NewsMarketsTrade Setup: Global Cues Mixed as GIFT Nifty Edges Higher Ahead of Key Corporate ActionsTrade Setup: Global Cues Mixed as GIFT Nifty Edges Higher Ahead of Key Corporate Actions
By ScanX News Team
GIFT Nifty hints at a marginally positive opening for Indian markets. US indices closed higher, while Asian markets show mixed trends. Crude oil dips, gold rises. FIIs were net sellers, DIIs net buyers. Key corporate actions include dividend payouts and AGMs for major companies.
*this image is generated using AI for illustrative purposes only.
Pre-Market Sentiment
As traders gear up for the opening bell, global markets present a mixed picture, while domestic indices may see a cautious start amid a slew of corporate actions scheduled for the day.
GIFT Nifty Update
GIFT Nifty futures were trading at 25,638.50, up 0.03% from the previous close, indicating a marginally positive opening for the domestic markets.
US Markets
Wall Street ended the previous session on a positive note:
- The Dow Jones Industrial Average gained 0.63%, closing at 44,115.76.
- The tech-heavy Nasdaq Composite edged up 0.06% to 20,831.25.
- S&P 500 futures were trading slightly higher at 6,255.50, up 0.03%.
Asian Markets
Asian markets showed a mixed trend in early trade:
- Japan's Nikkei 225 was down 1.10% at 40,040.13.
- Hong Kong's Hang Seng Index fell 0.87% to 24,072.28.
Commodity Trends
- Crude oil: WTI crude trading at $64.77 per barrel, down 0.52%.
- Gold futures: Rose 0.56% to $3,326.30 per ounce.
- Silver futures: Marginally lower at $36.08 per ounce, down 0.27%.
- Natural gas: Dipped slightly, trading at $3.45 per MMBtu, down 0.14%.
Currency Updates
The Indian Rupee opened slightly stronger against the US Dollar. The USD/INR pair was trading at 85.64, down 0.10%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers in the cash market on the previous day, offloading shares worth ₹831.50 crore. Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹3,497.44 crore.
| Category | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 12,967.60 | 13,799.10 | -831.50 |
| DII | 15,914.52 | 12,417.08 | 3,497.44 |
Key Corporate Actions
Several companies are slated for dividend payouts, including:
- Indian Hotels Company (₹2.25 per share)
- Dalmia Bharat Sugar & Industries (₹1.50 per share)
- MIRC Electronics (Rights Issue 3:14)
Notable Annual General Meetings (AGMs) scheduled for today include Hindustan Unilever , Piramal Enterprises , and Tata Chemicals .
Investors should also watch out for quarterly results announcements from companies like Jaiprakash Associates and Hindustan Adhesives .
As the markets prepare to open, traders will be closely monitoring these corporate actions and global cues for directional moves in today's session.
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