Trade Setup: Global Cues Mixed as Markets Eye Key Economic Data
GIFT Nifty futures down 0.06%, indicating a flat to slightly negative start. US markets closed positively, with Dow up 0.17%. Asian markets mixed: Nikkei up 1.59%, Hang Seng down 0.69%. Oil prices edge higher, gold continues upward trend. FIIs remain net sellers (-₹1,605.20 crore), while DIIs continue buying (+₹2,916.14 crore). Manufacturing PMI data releases expected to influence market sentiment.
*this image is generated using AI for illustrative purposes only.
Introduction
As markets prepare for the opening bell, global cues present a mixed picture. Investors are closely watching key economic indicators and corporate actions that could shape today's trading session.
GIFT Nifty Update
GIFT Nifty futures traded at 24,928.00, down 0.06% from the previous close, indicating a potentially flat to slightly negative start for the domestic indices.
US Markets
Wall Street ended the previous session on a positive note:
| Index | Change | Closing Price |
|---|---|---|
| Dow Jones | +0.17% | 46,540.73 |
| NASDAQ | +0.19% | 23,078.75 |
| S&P 500 E-Mini Futures | +0.13% | 6,775.50 |
Asian Markets
Asian markets showed mixed trends in early trading:
| Index | Change | Current Level |
|---|---|---|
| Nikkei 225 | +1.59% | 45,650.93 |
| Hang Seng | -0.69% | 27,098.00 |
Commodity Trends
Oil prices edged higher, while gold continued its upward trajectory:
- Crude Oil (WTI): $60.72 per barrel, up 0.40%
- Gold: $3,880.70 per ounce, up 0.33%
- Silver: $46.81 per ounce, up 0.95%
- Copper: $4.20 per pound, down 0.06%
Currency Updates
The US Dollar showed slight weakness against major currencies:
- EUR/USD: 1.17224, up 0.02%
- USD/INR: 88.72, up 0.05%
FII/DII Activity
Foreign Institutional Investors (FIIs) remained net sellers, while Domestic Institutional Investors (DIIs) continued their buying streak:
| Investor Type | Net Activity |
|---|---|
| FII/FPI | -₹1,605.20 crore |
| DII | +₹2,916.14 crore |
Block Deals
Notable block deals:
| Stock | Buyer | Seller | Quantity | Price |
|---|---|---|---|---|
| ETERNAL | BOFA SECURITIES EUROPE SA | GOLDMAN SACHS BANK EUROPE SE - ODI | 8,200,000 | ₹325.50 |
Key Global Events
Investors should watch for the release of manufacturing PMI data from major economies, which could influence market sentiment.
Conclusion
As the markets open, traders will be closely monitoring global cues, corporate actions, and economic data releases. The mixed signals from global markets and ongoing FII selling may lead to some volatility in today's session.
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