Trade Setup: Global Cues, Commodity Trends, and Corporate Actions to Watch
By ScanX News Team
GIFT Nifty futures up 0.13%, indicating a positive start. US markets closed higher, with Dow Jones up 0.94%. Asian markets show mixed trends. Crude oil prices rise, while gold dips slightly. USD/INR trading at 85.57. FIIs were net buyers, DIIs net sellers in the previous session. Key corporate actions include AGMs for major companies like ACC, Asian Paints, and Nestle India.
*this image is generated using AI for illustrative purposes only.
Introduction
As markets prepare to open, global sentiment remains cautiously optimistic with mixed signals from international indices. Key developments in commodities and currency markets are likely to influence trading patterns.
GIFT Nifty Update
GIFT Nifty futures are trading at 25,730.50, up 0.13% or 33 points from the previous close, indicating a potentially positive start for the cash market.
US Markets
The Dow Jones Industrial Average closed at 43,407.83, up 0.94% or 404.39 points. The NASDAQ Composite ended at 20,618.50, showing a marginal increase of 0.12% or 24.25 points. The S&P 500 E-Mini futures are currently at 6,200.75, up 0.09% or 5.75 points.
Asian Markets
Asian markets are showing mixed trends. The Nikkei 225 is trading higher by 1.49% at 40,172.59. The Hang Seng Index is up 0.25% at 24,385.62.
Commodity Trends
Crude oil prices are showing an upward trend, with WTI crude trading at $65.66 per barrel, up 0.64%. Gold futures are slightly down by 0.49% at $3,331.50 per ounce. Silver futures are up 0.89% at $36.92 per ounce. Natural gas is trading higher by 1.26% at $3.30 per MMBtu.
Currency Updates
The USD/INR pair is trading at 85.57, down 0.07% from the previous close.
FII/DII Activity
| Investor Type | Buy (Cr) | Sell (Cr) | Net (Cr) |
|---|---|---|---|
| FII/FPI | 32,020.06 | 19,425.68 | 12,594.38 |
| DII | 14,029.71 | 14,224.94 | -195.23 |
Foreign Institutional Investors (FIIs) were net buyers, while Domestic Institutional Investors (DIIs) were net sellers in the previous session.
Key Corporate Actions
Several companies are holding their Annual General Meetings (AGMs) today, including ACC, Asian Paints, Nestle India, Ambuja Cements, and Canara Bank. Investors should watch for any important announcements or decisions from these meetings.
Additionally, Infibeam Avenues has announced a rights issue in the ratio of 67:267.
Conclusion
As the markets open, traders and investors should keep an eye on global cues, commodity price movements, and the outcomes of the various corporate actions scheduled for today. The positive GIFT Nifty indication and mixed global market trends suggest a cautiously optimistic start to the trading session.
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