Trade Setup: Global Cues Mixed as Markets Eye Key Earnings
By ScanX News Team
GIFT Nifty futures up 0.25%, indicating a positive opening. Wall Street rallied overnight with Dow futures up 1.09%. Crude oil strengthened while gold and silver retreated. USD/INR at 85.24, up 0.11%. FIIs were net buyers, while DIIs net sellers. HCL Technologies, M&M Financial Services among key earnings to watch. Rane group companies' merger record date set.
*this image is generated using AI for illustrative purposes only.
Pre-Market Sentiment
As traders gear up for the opening bell on April 23, 2025, global cues present a mixed picture, with key earnings announcements set to drive market sentiment.
GIFT Nifty Update
GIFT Nifty futures traded at 24,370.00, up 0.25% or 61.50 points from the previous close, indicating a positive start for the cash market.
US Markets
Overnight, Wall Street saw a strong rally, with the Dow Jones Industrial Average futures up 1.09% or 427 points. This positive momentum could influence early trades.
Commodity Trends
Crude oil prices showed strength, with WTI crude trading at $64.09 per barrel, up 0.66%. Gold futures retreated 1.12% to $3,381.00 per ounce, while silver futures dipped 0.47% to $32.75 per ounce.
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| Crude Oil | 64.09 | +0.66 |
| Gold | 3,381.00 | -1.12 |
| Silver | 32.75 | -0.47 |
Currency Updates
The USD/INR pair was trading at 85.24, up 0.11% from the previous close, indicating a slight weakening of the rupee against the dollar.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers on April 22, purchasing shares worth ₹1,290.43 crore. Domestic Institutional Investors (DIIs), however, were net sellers, offloading shares worth ₹885.63 crore.
| Investor Type | Net Buy/Sell (₹ Crore) |
|---|---|
| FII | +1,290.43 |
| DII | -885.63 |
Key Earnings to Watch
Several major companies are slated to announce their quarterly results today, including:
- HCL Technologies
- Mahindra & Mahindra Financial Services
- AU Small Finance Bank
- Tata Communications
- Havells India
Corporate Actions
Rane (Madras) Limited has set the record date for its merger with Rane Engine Valve Limited and Rane Brake Lining Limited. Shareholders should note the share swap ratios announced for this corporate action.
As the market prepares to open, these factors are likely to influence trading patterns and investor sentiment throughout the session.
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