Trade Setup: Global Cues Mixed as Markets Eye Key Earnings and Economic Data
By ScanX News Team
GIFT Nifty futures down 0.11%, indicating a slightly negative opening. US futures muted, Asian markets mixed. Crude oil dips 0.32%, gold up 0.15%. USD/INR at 84.86. FIIs and DIIs were net buyers on May 12. Key earnings from Tata Steel, UPL, and others in focus.
*this image is generated using AI for illustrative purposes only.
As traders prepare for the opening bell on May 13, 2025, global markets present a mixed picture, with key earnings reports and economic data in focus. Here's what you need to know before the market opens:
GIFT Nifty Update
GIFT Nifty futures were trading at 24,919.50, down 0.11% or 28.50 points, indicating a slightly negative start for the domestic indices.
US Markets
Overnight, US stock futures showed a muted performance. Dow futures were trading at 42,336.00, down 0.17% or 74.10 points. The S&P 500 futures (E-Mini) were at 5,851.00, lower by 0.24% or 14.00 points.
Asian Markets
Asian markets are showing mixed trends in early trade, with investors cautiously watching global cues and awaiting key economic data releases.
Commodity Trends
| Commodity | Price | Change |
|---|---|---|
| Crude Oil | $61.75 per barrel | -0.32% |
| Gold | $3,232.90 per ounce | +0.15% |
| Silver | $32.89 per ounce | +0.82% |
| Copper | $4.20 per pound | -0.06% |
Currency Updates
The USD/INR pair was trading at 84.86, up 0.02%, while the EUR/USD was at 1.1101, up 0.08%.
FII/DII Activity
- Foreign Institutional Investors (FIIs) were net buyers, purchasing shares worth ₹1,246.48 crore on May 12, 2025.
- Domestic Institutional Investors (DIIs) were also net buyers, with purchases of ₹1,448.37 crore on the same day.
Key Corporate Actions
Several companies are scheduled to announce their quarterly results today, including Tata Steel, UPL, SRF, Raymond, and PVR Inox. Investors will be closely watching these results for cues on corporate performance and economic health.
As the market opens, traders will be weighing these global and domestic factors, with a particular focus on earnings reports and any potential shifts in monetary policy expectations.
