Trade Setup for Today: Key Things to Know Before the Opening Bell on June 22
GIFT Nifty futures indicate a positive start, trading at 24,127.50 (+0.33%) with strong FII inflows of ₹4,859 crore supporting sentiment. Asian markets show mixed trends with Nikkei surging 1.92% to yearly highs while Hang Seng drops 1.72%. US markets delivered mixed performance with NASDAQ gaining 1.91% but S&P 500 futures declining 0.33%. Commodities face broad weakness with crude oil down 0.37% and gold falling 0.94%, though natural gas provides relief with 1.92% gains. USD/INR remains stable at 94.31.
*this image is generated using AI for illustrative purposes only.
Global markets present a mixed picture as traders gear up for another session, with Asian indices showing strength while commodities face headwinds. The GIFT Nifty indicates a positive start for domestic markets, building on recent momentum.
GIFT Nifty Update
GIFT Nifty futures are trading at 24,127.50, up 79.00 points or 0.33% from the previous close of 24,048.50. The index opened at 24,044.00 and has touched a high of 24,183.50 during the session, suggesting a cautiously optimistic start for the day.
| Metric | Value |
|---|---|
| Current Price | 24,127.50 |
| Change | +79.00 points |
| Change % | +0.33% |
| Day High | 24,183.50 |
| Day Low | 24,044.00 |
US Markets
US markets delivered a mixed performance overnight. The NASDAQ Composite emerged as the standout performer, surging 1.91% or 496.28 points to close at 26,538.93. The Dow Jones Industrial Average posted modest gains of 0.14% or 72.15 points, finishing at 51,585.70. The E-Mini S&P 500 futures are currently trading lower at 7,546.00, down 0.33% from the previous close.
| Index | Price | Change | Change % |
|---|---|---|---|
| NASDAQ | 26,538.93 | +496.28 | +1.91% |
| Dow Jones | 51,585.70 | +72.15 | +0.14% |
| S&P 500 Futures | 7,546.00 | -24.75 | -0.33% |
Asian Markets
Asian markets are showing positive momentum, led by the Nikkei 225, which has gained 1.92% or 1,368.90 points to reach 72,618.96 - a new high for the year. However, the Hang Seng Index is bucking the trend, declining 1.72% or 410.82 points to 23,514.00.
| Index | Price | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 72,618.96 | +1,368.90 | +1.92% |
| Hang Seng | 23,514.00 | -410.82 | -1.72% |
Commodity Trends
Commodity markets are experiencing broad-based weakness. Crude oil (WTI) is trading at $75.57, down 0.37% or $0.28. Gold futures have declined 0.94% to $4,205.80, while silver futures are down 0.41% at $66.05. Natural gas provides a bright spot, gaining 1.92% to $3.30.
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Crude Oil (WTI) | $75.57 | -$0.28 | -0.37% |
| Gold Futures | $4,205.80 | -$40.10 | -0.94% |
| Silver Futures | $66.05 | -$0.27 | -0.41% |
| Natural Gas | $3.30 | +$0.06 | +1.92% |
| Copper | $6.29 | -$0.10 | -1.49% |
| Platinum | $1,666.50 | -$40.80 | -2.39% |
Currency Updates
The USD/INR pair is trading at 94.31, showing minimal movement with a slight decline of 0.01% or 0.01 points. The EUR/USD is at 1.15, down 0.07% from the previous session.
FII/DII Activity
Foreign Institutional Investors turned net buyers with inflows of ₹4,859.07 crore, while Domestic Institutional Investors were net sellers to the tune of ₹1,159.64 crore. This marks a positive shift in foreign investor sentiment.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 31,442.87 | 26,583.80 | +4,859.07 |
| DII | 18,020.49 | 19,180.13 | -1,159.64 |
Block Deals
A significant block deal was executed in Altius Telecom Infrastructure Trust on BSE, where ASK Financial Holdings Private Limited sold 1,525,000 units at ₹165.90 per unit to Nippon Life India Asset Management Limited.
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Altius Telecom Infrastructure Trust | ASK Financial Holdings Pvt Ltd | Nippon Life India Asset Management Ltd | 1,525,000 | 165.90 |
Latest Update for Stocks Involved in Block Deals
Altius Telecom Infrastructure Trust has been active with recent corporate developments. The trust posted strong results with adjusted revenue of ₹122,623 million, up 25.20% year-on-year, and Cash EBITDA of ₹83,014 million, up 18.90%. The board had approved audited financials showing consolidated revenue of ₹241,650 million. Additionally, Sponsor BIF IV Jarvis India Pte. Ltd. had earlier sold 13.75 crore units, reducing its holding to 45.34%.
Corporate Actions Today
Several companies have corporate actions scheduled for today, including dividend payments and extraordinary general meetings.
| Company | Action | Details |
|---|---|---|
| Panasonic Carbon | Dividend | Final dividend of ₹12.00 per share |
| Sangam | Dividend | Final dividend of ₹2.00 per share |
| DMR Engineering | Dividend | Final dividend of ₹0.14 per share |
| Inox Wind | EGM | Extraordinary General Meeting |
| SRG Fingrow Finance | EGM | Extraordinary General Meeting |
The session ahead appears set for a cautiously positive start, with global cues providing mixed signals. While Asian markets show strength and FII inflows provide support, commodity weakness and mixed US market performance suggest traders should remain vigilant for any shifts in sentiment during the day.
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