Trade Setup: Global Cues Set Positive Tone for Today's Session
GIFT Nifty up 0.39% at 25,311.50, indicating a positive opening for Indian markets. US indices closed with substantial gains, with NASDAQ up 2%. Asian markets show mixed trends. Crude oil rises 1.75% to $59.93, while gold and silver see significant gains. USD/INR stable at 88.73. FIIs and DIIs show net buying activity. Aptus Value Housing Finance sees major stake changes and projects strong growth.
*this image is generated using AI for illustrative purposes only.
Market Overview
As we approach the opening bell, global cues paint a positive picture for today's trading session. The GIFT Nifty suggests a strong start, while US markets closed with significant gains. Asian markets show mixed trends, and commodities display interesting movements.
GIFT Nifty Update
The GIFT Nifty is trading at 25,311.50, up 99 points or 0.39% from the previous close. This indicates a potentially positive opening for the domestic indices.
US Markets
US stock indices closed with substantial gains:
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Dow Jones | 45,500.61 | -878.82 | -1.89% |
| NASDAQ | 22,769.00 | 447.00 | 2.00% |
Asian Markets
Asian markets show mixed trends:
| Index | Current Price | Change | % Change |
|---|---|---|---|
| Nikkei 225 | 48,088.80 | -491.64 | -1.01% |
| Hang Seng | 25,790.41 | -499.92 | -1.90% |
Commodity Trends
Key commodities are showing interesting movements:
| Commodity | Price (USD) | Change | % Change |
|---|---|---|---|
| Crude Oil | 59.93 | 1.03 | 1.75% |
| Gold | 4,067.50 | 67.10 | 1.68% |
| Silver | 48.87 | 1.62 | 3.42% |
| Natural Gas | 3.13 | 0.03 | 0.90% |
Currency Updates
The USD/INR pair is trading at 88.73, remaining unchanged from its previous close.
FII/DII Activity
Recent institutional activity shows:
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 10,236.07 | 9,776.87 | 459.20 |
| DII | 12,760.06 | 11,052.23 | 1,707.83 |
Block Deals
A significant block deal was reported:
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Aptus Value Housing Finance | WF ASIAN RECONNAISSANCE FUND LIMITED | WF ASIAN SMALLER COMPANIES FUND LIMITED | 19,296,160 | 309.50 |
Latest Update for Aptus Value Housing Finance
- WestBridge Crossover Fund, LLC has fully exited its 16.19% stake in the company.
- A block trade worth ₹673.52 crores was completed on the NSE.
- The company projects 20-22% near-term lending growth and 29% year-on-year growth over the next 2-3 years.
- Q1 consolidated net profit increased to ₹2.2 billion from ₹1.7 billion year-over-year.
- Asset quality showed some deterioration with GNPA rising to 1.34% from 1.18% QoQ.
Key Corporate Actions
Several companies have announced quarterly results and other corporate actions:
| Company | Action Type |
|---|---|
| HCL Technologies | Quarterly Result |
| Just Dial | Quarterly Result |
| Univastu | 2:1 Bonus Issue |
| Suraj Industries | Rights Issue (21:13) |
Conclusion
The market appears poised for a positive start, supported by strong global cues and institutional buying. Investors should keep an eye on key result announcements and corporate actions while monitoring global trends and commodity movements.
18
