🇮🇳 Indian Markets
Opening Outlook: Indian equities are poised for a positive start today. GIFT Nifty futures were trading around 24,922, indicating a potential gain of approximately 40 points over Friday’s Nifty 50 close of 24,853.15 .(mint)
Friday’s Performance:
- Sensex: +769.09 points (+0.95%) to 81,721.08
- Nifty 50: +243.45 points (+0.99%) to 24,853.15(@EconomicTimes, mint)
Key Drivers:
- Strong buying in IT and FMCG sectors
- Easing global trade tensions after U.S. President Trump delayed new tariffs on EU imports
- Foreign portfolio inflows totaling $1.64 billion in May, with $211.14 million added on Friday (@EconomicTimes, Reuters)
Technical Levels:
- Nifty 50: Immediate support at 24,500; resistance at 25,200. A move above 25,200 could push the index toward 25,600 .(@EconomicTimes)
🌐 Global Markets
U.S. Markets: Closed today for Memorial Day.(@EconomicTimes)
Friday’s Performance:
- Dow Jones: −256.02 points (−0.61%) to 41,603.07
- S&P 500: −39.19 points (−0.67%) to 5,802.82
- Nasdaq: −188.53 points (−1.00%) to 18,737.21 (mint)
Asia-Pacific Markets:
- Nikkei 225: +0.49%
- Topix: +0.45%
- Kospi: +0.55%
- Kosdaq: +0.95% (mint)
Key Factors:
- Positive sentiment following the delay in U.S. tariffs on EU goods
- Anticipation of Nvidia’s earnings report, which could influence tech stocks (Reuters, Reuters)
🛢️ Commodities
- Gold: Spot prices declined 0.5% to $3,339.13 per ounce
- Oil: Prices rose amid improved global sentiment (mint)
📈 Stocks to Watch
- Apollo Hospitals: Breakout from a continuation symmetrical pattern suggests potential gains
- JSW Steel: Reported lower-than-expected Q4 profits due to weak steel prices
- Bharti Telemedia: Supreme Court dismissed its appeal on entertainment tax
- Linde India: Posted a 12.3% increase in net profit for the March quarter (Business Standard, Reuters)
Disclaimer: This is general information only and not financial advice. For personal guidance, please talk to a licensed professional.
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