Trade Setup for Today: Key Trends Shaping the Session on 23 May, 2025
By ScanX News Team
GIFT Nifty futures up 9 points at 24,694, indicating a slightly positive opening. US markets closed with marginal gains, while Asian markets show mixed trends. Oil prices down, with WTI Crude at $60.72. Gold steady at $3,295 per ounce. USD/INR at 85.96. FIIs were net sellers of ₹5,045.36 crore, while DIIs net bought ₹3,715 crore. Investors await global trade updates and central bank statements.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing mixed signals as investors digest various economic indicators and corporate earnings reports. This sets a cautious tone for today's trading session.
GIFT Nifty Update
GIFT Nifty futures are trading at 24,694.00, up 9.00 points from the previous close, indicating a slightly positive start for the domestic markets.
US Markets
Wall Street ended with marginal gains in the last session. The Dow Jones Industrial Average closed at 41,880.08, down 1.36 points. The S&P 500 futures are trading at 5,865.00, up 0.14%, while the Nasdaq Composite finished at 19,116.25, up 0.07%.
Asian Markets
Asian markets are showing mixed trends:
| Index | Value | Change (%) |
|---|---|---|
| Nikkei 225 | 37,274.02 | 0.78% |
| Hang Seng | 23,619.27 | 0.32% |
Commodity Trends
Oil
- WTI Crude: $60.72 per barrel, down 0.78%
- Brent Crude: $60.72 per barrel.
Precious Metals
- Gold Futures: $3,295.00 per ounce
- Silver Futures: $33.26 per ounce, up slightly
Currency Updates
The US Dollar/Indian Rupee exchange rate is at 85.96, showing a slight increase of 0.01%.
FII/DII Activity
| Investor Type | Action | Amount (₹ Crore) |
|---|---|---|
| FIIs | Net Sellers | 5,045.36 |
| DIIs | Net Buyers | 3,715.00 |
Key Global Events
Investors will be closely watching for any developments in global trade negotiations and central bank policy statements that could impact market sentiment.
Conclusion
As markets open, traders should remain vigilant of global cues and domestic factors that could influence today's session. The slightly positive GIFT Nifty indication suggests a cautious start, but volatility may persist throughout the day.
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