Global Cues Set Positive Tone as Markets Eye Key Earnings

1 min read     Updated on 29 May 2025, 08:01 AM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Indian markets are poised for a positive opening, buoyed by strong overnight gains in US equities and firm Asian markets. GIFT Nifty futures are up 0.35%, indicating a gap-up start. Wall Street ended on a strong note with Nasdaq surging 2.14%. Asian indices are trading mostly higher, led by Nikkei 225 up 1.58%. Crude oil prices have risen, while gold has dipped. The rupee closed at 85.37 against the USD. FIIs and DIIs showed strong buying activity in the previous session. Investors await quarterly results from several companies and will monitor global economic data releases.

10031491

*this image is generated using AI for illustrative purposes only.

Pre-Market Setup: Global Trends Point to Positive Start

As traders gear up for another session, global cues suggest a positive opening for the markets. Overnight gains in US equities and firm Asian markets are likely to boost sentiment, while investors await a slew of quarterly results from major companies.

GIFT Nifty Update

GIFT Nifty futures traded at 24,835.50, up 0.35% or 87 points, indicating a gap-up start for the cash market.

US Markets

Wall Street ended on a strong note:

Index Closing Value Change (%)
Nasdaq Composite 19,717.75 2.14%
S&P 500 5,998.00 1.61%
Dow Jones Industrial Average 42,119.70 1.37%

Asian Markets

Asian indices were trading mostly higher:

Index Value Change (%)
Nikkei 225 38,319.15 1.58%
Hang Seng 23,351.67 0.40%

Commodity Trends

Commodity Price Change (%)
WTI Crude ($/bbl) 62.64 1.29%
Brent Crude ($/bbl) 62.64 1.29%
Gold ($/oz) 3,261.90 -1.00%
Silver ($/oz) 33.21 0.14%
Natural Gas ($/MMBtu) 3.19 -0.34%

Currency Updates

The rupee closed at 85.37 against the US dollar in the previous session.

FII/DII Activity

Investor Type Net Purchase (₹ crore)
FIIs 4,662.92
DIIs 7,911.99

Key Events to Watch

Investors will closely monitor quarterly results from several companies including Balaji Amines, Granules India, Dish TV India, Hinduja Global Solutions, and others scheduled to report their earnings today.

The markets will also keep an eye on global economic data releases and any geopolitical developments that could impact sentiment.

like18
dislike
Explore Other Articles
Diffusion Engineers Expands Global Footprint with New UAE Subsidiary 7 minutes ago
ITC Hotels Reports Improved Q1 Financial Performance with 53.4% Surge in Profit 8 minutes ago
Mic Electronics Secures Railway Contract and Obtains BIS Certification 1 hour ago
Premier Explosives Secures ₹105 Crore Export Order for Defence Explosives 2 hours ago