Trade Setup: Global Cues Mixed as Markets Eye Key Corporate Actions
By ScanX News Team
GIFT Nifty up 0.12%, indicating a potentially positive opening. US markets closed mixed, with Dow down 0.70% and Nasdaq up 0.11%. Asian markets show varied trends. Crude oil stable at $73.25, while gold dips 0.41%. FIIs and DIIs were net buyers. Key corporate actions include ex-dividend trading for Hindustan Zinc and AGMs for L&T and Havells India.
*this image is generated using AI for illustrative purposes only.
Introduction
As markets prepare for the opening bell, global cues present a mixed picture. Investors are keeping a close watch on key corporate actions and economic indicators that could shape today's trading session.
GIFT Nifty Update
GIFT Nifty futures were trading at 24,831.50, up 29 points or 0.12% from the previous close, indicating a potentially positive start for the broader index.
Global Market Overview
US Markets
Wall Street ended with mixed results in the previous session:
| Index | Closing Value | Change |
|---|---|---|
| Dow Jones Industrial Average | 42,236.81 | -0.70% |
| Nasdaq Composite | 19,677.50 | +0.11% |
Asian Markets
Asian markets are showing mixed trends:
| Index | Current Value | Change |
|---|---|---|
| Japan's Nikkei 225 | 38,755.04 | +0.57% |
| Hong Kong's Hang Seng Index | 23,661.46 | -1.33% |
Commodity Trends
| Commodity | Price | Change |
|---|---|---|
| WTI Crude Oil (per barrel) | $73.25 | Stable |
| Gold Futures (per ounce) | $3,392.80 | -0.41% |
| Silver Futures (per ounce) | $37.16 | Stable |
Currency Updates
The US Dollar to Indian Rupee exchange rate stood at 86.28, showing a marginal increase of 0.02%.
FII/DII Activity
| Investor Type | Net Activity | Amount (₹ in crore) |
|---|---|---|
| Foreign Institutional Investors (FIIs) | Net Buyers | 1,482.77 |
| Domestic Institutional Investors (DIIs) | Net Buyers | 8,207.19 |
Key Corporate Actions
Several important corporate events are scheduled for today:
Ex-Dividend Trading:
- Hindustan Zinc
- Shankara Building Products
Annual General Meetings:
- Larsen & Toubro
- Havells India
- Indian Bank
Extraordinary General Meetings:
- IRB Infrastructure Trust
- Precision Wires India
Quarterly Results Announcement:
- Orissa Minerals Development Company
Conclusion
As the markets open, investors will be closely monitoring these global cues and corporate actions. The mixed signals from global markets, along with significant institutional activity and key company events, are likely to influence trading patterns throughout the session.
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