Mixed Global Cues Ahead of Trading Session: GIFT Nifty Gains, Commodities Show Varied Performance

The global markets are presenting a mixed picture as traders prepare for the day's session. The GIFT Nifty futures are trading at 24,378.50, up 70 points or 0.29% from the previous close of 24,308.50.

US markets provided positive cues with the Dow Jones surging 0.98%, while NASDAQ gained 0.41%. However, Asian markets showed mixed signals with Hang Seng declining 1.85% and Nikkei remaining flat.

Commodities displayed varied performance, with gold strengthening 0.65% and crude oil dropping 1.78%. Domestic institutional investors supported the market with net buying of ₹2,124 crores, offsetting FII selling of ₹543 crores.