NewsMarketsTrade Setup: Global Cues, Corporate Actions, and Block Deals to Shape Today's SessionTrade Setup: Global Cues, Corporate Actions, and Block Deals to Shape Today's Session
GIFT Nifty futures up 0.21%, indicating a positive opening for Indian indices. US markets closed lower, while Asian markets show mixed trends. Crude oil slightly down, gold up. FIIs and DIIs were net buyers. Significant block deals reported in Hero MotoCorp, ITC, Wipro, Infosys, and Axis Bank. Key corporate actions include dividend announcements and AGMs for several companies.
*this image is generated using AI for illustrative purposes only.
Market Overview
As markets gear up for the opening bell, a mix of global cues, corporate actions, and significant block deals are set to influence trading sentiment.
GIFT Nifty Update
GIFT Nifty futures were trading at 25,388.00, up 52 points or 0.21% from the previous close, indicating a positive start for the domestic indices.
US Markets
The Dow Jones Industrial Average closed at 45,778.89, down 125.57 points or 0.27%. The tech-heavy NASDAQ Composite ended slightly lower at 22,446.50, down 0.75 points.
Asian Markets
Asian markets showed mixed trends:
- Japan's Nikkei 225 was up 0.25% at 45,014.32
- Hong Kong's Hang Seng Index gained 0.72% to trade at 26,630.00
Commodity Trends
- Crude Oil (WTI) was trading at $64.43 per barrel, down 0.14%
- Brent Crude slipped marginally to $64.43 per barrel
- Gold futures rose to $3,717.20 per ounce, up 0.21%
- Silver futures were trading at $42.43 per ounce, down 1.15%
Currency Updates
The USD/INR pair was trading at 87.87, up 0.03% from the previous close.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers, purchasing shares worth ₹308.32 crore. Domestic Institutional Investors (DIIs) also remained bullish, buying shares worth ₹1,518.73 crore.
Block Deals
Several significant block deals were reported:
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Hero MotoCorp | Goldman Sachs (Singapore) PTE | Goldman Sachs Bank Europe SE | 187,256 | 5,288.50 |
| ITC | Goldman Sachs (Singapore) PTE | Goldman Sachs Bank Europe SE | 590,933 | 412.65 |
| Wipro | Goldman Sachs (Singapore) PTE | Goldman Sachs Bank Europe SE | 914,544 | 252.50 |
| Infosys | Goldman Sachs (Singapore) PTE | Goldman Sachs Bank Europe SE | 303,400 | 1,505.00 |
| Axis Bank | Goldman Sachs (Singapore) PTE | Goldman Sachs Bank Europe SE | 710,462 | 1,113.09 |
Latest Updates for Stocks Involved in Block Deals
- Authum Investment & Infrastructure Limited signed an agreement to acquire a 3% stake in Serovia Pharma Private Limited for ₹3,000,001,553.
- Bharti Airtel reported a significant reduction in cybercrime on its network, with financial losses falling 68.7% and overall incidents dropping 14.3%.
- IndiGo will begin operating direct flights between Mumbai and Copenhagen starting October 8, using Boeing 787-9 Dreamliner aircraft.
- Infosys announced an ₹18,000 crore share buyback, sparking debate about the company's priorities between returning cash to shareholders and investing in AI and innovation.
- IndiGo and Aegean Airlines have agreed to establish a partnership through a codeshare agreement.
Key Corporate Actions
Several companies have announced dividends and annual general meetings (AGMs):
| Company | Action | Details |
|---|---|---|
| COMMITTED | Dividend | Final dividend of ₹0.50 per share |
| TTL | Dividend | Final dividend of ₹0.05 per share |
| INTLCONV | Dividend | Final dividend of ₹0.75 per share |
| CARYSIL | Dividend | Final dividend of ₹2.40 per share |
| RITES | Dividend | Final dividend of ₹2.65 per share |
Multiple companies including TULSYAN, YARNSYN, and NIYOGIN have scheduled their Annual General Meetings.
With a mix of global cues, corporate actions, and significant block deals, today's session is likely to see stock-specific movements based on these developments.
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