Trade Setup: Global Cues Mixed as Markets Eye Key Economic Data
By ScanX News Team
GIFT Nifty up 0.05% at 25,246.00, indicating a positive opening for Indian markets. US indices closed higher, with NASDAQ gaining 0.73%. Asian markets show mixed trends. Commodities mixed: WTI crude up 0.51%, gold down 0.85%. USD/INR at 85.606. FIIs and DIIs net buyers. Key corporate actions include NELCO's ex-dividend trading and Angel One's AGM.
*this image is generated using AI for illustrative purposes only.
Introduction
As markets prepare for the opening bell, global cues present a mixed picture, with key indices showing varied movements across regions. Investors are keeping a close watch on economic indicators and corporate actions that could shape today's trading session.
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 trading at 25,246.00, up 13.00 points or 0.05% from the previous close of 25,233.00.
US Markets
Wall Street ended the previous session on a positive note. The Dow Jones Industrial Average closed marginally higher at 42,782.77, while the tech-heavy NASDAQ Composite saw a more substantial gain of 0.73%, closing at 19,890.00. The S&P 500 futures are also showing strength, up 0.46% at 6,037.75.
Asian Markets
Asian markets are displaying mixed trends in early trade:
| Index | Change (%) | Value |
|---|---|---|
| Nikkei 225 | +0.92% | 38,437.29 |
| Hang Seng Index | +0.45% | 24,291.00 |
Other regional indices are showing varied movements.
Commodity Trends
In the commodities market:
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| WTI Crude | 65.62 | +0.51% |
| Gold Futures | 3,326.30 | -0.85% |
| Silver Futures | 36.57 | -0.61% |
Brent crude is also marginally higher.
Currency Updates
| Currency Pair | Rate | Change (%) |
|---|---|---|
| USD/INR | 85.606 | -0.04% |
| EUR/USD | 1.13933 | -0.26% |
FII/DII Activity
| Investor Type | Net Purchase (₹ Crore) |
|---|---|
| FIIs | 1,992.87 |
| DIIs | 3,503.79 |
Key Corporate Actions
Several companies have important events lined up for today:
- NELCO will trade ex-dividend for its final dividend.
- Angel One will hold its Annual General Meeting.
- Companies like Hindustan Adhesives, Simbhaoli Sugars, and KCK Industries are scheduled to announce their quarterly results.
- 7NR Retail will begin trading ex-rights for its 1:1 rights issue.
Conclusion
As the markets gear up for the opening bell, traders will be closely monitoring global cues, commodity trends, and corporate actions. The positive indication from GIFT Nifty suggests a potentially upbeat start for Indian equities, but investors should remain cautious given the mixed global scenario and upcoming economic data releases.
