Trade Setup: GIFT Nifty Flat, Global Cues Mixed Ahead of Key Results
By ScanX News Team
GIFT Nifty futures indicate a flat to slightly negative opening, trading at 24,730.00, down 0.02%. US markets closed marginally lower, while Asian markets show mixed trends. Crude oil is down 0.58% at $63.30/barrel, and gold is trading at $3,240.70/ounce, down 0.22%. USD/INR is at 85.06, down 0.22%. FIIs were net sellers, while DIIs were net buyers in the previous session. Key earnings from Cipla, Tata Motors, GAIL, Bharti Airtel, Hero MotoCorp, and Siemens are expected to influence market sentiment.
*this image is generated using AI for illustrative purposes only.
Market Overview
As traders prepare for the opening bell on May 14, 2025, global markets present a mixed picture, with domestic indices poised for a cautious start. Key earnings from major companies and ongoing global economic developments are likely to influence sentiment.
GIFT Nifty Update
The GIFT Nifty futures traded at 24,730.00, down 0.02% or 5.50 points from the previous close, indicating a flat to slightly negative opening for the domestic market.
US Markets
Overnight, Wall Street saw a muted session, with major indices closing marginally lower. The Dow Jones futures are currently trading at 42,147.50, up 0.02% or 7.10 points.
Asian Markets
Asian markets are showing mixed trends in early trade, as investors digest recent economic data and corporate earnings from the region.
Commodity Trends
In the commodities market:
| Commodity | Price | Change |
|---|---|---|
| Crude Oil (WTI) | $63.30 per barrel | -0.58% |
| Gold futures | $3,240.70 per ounce | -0.22% |
| Silver futures | $32.90 per ounce | -0.60% |
| Copper | $4.20 per pound | -0.06% |
Currency Updates
The USD/INR pair is trading at 85.06, down 0.22%, while the EUR/USD is at 1.1186, showing a slight decline of 0.03%.
FII/DII Activity
Foreign Institutional Investors (FIIs) were net sellers on May 13, offloading shares worth ₹476.86 crore. Domestic Institutional Investors (DIIs) were net buyers, purchasing shares valued at ₹4,273.80 crore.
Key Events to Watch
Several major companies are scheduled to announce their quarterly results today, including:
These earnings reports could significantly impact market sentiment and individual stock movements.
As the market opens, traders will be closely monitoring these factors along with any unexpected global developments that may influence trading patterns throughout the session.
