Trade Setup: Global Cues Mixed as Markets Eye Key Corporate Actions
GIFT Nifty futures down 0.17%, indicating a cautious opening for Indian indices. US markets closed mixed, with Dow Jones marginally up and Nasdaq down. Asian markets show mixed trends, with Nikkei and Hang Seng in red. Crude oil prices edged higher, while gold dipped slightly. FIIs were net sellers, while DIIs were net buyers in the Indian market. Several companies holding AGMs and dividend payouts expected.
*this image is generated using AI for illustrative purposes only.
GIFT Nifty Update
GIFT Nifty futures were trading at 24,967.00, down 0.17% or 43.50 points, indicating a muted start for domestic indices.
US Markets
The Dow Jones Industrial Average closed marginally higher by 0.02% at 44,922.30. The tech-heavy Nasdaq Composite fell 0.40% to 21,308.00.
Asian Markets
Asian markets showed mixed trends. Japan's Nikkei 225 declined 1.62% to 42,842.16, while Hong Kong's Hang Seng Index slipped 0.29% to 25,051.00.
Commodity Trends
Crude oil prices edged higher, with WTI crude up 0.23% at $61.91 per barrel. Gold futures dipped slightly by 0.05% to $3,356.90 per ounce. Natural gas prices fell 0.29% to $2.76 per MMBtu.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹634.26 crore. Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹2,261.06 crore.
Key Corporate Actions
Several companies are holding their Annual General Meetings (AGMs) today, including:
| Company | Event |
|---|---|
| Can Fin Homes | AGM |
| HEG | AGM |
| Interglobe Aviation | AGM |
| South Indian Bank | AGM |
Dividend payouts are expected from:
- Sukhjit Starch & Chemicals
- Senco Gold
- Bhansali Engineering Polymers
Conclusion
Markets are likely to open on a cautious note, with global cues providing mixed signals. Investors will closely watch the outcome of corporate actions and any further institutional trading activity.
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