Trade Setup: Global Cues Mixed as Markets Eye Key Corporate Actions
By ScanX News Team
GIFT Nifty futures up 0.06% at 25,492.00, indicating a mildly positive start. US markets closed mixed, with Dow down 0.94% and NASDAQ up 0.09%. Asian markets show varied trends. Crude oil softens to $67.50/barrel, while gold and silver futures gain. USD/INR at 85.69, down 0.07%. FIIs and DIIs were net buyers in the previous session. Key corporate actions include dividend announcements and quarterly results.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing mixed signals as we head into today's trading session. While some positive momentum is seen in certain sectors, investors remain cautious due to ongoing economic uncertainties.
GIFT Nifty Update
The GIFT Nifty futures are trading at 25,492.00, up 16.50 points or 0.06% from the previous close. This suggests a mildly positive start for the domestic indices.
US Markets
US markets closed on a mixed note in the previous session. The Dow Jones Industrial Average fell 0.94%, while the NASDAQ Composite showed a slight gain of 0.09%. The S&P 500 futures are currently trading marginally lower, indicating some caution among investors.
Asian Markets
Asian markets are displaying a mixed trend. The Nikkei 225 is up 0.08%, while the Hang Seng Index has gained 0.66%. This mixed performance reflects the varied economic conditions and investor sentiments across the region.
Commodity Trends
Crude oil prices have softened slightly, with WTI crude trading at $67.50 per barrel, down 0.63%. Gold futures are showing resilience, trading at $3,344.10 per ounce, up 0.04%. Silver futures have also gained, trading at $37.03 per ounce, up 0.33%.
Currency Updates
The USD/INR pair is trading at 85.69, down 0.07%, indicating a slight strengthening of the rupee against the dollar. The EUR/USD pair is at 1.17, up 0.28%, reflecting some weakness in the US dollar.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers in the previous session, purchasing shares worth ₹321.16 crore. Domestic Institutional Investors (DIIs) also showed strong buying interest, with net purchases of ₹1,853.39 crore.
Key Corporate Actions
Several important corporate actions are lined up for today:
- Dividend announcements from companies like JSW Steel , Titan , and JK Cement
- Annual General Meetings (AGMs) for Voltas and Allied Blenders & Distillers
- Quarterly results expected from 5Paisa Capital and MRO-TEK Reality
Conclusion
As markets open today, investors will be closely watching these corporate actions and global cues. The mixed signals from global markets and the positive FII/DII activity could lead to some volatility in early trades.
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