Trade Setup: Global Cues Mixed as Markets Eye Key Economic Data
By ScanX News Team
GIFT Nifty futures up 0.05% at 24,727.50, hinting at a mildly positive opening. US markets closed mixed, with Dow up 0.51% and NASDAQ down 0.17%. Asian markets show early gains, with Nikkei 225 up 0.87%. Crude oil dips 0.27%, while gold and silver futures rise. USD/INR at 85.64, down 0.03%. FIIs were net sellers, while DIIs were net buyers in the previous session. Key corporate actions include dividend payouts for L&T and Nuvama Wealth Management.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing mixed signals ahead of the Indian trading session, with investors closely watching key economic indicators and corporate earnings. The overall sentiment remains cautious as traders assess the latest developments in major economies.
GIFT Nifty Update
GIFT Nifty futures are trading at 24,727.50, up 0.05% or 13.50 points from the previous close. This suggests a mildly positive start for the NSE and BSE indices.
US Markets
US stock markets closed with mixed results in the previous session:
| Index | Change (%) | Close |
|---|---|---|
| Dow Jones Industrial Average | +0.51 | 42,540.64 |
| NASDAQ Composite | -0.17 | 19,598.00 |
Asian Markets
Asian markets are showing a positive trend in early trading:
| Index | Change (%) | Level |
|---|---|---|
| Nikkei 225 | +0.87 | 37,774.18 |
| Hang Seng Index | +0.53 | 23,636.60 |
Commodity Trends
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| WTI Crude Oil | 63.24 | -0.27 |
| Gold Futures | 3,394.50 | +0.52 |
| Silver Futures | 34.80 | +0.48 |
Currency Updates
The USD/INR pair is trading at 85.64, down 0.03%, indicating a slight strengthening of the rupee against the US dollar.
FII/DII Activity
| Investor Type | Net Activity | Amount (₹ Crore) |
|---|---|---|
| FIIs | Sellers | 2,853.83 |
| DIIs | Buyers | 5,907.97 |
Key Corporate Actions
Several companies have important events scheduled for today:
Dividend Payouts:
- Larsen & Toubro
- Nuvama Wealth Management
- Sunshield Chemicals
Extraordinary General Meetings:
- Vodafone Idea
- Evoq Remedies
Conclusion
As the markets open, traders will be closely monitoring global cues, economic data releases, and corporate actions. The mixed signals from global markets and ongoing FII selling may lead to some volatility in today's session.
