Trade Setup: Global Cues Mixed as Markets Eye Key Economic Data
By ScanX News Team
GIFT Nifty futures down 0.09% at 24,787.00, indicating a cautious opening. US markets closed lower, with Dow Jones down 0.10% and Nasdaq falling 0.44%. Asian markets mixed, with Nikkei and Hang Seng in red. Crude oil prices slightly down, while gold and silver futures show declines. FIIs and DIIs were net buyers in the previous session. Key corporate actions include AGMs for Tata Consumer Products and INOX India, and a rights issue for Capital Trust.
*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 actions.
GIFT Nifty Update
GIFT Nifty futures were trading at 24,787.00, down 22.00 points or 0.09% from the previous close, indicating a cautious start for the domestic markets.
US Markets
Wall Street ended lower in the previous session:
- The Dow Jones Industrial Average dropped 0.10% to 42,192.65
- The tech-heavy Nasdaq Composite fell 0.44% to close at 19,559.75
- S&P 500 futures were down 0.29% at 5,964.25
Asian Markets
Asian markets are trading mixed:
- Japan's Nikkei 225 was down 0.82% at 38,564.59
- Hong Kong's Hang Seng Index fell 1.14% to 23,439.22
Commodity Trends
Crude Oil
- WTI crude: $73.30 per barrel, down 0.27%
- Brent crude: Slightly down (exact figure not provided)
Precious Metals
- Gold futures: $3,393.00 per ounce, down 0.44%
- Silver futures: $36.71 per ounce, down 0.55%
Currency Updates
- EUR/USD: 1.14515, down 0.30%
- USD/INR: 86.391, relatively stable
FII/DII Activity
| Investor Type | Net Activity | Amount (₹ crore) |
|---|---|---|
| FIIs | Net buyers | 890.93 |
| DIIs | Net buyers | 1,091.34 |
Key Corporate Actions
Annual General Meetings (AGMs)
- Tata Consumer Products
- INOX India
- IndoStar Capital Finance
Ex-Dividend
- Sarla Performance Fibers
- eMudhra
Rights Issue
- Capital Trust (ratio 5:14)
Conclusion
As markets open, investors will be closely monitoring global cues, corporate actions, and key economic data releases for further direction. The mixed global sentiment and upcoming corporate events could lead to some volatility in today's session.
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