Trade Setup: Global Cues Mixed as Markets Eye Key Economic Data
By ScanX News Team
GIFT Nifty up 0.07% at 25,232.50, hinting at a flat to slightly positive start. US markets closed lower, with NASDAQ down 0.49%. Asian markets mixed, Nikkei and Hang Seng in red. Crude oil down 0.45%, gold up 1.49%. USD/INR trading at 85.42. FIIs remain net sellers, while DIIs continue buying. Key corporate actions and quarterly results in focus.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing mixed signals ahead of today's trading session, with investors closely watching key economic indicators and corporate actions.
GIFT Nifty Update
The GIFT Nifty is trading at 25,232.50, up 0.07% or 17.50 points from the previous close, indicating a potentially flat to slightly positive start for the NSE and BSE.
US Markets
US stocks closed lower in the previous session, with the NASDAQ Composite dropping 0.49% to 19,715.25 points. The Dow Jones Industrial Average remained relatively unchanged at 42,886.78.
Asian Markets
Asian markets are showing mixed trends:
| Index | Value | Change (%) |
|---|---|---|
| Nikkei 225 | 38,150.63 | -0.70 |
| Hang Seng | 24,234.94 | -0.54 |
Commodity Trends
| Commodity | Price | Change (%) |
|---|---|---|
| WTI Crude (bbl) | $67.84 | -0.45 |
| Gold (oz) | $3,393.50 | 1.49 |
| Silver (oz) | $36.47 | 0.58 |
Currency Updates
The USD/INR pair is trading slightly lower at 85.42, down 0.003% from the previous close.
FII/DII Activity
| Investor Type | Net Activity | Amount (₹ crore) |
|---|---|---|
| FIIs | Net Sellers | -446.31 |
| DIIs | Net Buyers | 1,584.87 |
Key Global Events
Investors should keep an eye on several corporate actions scheduled for today, including:
- Dividends
- Stock splits
- Quarterly results announcements for companies like Tata Elxsi, Murae Organisor Limited, and Cool Caps Industries
Conclusion
As markets open, traders will be closely monitoring global cues, commodity trends, and corporate actions. The mixed signals from global markets and ongoing FII selling could lead to some volatility in today's session.
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