Trade Setup: Global Cues, Block Deals, and Corporate Actions to Watch Today
GIFT Nifty futures down 0.01% at 24,741.50, indicating a flat to slightly negative start. US markets closed lower, while Asian markets show mixed trends. Commodities display diverse movements with gold and silver up, crude oil rising, and natural gas down. FIIs were net sellers in the previous session. Notable block deals in Carborundum Universal, Shriram Finance, Kotak Bank, Capri Global Capital, and Godrej Properties. Key corporate actions include dividends for Gabriel, Ion Exchange, Deepak Fertilisers, and Ratnamani Metals.
*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 trading session. The GIFT Nifty futures indicate a cautious start, while key commodities and global indices show varied movements.
GIFT Nifty Update
GIFT Nifty futures are trading at 24,741.50, down 3.50 points or 0.01% from the previous close. This suggests a flat to slightly negative opening for domestic indices.
US Markets
US markets closed with minor losses in the previous session:
- The Dow Jones Industrial Average ended 0.20% lower at 45,565.88
- The tech-heavy NASDAQ Composite slipped 0.19% to 21,347.00
Asian Markets
Asian markets are showing mixed trends:
- Japan's Nikkei 225 is up 0.21% at 42,278.05
- Hong Kong's Hang Seng Index has gained 0.29% to trade at 25,692.50
Commodity Trends
Commodities are displaying diverse movements:
| Commodity | Price | Change (%) |
|---|---|---|
| Crude Oil | $64.93 | +1.44% |
| Gold | $3,563.40 | +1.35% |
| Silver | $41.69 | +2.37% |
| Natural Gas | $2.95 | -1.53% |
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers in the previous session:
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 9,540.36 | 10,970.07 | -1,429.71 |
| DII | 13,314.23 | 8,969.30 | 4,344.93 |
Block Deals
Several significant block deals were recorded in the previous session:
- Carborundum Universal: 300,000 shares traded at ₹915.00 per share
- Shriram Finance: 2,049,453 shares exchanged at ₹580.25 per share
- Kotak Bank: 491,903 shares traded at ₹1,960.30 per share
- Capri Global Capital: 2,730,375 shares changed hands at ₹185.40 per share
- Godrej Properties: 591,312 shares traded at ₹1,947.70 per share
Latest Updates for Stocks Involved in Block Deals
- Eternal Ltd. (parent company of Zomato) is considering relaxing its commission models for restaurant partners.
- Zomato Ltd. saw a block trade of approximately 508,355 shares at ₹309.65 per share.
- Shriram Finance Ltd. witnessed a block trade involving about 1,629,375 shares at ₹585.65 per share.
Key Corporate Actions
Several companies have important events scheduled for today:
Dividends
- Gabriel: ₹2.95
- Ion Exchange: ₹1.50
- Deepak Fertilisers & Petrochemicals: ₹10.00
- Ratnamani Metals & Tubes: ₹14.00
Annual General Meetings
- Just Dial
- Warren Tea
- DB Corp
- Gillette
Quarterly Results
- Meenakshi Steel Industries
- Seven Hill Industries
- JSW Cement
- Orissa Minerals Development Company
Conclusion
As the market opens, traders should keep an eye on global cues, block deal movements, and corporate actions. The mixed global sentiment and significant institutional activity may lead to volatility in specific sectors and stocks.
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