Trade Setup: Global Cues Mixed as Markets Eye Key Economic Data
By ScanX News Team
GIFT Nifty up 0.05% at 25,170, indicating a mildly bullish opening for Indian markets. US markets closed mixed, with Dow up 1.05% but Nasdaq down 0.26%. Asian markets show resilience, with Nikkei and Hang Seng up. Commodities mixed, with gold down 0.78% and silver up 0.10%. USD strengthens against major currencies. FIIs and DIIs were net buyers in the Indian market. Traders should remain cautious amid mixed global signals.
*this image is generated using AI for illustrative purposes only.
Introduction
As we kick off the trading week, global markets present a mixed picture, with investors closely monitoring key economic indicators and geopolitical developments.
GIFT Nifty Update
The GIFT Nifty futures trading on the NSE International Exchange are indicating a positive start for the Indian markets. As of the latest data, GIFT Nifty is up 12 points or 0.05% at 25,170.00, suggesting a mildly bullish opening for domestic indices.
US Markets
Wall Street ended the previous session on a mixed note. The Dow Jones Industrial Average gained 1.05%, adding 443.12 points to close at 42,783.86. However, the tech-heavy Nasdaq Composite dipped 0.26%, shedding 51.75 points to finish at 19,662.75.
Asian Markets
Asian markets are showing resilience in early trade:
| Index | Change (%) | Change (Points) | Current Level |
|---|---|---|---|
| Nikkei 225 | +0.93 | +350.73 | 38,092.34 |
| Hang Seng Index | +1.54 | +366.14 | 24,158.69 |
Commodity Trends
In the commodities market:
| Commodity | Price | Change (%) |
|---|---|---|
| WTI Crude | $64.55 | -0.05 |
| Gold Futures | $3,320.60 | -0.78 |
| Silver Futures | $36.18 | +0.10 |
Currency Updates
The US Dollar is showing strength against major currencies:
| Currency Pair | Rate | Change (%) |
|---|---|---|
| EUR/USD | 1.14235 | +0.24 |
| USD/INR | 85.745 | +0.01 |
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers in the Indian market, purchasing shares worth ₹1,009.71 crore. Domestic Institutional Investors (DIIs) were also bullish, with net buying of ₹9,342.48 crore.
Key Global Events
Investors will be closely watching for any developments in global trade negotiations and central bank policy decisions throughout the week.
Conclusion
As the markets open, traders should remain vigilant of global cues and domestic economic indicators that could influence market sentiment. The positive GIFT Nifty suggests a potentially upbeat start for Indian indices, but global mixed signals warrant cautious optimism.
