Trade Setup for Today: Key Things to Know Before the Opening Bell
GIFT Nifty futures up 0.12%, indicating a potentially positive opening. US markets closed mixed, with S&P 500 and Nasdaq slightly up, while Dow Jones declined. Asian markets trading mixed in early hours. Crude oil prices stable, while gold and silver show gains. FIIs and DIIs were net buyers in the previous session. Notable block deals reported in Happy Forgings, Tata Capital, and Mindspace Business Parks REIT. Rupee closed at 90.62 against the US dollar.
*this image is generated using AI for illustrative purposes only.
As we gear up for another trading session, let's take a look at the key factors that could influence market sentiment today.
GIFT Nifty Update
GIFT Nifty futures were trading at 25,715.50, up 31 points or 0.12% from the previous close, indicating a potentially positive start for the Indian markets.
US Markets
U.S. stocks closed mixed in overnight trading:
| Index | Closing Price | Change (%) |
|---|---|---|
| Dow Jones | 49,472.97 | -1.34 |
| S&P 500 | 6,857.75 | +0.10 |
| Nasdaq | 22,727.00 | +0.15 |
Asian Markets
Asian markets are trading mixed in early hours:
| Index | Current Price | Change (%) |
|---|---|---|
| Nikkei 225 | 57,213.46 | -0.74 |
| Hang Seng | 26,612.00 | -1.56 |
Commodity Trends
| Commodity | Price | Change (%) |
|---|---|---|
| Brent Crude | 62.86 | +0.03 |
| WTI Crude | 62.86 | +0.03 |
| Gold | 4,996.60 | +0.97 |
| Silver | 76.50 | +1.07 |
Currency Updates
The rupee closed at 90.62 against the US dollar in the previous session.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers, purchasing shares worth ₹108.42 crore, while Domestic Institutional Investors (DIIs) bought shares worth ₹276.85 crore.
Block Deals
Several significant block deals were reported:
Happy Forgings
- Business Excellence Trust III sold 2,686,704 shares at ₹1,145 per share
- Kotak Mahindra Mutual Fund bought 2,466,000 shares at ₹1,145 per share
Tata Capital
- BNP Paribas Financial Markets bought 990,458 shares at ₹346.80 per share
- Citigroup Global Markets Mauritius Private Limited sold 990,458 shares at ₹346.80 per share
Mindspace Business Parks REIT
- BNP Paribas Financial Markets bought 730,621 shares at ₹484.81 per share
- Citigroup Global Markets Mauritius Pvt Ltd sold 730,621 shares at ₹484.81 per share
Key Corporate Events
- Happy Forgings Limited reported Q3 revenue of ₹39,130.70 lacs and net profit of ₹7,894.68 lacs. The company also announced a ₹32 crore land acquisition.
- Mindspace Business Parks REIT has scheduled its board meeting to approve Q3 financial results and declare quarterly distribution.
- Tata Capital Limited has made its Q3 earnings conference call audio recording available on its website.
As the markets open, investors will be closely watching these factors and their potential impact on trading sentiment.
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