NewsMarketsTrade Setup: Global Cues and Key Events to Watch Before the Opening Bell on November 24Trade Setup: Global Cues and Key Events to Watch Before the Opening Bell on November 24
Global markets present a mixed picture ahead of Indian market opening. GIFT Nifty futures at 26,185.00, down 0.02%, suggest a flat to slightly negative start. US markets closed positively, with NASDAQ up 0.75% and Dow Jones up 1.08%. Asian markets are mixed, with Nikkei down 2.40% but Hang Seng up 1.33%. Crude oil is down 1.76%, while USD/INR trades at 89.59. FIIs were net sellers, while DIIs were net buyers in recent activity. Several companies have scheduled corporate actions, including dividend announcements and quarterly results.
*this image is generated using AI for illustrative purposes only.
Global Market Sentiment
As we approach the opening bell on November 24, global markets present a mixed picture, with some positive signals from key indices.
GIFT Nifty Update
The GIFT Nifty futures trading at 26,185.00 points, down marginally by 0.02% or 5.00 points from the previous close, suggests a flat to slightly negative start for domestic indices.
US Markets
U.S. markets closed on a positive note in the previous session:
| Index | Price | Change (%) |
|---|---|---|
| NASDAQ Composite | 22,397.25 | +0.75 |
| Dow Jones | 46,266.40 | +1.08 |
| S&P 500 E-Mini Futures | 6,651.50 | +0.47 |
Asian Markets
Asian markets show mixed trends:
| Index | Price | Change (%) |
|---|---|---|
| Nikkei 225 | 48,625.88 | -2.40 |
| Hang Seng | 25,556.50 | +1.33 |
Commodity Trends
Key commodities are showing mixed movements:
| Commodity | Price | Change (%) |
|---|---|---|
| Crude Oil | 57.96 | -1.76 |
| Gold | 4,044.70 | -0.85 |
| Silver | 49.53 | -0.78 |
| Natural Gas | 4.61 | +0.61 |
Currency Updates
The USD/INR pair is trading at 89.59, up by 0.01%.
FII/DII Activity
Recent institutional activity shows contrasting trends:
| Institution Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 14,585.86 | 16,351.91 | -1,766.05 |
| DII | 14,908.67 | 11,747.06 | 3,161.61 |
Corporate Actions
Several companies have important events scheduled for today:
| Company | Event Type |
|---|---|
| Altius Telecom Infrastructure Trust | Final Dividend |
| Docmode Health Technologies | Quarterly Result Announcement |
| Durlax Top Surface | Extraordinary General Meeting |
| Hamps Bio | Extraordinary General Meeting |
| Siemens Energy | Quarterly Result Announcement |
| Panorama Studios International | Extraordinary General Meeting |
| Supreme Infrastructure | Quarterly Result Announcement |
| Orient Tradelink | Quarterly Result Announcement |
| Hercules Investments | Change of Name |
Investors should keep an eye on these corporate actions as they may impact the respective stocks.
Conclusion
As markets prepare to open, traders and investors should consider the mixed global cues, commodity trends, and scheduled corporate events. The slightly negative GIFT Nifty indication suggests a cautious start, but individual stock movements may be influenced by company-specific news and broader market sentiment.
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