Trade Setup: Global Cues Mixed as Markets Eye Key Results and Corporate Actions
GIFT Nifty futures up 0.02% at 25,297.50, hinting at a flat to positive start. US markets closed higher, with Dow Jones up 1.14%. Asian markets showing strength, Nikkei 225 up 1.95%. Crude oil rises 0.31%, while gold and silver futures dip. USD/INR at 86.31. FIIs net sellers, DIIs net buyers. Focus on Q1 results from ACC, Bajaj Finance, Nestle India, and SBI Life Insurance.
*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 investors closely watching key corporate results and actions scheduled for the day.
GIFT Nifty Update
The GIFT Nifty futures trading at 25,297.50 points, up 0.02% from the previous close, suggest a flat to marginally positive start for the domestic indices.
US Markets
Overnight, Wall Street ended on a positive note. The Dow Jones Industrial Average closed 1.14% higher at 45,031.30, while the tech-heavy NASDAQ Composite gained 0.47% to finish at 21,336.50.
Asian Markets
Asian markets are showing strength in early trade. Japan's Nikkei 225 is up 1.95% at 41,972.51, while Hong Kong's Hang Seng Index has risen 0.31% to 25,617.15.
Commodity Trends
In the commodities market:
| Commodity | Price | Change |
|---|---|---|
| Crude Oil (WTI) | $65.45/barrel | +0.31% |
| Gold futures | $3,391.60/ounce | -0.18% |
| Silver futures | $39.37/ounce | -0.35% |
Currency Updates
The USD/INR pair is trading at 86.31, showing a slight uptick of 0.02% from its previous close.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹4,209.11 crore. Domestic Institutional Investors (DIIs), on the other hand, were net buyers, purchasing shares valued at ₹4,358.52 crore.
Key Corporate Actions
Several significant corporate actions are lined up:
Quarterly Results
ACC , Bajaj Finance , Nestle India , and SBI Life Insurance are among the major companies scheduled to announce their Q1 results.
Dividends
Notable dividend announcements include:
- Cholamandalam Investment : ₹0.70 per share
- Hero MotoCorp : ₹65.00 per share
- UTI AMC : ₹26.00 per share final and ₹22.00 per share special dividend
Annual General Meetings
Companies like Bajaj Finance , Mphasis , and Sobha will be holding their AGMs.
Conclusion
As the market opens, investors will be keenly watching the quarterly results of heavyweight companies and the impact of global cues on domestic indices. The mixed global sentiment and ongoing corporate actions are likely to keep the markets volatile in the near term.
15
