Trade Setup: Global Cues Mixed as Markets Await Key Results
GIFT Nifty indicates a flat to slightly positive start, up 0.03%. US markets closed mixed, with Dow up 1.10% but Nasdaq and S&P 500 futures down. Asian markets show positive trends. Brent crude at $63.01, down 0.25%. USD/INR at 87.58, marginally up. FIIs were net sellers, while DIIs were net buyers. Key companies like Pfizer, Godrej Consumer Products to announce quarterly results.
*this image is generated using AI for illustrative purposes only.
Pre-Market Setup: Global Trends That Could Shape Today's Session
As traders prepare for the opening bell, global markets are presenting a mixed picture, setting the stage for a potentially volatile session ahead.
GIFT Nifty Update
The GIFT Nifty futures trading on the NSE International Exchange are indicating a flat to slightly positive start for the Indian markets. At 02:29 AM, GIFT Nifty futures were trading at 24,627.00, up 8.00 points or 0.03% from the previous close.
US Markets
Overnight, Wall Street ended on a mixed note:
| Index | Closing Value | Change | Percentage |
|---|---|---|---|
| Dow Jones Industrial Average | 44,479.60 | +483.50 | +1.10% |
| Nasdaq Composite | 21,860.50 | -2.50 | -0.01% |
| S&P 500 futures | 6,463.50 | -5.00 | -0.08% |
Asian Markets
Asian markets are showing a positive trend in early trade:
| Index | Value | Change |
|---|---|---|
| Nikkei 225 | 43,282.75 | +1.32% |
| Hang Seng | 25,289.00 | +1.28% |
Commodity Trends
In commodities:
| Commodity | Price | Change |
|---|---|---|
| Brent crude | $63.01 | -0.25% |
| Gold | $3,399.00 | 0.00% |
| Natural gas | $2.80 | -0.46% |
Currency Updates
The US Dollar Index is trading flat. The USD/INR pair is at 87.58, marginally up by 0.01%.
FII/DII Activity
| Investor Type | Action | Amount (₹ crore) |
|---|---|---|
| FIIs | Net Sellers | 3,398.80 |
| DIIs | Net Buyers | 3,507.93 |
Key Corporate Actions
Several companies including Pfizer, Godrej Consumer Products, BPCL, and Muthoot Finance are scheduled to announce their quarterly results today. Investors will closely watch these numbers for cues on corporate performance and economic recovery.
As the markets open, traders should remain cautious and watch for stock-specific actions based on earnings and global cues. The overall sentiment remains mixed, with global uncertainties and domestic earnings likely to drive market direction.
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