Trade Setup: Global Cues Mixed as Markets Eye Key Earnings
By ScanX News Team
GIFT Nifty futures up 0.12% at 24,258.50, indicating a slightly positive opening. US markets closed lower, with Dow futures down 0.36%. Asian markets mixed in early trade. WTI Crude at $62.93/barrel, down 0.14%. USD/INR at 85.37, up 0.01%. FIIs and DIIs were net buyers on April 25. Key earnings from UltraTech Cement, HCL Technologies, TVS Motor, and IDBI Bank to watch.
*this image is generated using AI for illustrative purposes only.
Pre-Market Overview
As traders prepare for the opening bell on April 28, 2025, global markets present a mixed picture, setting the stage for a potentially volatile session ahead.
GIFT Nifty Update
GIFT Nifty futures are trading at 24,258.50, up 0.12% or 29.50 points from the previous close. This suggests a marginally positive start for the domestic indices.
US Markets
Overnight, US markets closed lower, with the Dow Jones futures currently down 0.36% at 39,967.50. This weakness in US equities could potentially weigh on sentiment.
Asian Markets
Asian markets are showing mixed trends in early trade, as investors digest global cues and await key corporate earnings.
Commodity Trends
Oil and Precious Metals
| Commodity | Price | Change |
|---|---|---|
| WTI Crude Oil | $62.93 / barrel | -0.14% |
| Gold Futures | $3,284.10 / oz | -0.43% |
| Silver Futures | $32.66 / oz | -1.08% |
Currency Updates
The USD/INR pair is trading at 85.37, marginally higher by 0.01%, indicating a slight weakening of the rupee against the dollar.
FII/DII Activity
| Investor Type | Net Buying (₹ Crore) |
|---|---|
| FIIs | 2,952.33 |
| DIIs | 3,539.85 |
Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were net buyers on April 25, 2025.
Key Events to Watch
Several major companies are scheduled to announce their quarterly results today, including:
HCL Technologies has also declared an interim dividend of ₹18 per share.
The market will be closely watching these earnings reports for cues on corporate performance and economic health. Additionally, multiple companies are holding their Extraordinary General Meetings (EGMs) today, which could lead to important corporate announcements.
Conclusion
As the session begins, traders should remain cautious and watch for stock-specific actions based on earnings and corporate developments.
