Trade Setup: Global Cues, Commodities, and Key Earnings to Shape Market Sentiment
By ScanX News Team
GIFT Nifty up 0.28% at 24,495.50, indicating a positive opening. Mixed commodity trends with gold down 0.11% and silver up 1.47%. USD/INR at 85.12, up 0.0045%. FIIs and DIIs were net buyers on April 28. Key earnings expected from UltraTech Cement, HCL Technologies, and others. Market sentiment supported by continued institutional buying.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on April 29, 2025, global trends and domestic factors are setting the stage for an interesting session. The GIFT Nifty indicates a positive start, while commodity movements and corporate earnings remain in focus.
GIFT Nifty Update
The GIFT Nifty is trading at 24,495.50, up 0.28% or 69.50 points from the previous close. This suggests a potentially positive opening for the domestic indices.
Commodity Trends
Crude oil prices are showing mixed signals. WTI crude is trading at $62.03 per barrel, down marginally by 0.03%. Brent crude data is not available.
Gold futures are trading at $3,344.10 per ounce, down 0.11%. Silver futures have seen a significant uptick, trading at $33.49 per ounce, up 1.47%.
Natural gas is trading at $3.18 per MMBtu, up 0.38%. Copper futures are slightly down at $4.20 per pound, a decrease of 0.06%.
Currency Updates
The USD/INR pair is trading at 85.12, showing a slight increase of 0.0045%. The EUR/USD is at 1.14, down 0.13%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers on April 28, 2025, purchasing shares worth ₹2,474.10 crore. Domestic Institutional Investors (DIIs) were also net buyers, with purchases of ₹2,817.64 crore.
Key Corporate Actions
Several major companies are scheduled to announce their quarterly results today, including:
| Company | Additional Information |
|---|---|
| UltraTech Cement | |
| HCL Technologies | Declaring an interim dividend of ₹18/share |
| TVS Motor Company | |
| Castrol India | |
| IDBI Bank | |
| UCO Bank | |
| Central Bank of India |
Additionally, companies like Adani Green Energy, Adani Total Gas, and PNB Housing Finance will be in focus due to their result announcements.
Conclusion
As the market opens, traders will be closely watching the impact of positive GIFT Nifty cues, mixed commodity trends, and the slew of corporate earnings announcements. The continued buying activity from both FIIs and DIIs could provide support to market sentiment. However, global factors and individual stock-specific actions are likely to influence overall market direction throughout the session.
