Trade Setup: GIFT Nifty Hints at Positive Start Amid Mixed Global Cues
GIFT Nifty up 0.13%, indicating a positive opening for Indian indices. US markets closed higher, while Asian markets show mixed trends. Crude oil down 0.45%, gold down 0.54%. FIIs were net sellers, DIIs net buyers in the previous session. Notable block deals in GE Vernova T&D, Hero Motocorp, and others. Key corporate actions include dividends from SJVN, Acutaas Chemicals, and Venus Pipes & Tubes.
*this image is generated using AI for illustrative purposes only.
Market Overview
Global markets present a mixed picture as traders prepare for the opening bell. The GIFT Nifty suggests a positive start for domestic indices, while commodity trends and FII activity offer additional insights into potential market movements.
GIFT Nifty Update
The GIFT Nifty is trading at 25509.00, up 0.13% or 34 points from the previous close. This indicates a likely positive opening for the NSE Nifty and BSE Sensex.
US Markets
US stock indices closed higher in the previous session:
| Index | Change (%) |
|---|---|
| Dow Jones | 0.57 |
| NASDAQ | 0.62 |
| S&P 500 | 0.39 |
Asian Markets
Asian markets are showing mixed trends:
| Index | Change (%) |
|---|---|
| Nikkei 225 | 1.11 |
| Hang Seng | 0.23 |
Commodity Trends
- Crude Oil (WTI): $63.76 per barrel, down 0.45%
- Gold: $3697.70 per ounce, down 0.54%
- Silver: $42.04 per ounce, down 0.28%
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers, while Domestic Institutional Investors (DIIs) were net buyers in the previous session:
| Investor Type | Net Activity (₹ Crore) |
|---|---|
| FII | -1124.54 |
| DII | 2293.53 |
Block Deals
Notable block deals from the previous session:
- GE Vernova T&D: 90,235 shares at ₹2924.60 per share
- Hero Motocorp: 143,905 shares at ₹5316.00 per share
- Sundaram Finance: 30,001 shares at ₹4643.00 per share
- Apollo Hospitals: 52,098 shares at ₹7852.50 per share
- Bharat Petroleum: 577,549 shares at ₹318.25 per share
Latest Updates for Stocks Involved in Block Deals
- Hindustan Aeronautics (HAL) is facing delivery delays for Tejas fighter jets due to engine supply issues from General Electric.
- Bharti Airtel reported a significant reduction in cybercrime on its network, with financial losses falling 68.7% between September and June.
- Apollo Hospitals Enterprise will purchase IFC's 30.8% stake in subsidiary Apollo Health and Lifestyle for ₹1254.07 crore, increasing its ownership to 99.42%.
Key Corporate Actions
Several companies have announced dividends and annual general meetings for today, including:
- SJVN: Final dividend of ₹0.31 per share
- Acutaas Chemicals: Final dividend of ₹1.50 per share
- Venus Pipes & Tubes: Final dividend of ₹0.50 per share
Investors should keep an eye on these corporate events and their potential impact on the respective stocks.
As the market opens, traders should monitor global cues, FII/DII activity, and sector-specific news for potential trading opportunities while maintaining appropriate risk management strategies.
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