously positive note, supported by strong commodity prices and mixed global cues. The continued buying by domestic institutions provides underlying support, though foreign investor selling remains a concern. Traders should watch for sector rotation, particularly in commodity-linked stocks, and monitor corporate action-related movements in affected counters. The focus will be on sustaining momentum above key support levels while navigating the mixed global sentiment.
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