Trade Setup: Global Cues, Corporate Actions Set Tone for Today's Session
GIFT Nifty futures down 0.16%, indicating a subdued opening. US markets closed mixed, with Dow Jones down 0.34% and NASDAQ slightly up. Asian markets show mixed trends. Crude oil prices dip, while gold edges lower. USD/INR at 87.27, up 0.33%. FIIs and DIIs were net buyers. Several companies set for ex-dividend, including LIC Housing Finance and Godfrey Phillips. Key AGMs scheduled for TVS Motors, Mahanagar Gas, and Hindustan Petroleum.
*this image is generated using AI for illustrative purposes only.
As markets gear up for another trading day, a mix of global trends and domestic corporate actions are poised to influence sentiment. Here's what you need to know before the opening bell.
GIFT Nifty Update
GIFT Nifty futures traded at 25,055.00, down 0.16% or 39.00 points from the previous close. This suggests a muted start for the domestic indices.
US Markets
The Dow Jones Industrial Average closed at 44,806.51, down 0.34% or 152.81 points. The tech-heavy NASDAQ Composite ended slightly higher at 21,150.75, up 0.03% or 6.00 points.
Asian Markets
Asian markets showed mixed trends:
| Index | Value | Change (%) |
|---|---|---|
| Nikkei 225 | 42,684.09 | +0.17 |
| Hang Seng Index | 25,178.50 | +0.29 |
Commodity Trends
| Commodity | Price | Change (%) |
|---|---|---|
| WTI Crude | 63.39 | -0.20 |
| Brent Crude | 63.39 | -0.20 |
| Gold Futures | 3,379.00 | -0.08 |
| Silver Futures | 38.15 | +0.17 |
Currency Updates
The USD/INR pair was at 87.27, up 0.33% from the previous close.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers, purchasing shares worth ₹1,246.51 crore. Domestic Institutional Investors (DIIs) also remained bullish, with net buying of ₹2,546.27 crore.
Corporate Actions
A slew of companies are set for ex-dividend today, including:
| Company | Dividend per Share (₹) |
|---|---|
| LIC Housing Finance | 10.00 |
| Godfrey Phillips | 60.00 |
| APL Apollo Tubes | 5.75 |
| Jindal Steel | 2.00 |
Several firms are also holding their Annual General Meetings (AGMs) today, including TVS Motors, Mahanagar Gas, and Hindustan Petroleum.
Key Global Events
Markets will be watching for any developments in global economic indicators and geopolitical events that could impact trading sentiment.
As the session unfolds, these factors are likely to play a crucial role in determining market direction. Traders and investors should keep a close eye on both global cues and stock-specific actions.
20
