Trade Setup: Global Cues Mixed as GIFT Nifty Indicates Flat Start
By ScanX News Team
GIFT Nifty up 0.1% at 25,532.50, hinting at a flat to slightly positive opening. US markets diverge with Dow up 0.77% and NASDAQ down 0.45%. Asian markets mixed, with Nikkei and Hang Seng in red. Crude oil down 1.73%, gold slips 0.59%. USD/INR steady at 85.45. FIIs and DIIs were net sellers in the previous session. Key corporate actions include dividends from Sun Pharma and AGMs for Indian Hotels Company.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing mixed signals as we head into a new trading session. While some indices are displaying strength, others are facing headwinds, setting the stage for a potentially volatile day ahead.
GIFT Nifty Update
The GIFT Nifty is trading at 25,532.50, up 0.1% or 26 points from the previous close. This suggests a flat to slightly positive opening for the domestic indices.
US Markets
Overnight, US markets showed divergent trends:
| Index | Close | Change |
|---|---|---|
| Dow Jones Industrial Average | 44,849.53 | +0.77% |
| NASDAQ Composite | 20,892.50 | -0.45% |
The NASDAQ's decline indicates some pressure on technology stocks.
Asian Markets
Asian markets are displaying a mixed picture:
| Index | Current | Change |
|---|---|---|
| Nikkei 225 | 39,611.72 | -0.50% |
| Hang Seng Index | 23,852.37 | -0.27% |
Commodity Trends
| Commodity | Price | Change |
|---|---|---|
| WTI Crude (per barrel) | $65.84 | -1.73% |
| Gold Futures (per ounce) | $3,323.10 | -0.59% |
| Silver Futures (per ounce) | $37.12 | +0.10% |
Currency Updates
The USD/INR pair is currently at 85.45, remaining unchanged from its previous close.
FII/DII Activity
| Investor Type | Net Activity | Amount (₹ crore) |
|---|---|---|
| FIIs | Net Sellers | -760.11 |
| DIIs | Net Sellers | -1,028.84 |
Key Corporate Actions
Several companies have important events scheduled for today:
Dividend
- Dodla Dairy
- Sun Pharmaceutical
- Veedol Corporation
AGMs
- Indian Hotels Company
- CFF Fluid Control
- Sagarsoft
- Dalmia Bharat Sugar & Industries
- Computer Age Management Services
Quarterly Results
- Nectar Lifesciences
- Dipna Pharmachem
- Take Solutions
- Balaji Phosphates
- Siemens Energy India
- Others
Conclusion
As markets open, investors will be closely watching global cues and domestic factors. The flat GIFT Nifty suggests a cautious start, while corporate actions and quarterly results may provide stock-specific movements throughout the session.
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