Trade Setup: Global Cues, Block Deals, and FII Activity in Focus
GIFT Nifty futures up 0.39% at 25,018.00, indicating a positive opening for Indian markets. US markets closed with gains, while Asian markets show mixed trends. Crude oil up 1.46%, gold down 0.28%. FIIs were net buyers on September 9. Significant block deals reported in Bharat Forge, Hindalco, Tata Motors, Infosys, and ICICI Bank. Key stocks to watch include Tata Motors, Apollo Hospitals, and Infosys amid recent corporate developments.
*this image is generated using AI for illustrative purposes only.
Market Overview
As markets prepare to open, global cues and domestic factors are setting the stage for today's trading session. The GIFT Nifty indicates a positive start, while overseas markets show mixed trends. Key commodities and currencies are also influencing sentiment.
GIFT Nifty Update
GIFT Nifty futures are trading at 25,018.00, up 0.39% or 98.00 points from the previous close. This suggests a positive opening for the NSE Nifty and BSE Sensex.
US Markets
Overnight, US markets closed with gains:
- The Dow Jones Industrial Average rose 0.43% to 45,732.35
- The NASDAQ Composite gained 0.14% to close at 21,830.25
Asian Markets
Asian markets are showing mixed trends:
- Japan's Nikkei 225 is up 0.35% at 43,609.27
- Hong Kong's Hang Seng Index has gained 0.82% to trade at 26,151.00
Commodity Trends
- Crude oil: WTI crude up 1.46% at $63.17 per barrel
- Gold futures: Down 0.28% at $3,672.00 per ounce
- Silver futures: Up 0.28% at $41.46 per ounce
Currency Updates
- USD/INR: Trading at 88.14, down 0.06%
- EUR/USD: Slightly lower at 1.17, down 0.05%
FII/DII Activity
On September 9:
- Foreign Institutional Investors (FIIs) were net buyers, purchasing stocks worth ₹2,050.46 crore
- Domestic Institutional Investors (DIIs) were also net buyers, with a net purchase of ₹83.08 crore
Block Deals
Significant block deals reported on September 9:
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Bharat Forge | GOLDMAN SACHS (SINGAPORE) PTE - ODI | GOLDMAN SACHS BANK EUROPE SE - ODI | 455,437 | 1,202.80 |
| Hindalco Industries | KAPITALFORENINGEN PENSAM INVEST | KAPITALFORENINGEN INVESTIN PRO | 500,000 | 738.75 |
| Tata Motors | KAPITALFORENINGEN PENSAM INVEST | KAPITALFORENINGEN INVESTIN PRO | 1,150,000 | 719.50 |
| Infosys | KAPITALFORENINGEN PENSAM INVEST | KAPITALFORENINGEN INVESTIN PRO | 725,658 | 1,432.90 |
| ICICI Bank | KAPITALFORENINGEN PENSAM INVEST | KAPITALFORENINGEN INVESTIN PRO | 775,000 | 1,402.70 |
Latest Updates for Stocks Involved in Block Deals
Tata Motors is set to acquire 26% stakes in two Special Purpose Vehicles of Tata Power Renewable Energy Ltd for a total of ₹39.19 crore, aiming to optimize power costs and reduce carbon footprint.
Apollo Hospitals' Managing Director highlighted a $100 billion opportunity in healthcare tourism, potentially offsetting negative impacts from US tariffs on India.
A Swiggy customer reported an 80% price difference between ordering through the platform and directly from a restaurant, sparking debate about delivery platform pricing.
Infosys is considering a buyback worth ₹13,560 crore, its first in three years, amid discussions about missed investment opportunities in AI.
TCS has partnered with CEA to enhance physical AI research and innovation activities in France.
Key Global Events
Markets will be watching for any developments in global economic policies and geopolitical events that could impact trading sentiment.
Conclusion
The market setup suggests a positive start, with investors likely to focus on global cues, block deals, and FII activity. The performance of key stocks involved in recent block deals and sector-specific news may influence overall market direction.
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