Trade Setup: Global Cues Mixed as Markets Eye Key Corporate Actions
By ScanX News Team
GIFT Nifty futures up 0.09%, indicating a slightly positive opening. US markets closed marginally lower, while Asian markets are mixed. Crude oil prices edged lower, and the USD strengthened against INR. FIIs were net sellers, while DIIs were net buyers. Key corporate actions, including ex-dividend dates and AGMs for major companies, may influence stock-specific movements.
*this image is generated using AI for illustrative purposes only.
GIFT Nifty Update
GIFT Nifty futures were trading at 25,579.50, up 0.09% from the previous close, indicating a flat to slightly positive start for the domestic indices.
US Markets
Wall Street ended marginally lower in the previous session. The Dow Jones Industrial Average closed at 44,505.41, down 0.02%, while the tech-heavy Nasdaq Composite finished at 20,770.00, up 0.01%.
Asian Markets
Asian markets were trading mixed in early hours. Japan's Nikkei 225 was down 0.08% at 39,730.52, while Hong Kong's Hang Seng index fell 1.02% to 23,975.31.
Commodity Trends
Crude oil prices edged lower, with WTI crude trading at $66.87 per barrel, down 0.86%. Brent crude was at $66.87, showing a similar decline. Gold futures were trading slightly lower at $3,358.40 per troy ounce, down 0.04%. Silver futures also dipped 0.26% to $36.63 per troy ounce.
Currency Updates
The US Dollar strengthened marginally against the Indian Rupee. The USD/INR pair was trading at 85.61, up 0.09%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers on July 2, offloading shares worth ₹1,561.62 crore. Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹3,036.68 crore.
Key Corporate Actions
Several companies have important events scheduled for today:
| Event Type | Companies |
|---|---|
| Ex-dividend | Bharat Seats, Sika Interplant Systems |
| AGMs | Tata Steel, Oberoi Realty, Embassy Office Parks REIT |
| EGMs | Indo Thai Securities, Dhanuka Realty |
| Quarterly Results | CFF Fluid Control |
Investors should keep an eye on these corporate actions as they may impact the respective stocks and overall market sentiment.
Conclusion
As the markets open, traders and investors will be closely watching global cues and domestic corporate actions. The mixed signals from global markets and the scheduled corporate events could lead to stock-specific movements in today's session.
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