Trade Setup for Today: Global Cues Mixed as Markets Eye Key Results on May 9, 2025
By ScanX News Team
GIFT Nifty up 0.40% at 23,981.00, indicating a firm opening. US futures steady, Asian markets mixed. Crude oil rises 0.45%, gold and silver dip. USD/INR at 85.90, up 0.48%. FIIs net buyers, DIIs net sellers. Key corporate results due from Asian Paints, Titan, L&T, among others. Traders to balance positive global sentiment against domestic factors.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on May 9, 2025, global markets present a mixed picture, with key domestic factors likely to influence sentiment. The GIFT Nifty suggests a positive start for Indian equities, while investors await a slew of important quarterly results.
GIFT Nifty Update
The GIFT Nifty is trading at 23,981.00, up 96 points or 0.40% from the previous close, indicating a firm opening for the NSE and BSE.
US Markets
Overnight, US markets showed resilience. The Dow Jones futures are up 0.08% at 41,400.00, pointing to a steady start for Wall Street later today.
Asian Markets
Asian markets are exhibiting mixed trends in early trade, with investors cautiously optimistic amid ongoing global economic uncertainties.
Commodity Trends
| Commodity | Price | Change |
|---|---|---|
| WTI Crude Oil | $60.18 / barrel | +0.45% |
| Gold Futures | $3,287.60 / oz | -0.56% |
| Silver Futures | $32.45 / oz | -0.53% |
Currency Updates
The USD/INR pair is trading at 85.90, up 0.48%, reflecting some pressure on the rupee against the dollar.
FII/DII Activity
| Investor Type | Action | Amount (₹ Crore) |
|---|---|---|
| FIIs | Net Buyers | 2,007.96 |
| DIIs | Net Sellers | 596.25 |
Key Corporate Actions
Several major companies are slated to announce their quarterly results today, including:
Investors will closely watch these results for cues on corporate performance and economic health.
Conclusion
As the market opens, traders will be balancing positive global cues against domestic factors. The focus will be on corporate earnings, FII flows , and global economic indicators. With a busy day ahead in terms of corporate actions and economic data, volatility could be expected across sectors.
