Pre-Market Setup: Global Cues Set Stage for a Strong Opening
By ScanX News Team
Global cues point to a positive opening for Indian markets on May 12, 2025. GIFT Nifty futures are up 2.92% at 24,785.00. US markets closed higher, with Dow Jones futures up 1.07%. Asian markets show mixed trends. Crude oil prices are rising, while gold has corrected slightly. The USD/INR pair is down 0.79% at 84.69. FIIs were net sellers on May 9, while DIIs were net buyers. Key companies like Tata Steel and UPL are set to announce quarterly results.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders gear up for the opening bell on May 12, 2025, global cues point towards a positive start for the Indian markets. The GIFT Nifty futures indicate a robust opening, while US markets closed higher overnight and Asian markets show mixed trends.
GIFT Nifty Update
GIFT Nifty futures are trading at 24,785.00, up 703.00 points or 2.92% from the previous close. This suggests a strong gap-up opening for the benchmark indices.
US Markets
Wall Street ended on a positive note, with the Dow Jones Industrial Average futures up 442.00 points or 1.07%. The S&P 500 E-mini futures also gained 82.00 points or 1.44%, closing at 5,760.00.
Asian Markets
Asian markets are showing mixed trends in early trade. While specific data for key indices like Nikkei, Hang Seng, and Shanghai Composite is not provided, the overall sentiment appears cautiously optimistic.
Commodity Trends
Oil
Crude oil prices are showing an uptick, with WTI crude trading at $61.43 per barrel, up 0.67%. Brent crude prices are not explicitly mentioned but are likely following a similar trend.
Precious Metals
Gold prices have seen a slight correction, trading at $3,278.80 per ounce, down 1.95%. Silver is trading marginally higher at $33.01 per ounce, up 0.28%.
Natural Gas
Natural gas prices have dipped, trading at $3.73 per MMBtu, down 1.82%.
Currency Updates
The USD/INR pair is trading at 84.69, down 0.79% from the previous close. The Euro is slightly weaker against the dollar, with EUR/USD trading at 1.12, down 0.27%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers on May 9, 2025, offloading shares worth ₹3,798.71 crore. Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹7,277.74 crore.
| Category | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 11,482.61 | 15,281.32 | -3,798.71 |
| DII | 15,547.15 | 8,269.41 | 7,277.74 |
Key Corporate Actions
Several companies are scheduled to announce their quarterly results today, including Tata Steel, UPL, SRF, Raymond, and PVR Inox. Traders should keep an eye on these stocks for potential volatility.
As the markets prepare to open, investors will be closely watching global cues and domestic factors to gauge the day's trading sentiment.
