Global Cues Set Positive Tone for Markets Ahead of Key Earnings
By ScanX News Team
GIFT Nifty indicates a flat to slightly negative opening for Indian indices. US markets closed positive, with tech stocks leading gains. Asian markets are mixed in early trade. Crude oil prices edged lower, while gold rose. The rupee opened slightly weaker against the USD. FIIs and DIIs were net buyers in the previous session. Key earnings from ITC, Sun Pharma, Grasim, and Container Corp to watch today.
*this image is generated using AI for illustrative purposes only.
As traders prepare for the opening bell on 22 May 2025, global trends and domestic factors paint an intriguing picture for the day ahead. Here's what you need to know before the markets open:
GIFT Nifty Update
GIFT Nifty futures were trading at 24,752.00, down 10.50 points or 0.04% from the previous close, indicating a flat to slightly negative start for domestic indices.
US Markets
Wall Street ended on a positive note overnight. The Dow Jones Industrial Average gained 0.03%, while the S&P 500 and Nasdaq Composite closed 0.34% and 2.00% higher, respectively. Investors cheered better-than-expected earnings from major tech companies.
Asian Markets
Asian markets are trading mixed in early hours. Japan's Nikkei 225 and South Korea's Kospi are up marginally, while Hong Kong's Hang Seng and China's Shanghai Composite are trading slightly lower.
Commodity Trends
Crude oil prices edged lower, with WTI crude trading at $61.49 per barrel, down 0.13%. Brent crude was at $61.49, showing a similar decline. Gold futures rose 0.96% to $3,345.30 per ounce, while silver futures gained 0.43% to $33.79 per ounce.
Currency Updates
The Indian rupee opened slightly weaker against the US dollar. The USD/INR pair was last trading at 85.57, up 0.001 or 0.00%.
FII/DII Activity
Foreign Institutional Investors (FIIs) buy shares worth ₹2,201.79 crore. Domestic Institutional Investors (DIIs) also remained net positive, buying shares worth ₹683.77 crore.
Key Events to Watch
Several major companies are slated to announce their Q4 results today, including ITC , Sun Pharmaceutical Industries , Grasim Industries , and Container Corporation of India . Investors will closely monitor these earnings for cues on corporate performance and economic recovery.
As the markets open, traders will be weighing these global and domestic factors. While the overall sentiment appears cautiously optimistic, individual stock movements may be influenced by specific earnings reports and sector-related news.
| Company | Previous Close (₹) | LTP (₹) | Change (%) |
|---|---|---|---|
| ITC | 430.65 | 433.00 | -0.44 |
| Sun Pharma | 1744.85 | 1731.80 | 1.41 |
| Grasim | 2697.85 | 2706.90 | -0.51 |
| Container Corp | 713.50 | 731.55 | 0.63 |
With a mix of global cues and crucial earnings on the horizon, market participants should brace for potential volatility as the day unfolds.
