Trade Setup for Today: Key Things to Know Before the Opening Bell on May 15, 2026
Indian markets likely to open lower with GIFT Nifty down 176 points at 23,689. While US markets posted gains (Dow +0.74%, NASDAQ +0.88%), Asian indices declined with Nikkei down 1.41%. Commodities under pressure with crude oil falling 2.87% and gold down 1.43%. Strong DII buying of ₹684 crores and positive FII flows of ₹187 crores provide support. Major block deals include Adani Enterprises (₹1,435 crores) amid ongoing US fraud case developments. USD/INR stable at 95.75.
*this image is generated using AI for illustrative purposes only.
Global markets are presenting a mixed picture as traders prepare for today's session, with commodity pressures weighing on sentiment while institutional activity shows interesting patterns. Here's what you need to know before the opening bell.
GIFT Nifty Update
SGX Nifty futures are trading at 23,689.00, down 176.00 points or 0.74% from the previous close of 23,865.00. This suggests a cautious start for domestic indices, with the opening likely to be in negative territory.
US Markets
Overnight, US markets delivered a positive performance that could provide some support to global sentiment:
| Index | Close | Change | Change % |
|---|---|---|---|
| Dow Jones | 50,084.45 | +370.24 | +0.74% |
| NASDAQ | 26,655.10 | +231.76 | +0.88% |
| S&P 500 (E-Mini) | 7,499.75 | -25.75 | -0.34% |
The Dow and NASDAQ posted solid gains, though the S&P 500 futures showed some weakness in after-hours trading.
Asian Markets
Asian indices are showing mixed signals this morning:
| Index | Level | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 61,771.09 | -882.96 | -1.41% |
| Hang Seng | 26,113.90 | -275.15 | -1.04% |
| FTSE 100 | 10,372.93 | +47.63 | +0.46% |
Japanese and Hong Kong markets are under pressure, while London shows resilience.
Commodity Trends
Commodity markets are experiencing significant volatility:
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Crude Oil (WTI) | 98.27 | -2.90 | -2.87% |
| Gold Futures | 4,618.20 | -67.10 | -1.43% |
| Silver Futures | 81.59 | -3.74 | -4.39% |
| Natural Gas | 2.94 | +0.05 | +1.59% |
| Copper | 6.41 | -0.21 | -3.10% |
Broad-based weakness across precious metals and industrial commodities may weigh on related sectors.
Currency Updates
The USD/INR pair remains stable at 95.75, showing no change from the previous session. The EUR/USD is trading at 1.17, down 0.16%.
FII/DII Activity
Institutional flows show contrasting patterns:
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| May 14, 2026 | +187.46 | +684.33 |
| May 13, 2026 | -4,703.15 | +5,869.05 |
| May 12, 2026 | -1,959.39 | +7,990.32 |
Domestic institutional investors continue their strong buying streak, while foreign investors have turned positive after recent selling.
Block Deals
Significant block deals were executed yesterday:
| Company | Seller | Buyer | Shares | Price (₹) |
|---|---|---|---|---|
| Adani Enterprises | GQG Partners Emerging Markets Equity Fund | SBI Mutual Fund | 58,92,423 | 2,435.60 |
| Jio Financial Services | Goldman Sachs Bank Europe SE | Morgan Stanley Asia Singapore | 26,75,853 | 231.45 |
| Embassy Office Parks REIT | Kotak Real Estate Fund X IFSC | Kotak India Commercial Real Estate Fund IFSC | 1,94,26,614 | 421.00 |
Latest Updates for Block Deal Stocks
Adani Enterprises: US agencies are reportedly aiming to conclude fraud cases against Gautam Adani, according to Bloomberg. The company's Rights Issue Committee approved Reminder Notices for unpaid calls, with a payment deadline of June 10, 2026. Additionally, Uber's CEO has announced a partnership with Adani Group to establish a data center in India.
Jio Financial Services: The company, along with Allianz Europe B.V., incorporated Jio Allianz General Insurance Limited on May 12, 2026, with Jio Financial holding a 50% stake for ₹4.95 crores.
Key Global Events
Traders should monitor ongoing developments in US-China trade relations and any updates from major central banks regarding monetary policy. The commodity weakness, particularly in crude oil and metals, suggests concerns about global economic growth.
Conclusion
Today's session may see a cautious start given the negative GIFT Nifty indication and mixed global cues. While US markets provided some positive momentum, weakness in Asian indices and commodities could weigh on sentiment. The strong DII buying and recent FII inflows provide some support, though traders should watch for any developments related to the major block deal stocks, particularly Adani Enterprises given the ongoing legal developments.
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