Trade Setup for Today: Key Things to Know Before the Opening Bell on July 8, 2026
GIFT Nifty futures trade at 24,242.50, down 9 points, indicating a flat to slightly negative opening. US markets closed lower with NASDAQ falling 1.20% and Dow down 0.25%. Asian markets showed mixed performance with Hang Seng gaining 1.92% while Nikkei declined 1.05%. Crude oil rose 0.30% to $72.43, but gold fell 0.76%. FIIs remained net buyers at ₹393.19 crore while DIIs were net sellers. USD/INR stable at 94.96. Capital Small Finance Bank reported strong Q1 results with 22% advance growth.
*this image is generated using AI for illustrative purposes only.
Global markets present a mixed picture this morning, with Asian indices showing resilience while US markets closed lower overnight. Traders should prepare for a cautious start as various factors converge to shape today's trading session.
GIFT Nifty Update
SGX Nifty futures are trading at 24,242.50, down 9.00 points or 0.04% from the previous close of 24,251.50. This marginal decline suggests a flat to slightly negative opening for domestic indices.
| Metric | Value |
|---|---|
| Current Price | 24,242.50 |
| Change | -9.00 |
| Change % | -0.04% |
| Previous Close | 24,251.50 |
| Day High | 24,275.00 |
| Day Low | 24,202.50 |
US Markets
American indices closed in the red overnight, with technology stocks leading the decline. The Dow Jones Industrial Average fell 130.76 points to 52,946.15, while the NASDAQ Composite dropped 314.57 points to 25,827.59. The S&P 500 E-Mini futures also declined marginally by 1.50 points to 7,549.75.
| Index | Price | Change | Change % |
|---|---|---|---|
| Dow Jones | 52,946.15 | -130.76 | -0.25% |
| NASDAQ | 25,827.59 | -314.57 | -1.20% |
| S&P 500 E-Mini | 7,549.75 | -1.50 | -0.02% |
Asian Markets
Asian markets showed mixed performance with the Hang Seng Index leading gains, rising 451.40 points to 23,948.30. However, the Nikkei 225 declined 716.03 points to 67,540.93, reflecting ongoing volatility in the region.
| Index | Price | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 67,540.93 | -716.03 | -1.05% |
| Hang Seng | 23,948.30 | +451.40 | +1.92% |
| FTSE 100 | 10,665.88 | +14.11 | +0.13% |
Commodity Trends
Commodity markets displayed varied movements with crude oil showing modest gains while precious metals faced pressure.
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Crude Oil | 72.43 | +0.22 | +0.30% |
| Gold Futures | 4,125.80 | -31.60 | -0.76% |
| Silver Futures | 60.43 | -0.90 | -1.47% |
| Natural Gas | 3.28 | +0.02 | +0.52% |
| Copper | 6.19 | +0.01 | +0.16% |
Currency Updates
The USD/INR pair remained stable at 94.96, showing no change from the previous session. The EUR/USD pair traded marginally higher at 1.14, up 0.02%.
FII/DII Activity
Institutional activity showed contrasting trends on July 7, with Foreign Institutional Investors maintaining a net buying stance while Domestic Institutional Investors recorded net selling.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 18,414.01 | 18,020.82 | +393.19 |
| DII | 18,897.44 | 19,280.87 | -383.43 |
Block Deals
Capital Small Finance Bank witnessed significant block deal activity with AMICUS CAPITAL PRIVATE EQUITY I LLP selling 833,500 shares to LYPTUS PUNCH-CARD FUND at ₹300.00 per share on NSE.
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Capital Small Finance Bank | AMICUS CAPITAL PRIVATE EQUITY I LLP | LYPTUS PUNCH-CARD FUND | 833,500 | 300.00 |
Latest Update for Capital Small Finance Bank
Capital Small Finance Bank reported robust Q1FY27 performance with gross advances of ₹9,074 crore, marking a 22% year-on-year growth. The bank's asset quality improved with gross NPAs declining to 2.47%. The company successfully completed its 27th AGM where shareholders approved all seven resolutions and appointed M/s GSA & Associates LLP as statutory auditor for the next three years. The bank demonstrated strong growth momentum with a 26% CAGR in net profit reaching ₹141 crore for FY26.
Key Global Events
Markets are closely monitoring ongoing geopolitical developments and awaiting key economic data releases that could influence trading sentiment. The mixed performance across global indices reflects uncertainty about economic growth prospects and monetary policy directions.
Traders should remain cautious given the divergent signals from various market segments. While crude oil's modest gains provide some support to commodity-linked stocks, the decline in precious metals and mixed global cues suggest a selective approach may be prudent for today's session.
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