Trade Setup: Global Cues and Key Events Shaping Today's Session
GIFT Nifty up 0.13% at 25,470.00, suggesting a mildly positive opening for Indian indices. US futures show caution, while Asian markets are mixed. Commodities display varied movements with gold up 1.06%. USD/INR trading at 87.64, down 0.16%. FIIs and DIIs were net buyers in the previous session. Key results from Wipro, Infosys, and Nestle India are anticipated today.
*this image is generated using AI for illustrative purposes only.
Market Overview
As we approach the opening bell, global markets present a mixed picture, setting the stage for an intriguing session ahead. The GIFT Nifty futures indicate a potentially positive start for domestic indices.
GIFT Nifty Update
GIFT Nifty is currently trading at 25,470.00, up 0.13% or 32.50 points from the previous close. This suggests a mildly positive opening for the NSE Nifty and BSE Sensex.
Global Market Trends
US Markets
US stock futures are showing marginal changes, indicating a cautious sentiment:
| Index | Price | Change (%) |
|---|---|---|
| E-Mini S&P 500 | 6,711.75 | -0.05 |
| Dow Jones Futures | 46,287.60 | +0.07 |
Asian Markets
Asian indices are displaying mixed trends:
| Index | Price | Change (%) |
|---|---|---|
| Nikkei 225 | 48,034.19 | +0.76 |
| Hang Seng | 25,902.00 | -0.03 |
Commodity Trends
Commodities are showing varied movements:
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 58.75 | +0.82 |
| Gold | 4,246.20 | +1.06 |
| Silver | 52.58 | +2.34 |
| Natural Gas | 3.04 | +0.66 |
Currency Updates
The USD/INR pair is currently trading at 87.64, down 0.16% from its previous close.
FII/DII Activity
Recent institutional investor activity shows:
| Investor Type | Action | Amount (Cr) |
|---|---|---|
| FII | Net Buyers | ₹68.64 |
| DII | Net Buyers | ₹4,650.08 |
Block Deals
Notable block deals from the previous session include:
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Canara Bank | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 1,022,108 | 128.00 |
| Apollo Micro Systems | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 397,100 | 292.50 |
| Ather Energy | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 201,248 | 628.50 |
| Kaynes Technology India | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 67,702 | 6,940.00 |
Latest Updates for Stocks Involved in Block Deals
- Kaynes Semicon, a subsidiary of Kaynes Technology India, shipped 900 Multi-Chip Modules to Alpha & Omega Semiconductor, marking India's first commercially manufactured MCM under the India Semiconductor Mission 1.0.
- Apollo Micro Systems reported standalone revenue of ₹225.26 crores for Q2.
- Canara Bank aims to recover approximately 90% of its exposure from the sale of Karanja Terminal & Logistics, a non-performing asset.
- Ather Energy achieved a production milestone of 500,000 electric scooters with the launch of its RIZTA model.
Key Corporate Actions
Several companies are scheduled to announce their quarterly results today, including:
- Wipro
- Infosys
- Nestle India
- LTIMindtree
- Zee Entertainment
Additionally, Concord Control Systems will trade ex-bonus in the ratio of 3:5.
Conclusion
As we enter today's session, traders should keep an eye on global cues, particularly the mixed signals from US and Asian markets. The positive GIFT Nifty indicates a potentially upbeat start, but caution is advised given the volatility in commodity prices and currency markets. The quarterly results announcements scheduled for today could also significantly impact market sentiment and individual stock movements.
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