Trade Setup: GIFT Nifty Flat, Global Cues Mixed Ahead of Opening Bell on Sep 12
GIFT Nifty trades marginally higher at 25,192.00, indicating a flat to slightly positive opening. US markets ended mixed, with Dow Jones up 1.36% but Nasdaq down 0.11%. Asian markets show mixed trends. Crude oil prices edge lower, while gold and silver futures rise. FIIs were net sellers, offloading ₹3,472.37 crore, while DIIs bought shares worth ₹4,045.54 crore. Several block deals reported, including Bharat Forge, Shriram Finance, and Bharat Electronics. Key corporate actions include dividends from Bharat Electronics, Mastek, and Kajaria Ceramics.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on September 12, global cues present a mixed picture while domestic factors remain in focus. Key indices are poised for a muted start amid ongoing geopolitical tensions and economic data releases.
GIFT Nifty Update
The GIFT Nifty is trading marginally higher at 25,192.00, up 5 points or 0.02% from the previous close. This suggests a flat to slightly positive opening for the benchmark indices.
US Markets
Wall Street ended mixed in overnight trade. The Dow Jones Industrial Average gained 1.36% to close at 46,129.01. However, the tech-heavy Nasdaq Composite slipped 0.11% to 21,918.75. The S&P 500 futures are currently trading 0.09% lower, indicating a cautious sentiment.
Asian Markets
Asian markets are showing mixed trends in early trade:
- Japan's Nikkei 225 is up 0.66% at 44,664.82
- Hong Kong's Hang Seng has gained 1.52% to 26,482.80
Commodity Trends
- Crude oil prices have edged lower, with WTI crude down 0.79% at $61.88 per barrel
- Brent crude is trading at similar levels
- Gold futures have risen 0.37% to $3,687.30 per ounce
- Silver futures are up 1.12% at $42.62 per ounce
Currency Updates
The US Dollar to Indian Rupee exchange rate stands at 88.29, showing a slight increase of 0.08%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers on September 11, offloading shares worth ₹3,472.37 crore. Domestic Institutional Investors (DIIs) were net buyers, purchasing shares valued at ₹4,045.54 crore.
Block Deals
Several significant block deals were reported on September 11:
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Bharat Forge | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 200,439 | 1,213.00 |
| Shriram Finance | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 1,822,889 | 620.00 |
| Bharat Electronics | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 2,465,814 | 386.00 |
| Kotak Bank | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 597,227 | 1,981.00 |
| Bharti Airtel | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 622,176 | 1,904.00 |
Key Corporate Actions
Several companies have announced dividends and corporate events for September 12:
- Bharat Electronics: Final dividend of ₹0.90 per share
- Mastek: Final dividend of ₹16.00 per share
- Kajaria Ceramics: Final dividend of ₹4.00 per share
- Cochin Shipyard: Final dividend of ₹2.25 per share
- Heidelberg Cement: Final dividend of ₹7.00 per share
Conclusion
As the markets prepare to open, traders will be closely watching global cues, FII/DII activity, and corporate actions. The flat GIFT Nifty suggests a cautious start, with stock-specific movements likely to drive the day's trade.
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