Trade Setup for Today: Global Cues Mixed as Markets Eye Key Economic Data
By ScanX News Team
GIFT Nifty futures down 0.22%, indicating a slightly negative opening for Indian indices. US futures edge lower, while Asian markets show mixed trends. Crude oil retreats with WTI down 1.92%. FIIs and DIIs were net buyers on May 14. Key corporate results and rights issues in focus as markets await crucial economic data releases.
*this image is generated using AI for illustrative purposes only.
Pre-Market Sentiment
As traders prepare for the opening bell on May 15, 2025, global markets present a mixed picture, with key economic data releases on the horizon potentially shaping market sentiment.
GIFT Nifty Update
GIFT Nifty futures were trading at 24,713.50, down 0.22% or 54 points from the previous close, indicating a slightly negative start for the domestic indices.
US Markets
Overnight, Wall Street ended on a subdued note. The E-Mini S&P 500 futures were down 0.21% at 5,896.00, suggesting caution among investors ahead of crucial economic data.
Asian Markets
Asian markets are exhibiting a mixed trend in early trade, as investors digest global cues and await key economic indicators.
Commodity Trends
Crude oil prices retreated, with WTI crude trading at $61.94 per barrel, down 1.92%. Brent crude also saw a decline. Gold futures held steady at $3,176.00 per ounce, while silver futures were trading at $32.24 per ounce.
| Commodity | Price (USD) | Change (%) |
|---|---|---|
| WTI Crude | 61.94 | -1.92% |
| Gold | 3,176.00 | -0.39% |
| Silver | 32.24 | -0.64% |
Currency Updates
The USD/INR pair was trading at 85.33, showing a marginal decline of 0.06%. The EUR/USD pair was at 1.1191, up by 0.13%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net buyers on May 14, purchasing shares worth ₹931.80 crore. Domestic Institutional Investors (DIIs) also remained positive, with net buying of ₹316.31 crore.
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII | 14,861.07 | 13,929.27 | 931.80 |
| DII | 13,602.99 | 13,286.68 | 316.31 |
Key Events to Watch
Traders should keep an eye on several significant corporate actions scheduled for today, including quarterly results announcements from major companies like Lupin, Eicher Motors, and Jubilant FoodWorks. Additionally, M&M Financial Services and Dollex Agrotech have announced rights issues.
As the markets open, investors will be closely monitoring these factors along with any unexpected global developments that could influence trading sentiment.
