Trade Setup: GIFT Nifty Hints at Cautious Start Amid Mixed Global Cues
By ScanX News Team
GIFT Nifty down 0.21% at 25,180.00, indicating a slightly negative opening. Asian markets mixed with Nikkei down 0.36% and Hang Seng up 0.15%. WTI Crude at $68.46, Gold at $3,364.00. FIIs were net sellers on July 11, while DIIs were net buyers. HCL Technologies, Rallis India, and Persistent Systems to announce quarterly results today.
*this image is generated using AI for illustrative purposes only.
Introduction
As we approach the opening bell, global markets present a mixed picture, setting the stage for a cautious start to the trading session. Investors are weighing various factors, including international market performances and key corporate events scheduled for the day.
GIFT Nifty Update
The GIFT Nifty futures trading at 25,180.00 points, down 0.21% or 52.00 points from the previous close, suggests a slightly negative opening for the benchmark indices.
Asian Markets
Asian markets are showing mixed trends:
- Nikkei 225: Down 0.36% at 39,428.06
- Hang Seng Index: Up 0.15% at 24,174.75
Commodity Trends
- WTI Crude Oil: $68.46 per barrel
- Gold Futures: $3,364.00 per ounce
- Silver Futures: $38.96 per ounce
- Copper: $4.20 per pound (slightly lower)
Currency Updates
- EUR/USD: 1.1681, down 0.09%
- USD/INR: 85.81, up 0.04%
FII/DII Activity
On July 11, Foreign Institutional Investors (FIIs) were net sellers, while Domestic Institutional Investors (DIIs) were net buyers.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 11,998.56 | 17,102.78 | -5,104.22 |
| DII | 15,728.51 | 12,169.88 | 3,558.63 |
Key Corporate Events
Several companies are scheduled to announce their quarterly results today, including:
- HCL Technologies
- Rallis India
- Persistent Systems
Additionally, SKF India and Sri Adhikari Bros. Tele Network will be holding Extraordinary General Meetings (EGMs).
Conclusion
As the markets prepare to open, investors will be closely watching the quarterly results and corporate announcements. The slightly negative GIFT Nifty indication, coupled with mixed global cues and FII selling, suggests a cautious start to the trading session. Keep an eye on key sectors and stocks that may be impacted by today's corporate events and global market movements.
18
