The benchmark Sensex and Nifty indices are expected to open flat to negative on May 28, following GIFT Nifty trends indicating a loss of 14 points for the broader index.
The record run continued on Dalal Street with benchmark indices hitting fresh all-time highs led by buying seen in the realty, banking and Information Technology stocks. However, the last hour selling erased all the day's gains.
At close, the Sensex was down 19.89 points or 0.03 percent at 75,390.50, and the Nifty was down 24.65 points or 0.11 percent at 22,932.45.
Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for today.
GIFT Nifty (Flat)
The GIFT Nifty is trading 14 points lower compared to the Nifty 50 close on May 27 , indicating a flat opening for the day. Nifty futures were trading at 23,018 at 06:50 AM IST.
Asian Equities (Mixed)
Asian markets were range-bound on Tuesday as investors assessed comments from the European Central Bank officials signaling that rate cuts may be on the horizon for the world’s largest economic bloc.
At 06:50 AM IST, Asian indices were trading as follows:
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | -0.11 | 1.42 | 4.3 |
| Topix | - 0.02 | 1.13 | 5 |
| Hang Seng | |||
| Taiwan | 0.53 | 8.48 | 16.11 |
| Kospi | 0.06 | 2.33 | -2.8 |
US markets remained shut on account of holiday for Memorial Day.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | - | 3 | 3.57 |
| S&P500 | - | 5 | 11.12 |
| Nasdaq | - | 7.68 | 12.6 |
The US 10-year Treasury yields were trading flat, while US 2 year bond yield was down at 4.93%.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.46 | 4.67 | 3.87 |
| US 2-Year Treasury | 4.93 | 5.03 | 4.25 |
The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. At 06.50 IST, Dollar Index was trading as follows
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 104.54 | 106.22 | 101.33 |
Asian currencies were trading mixed against the US dollar in today's trade. Over the past month, the performance of Asian currencies was mixed, while, year-to-date, all Asian currencies have weakened, with a loss between 2-10 percent. At 06.50 IST, Asian currencies were trading as follows.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.479 | 1.13 | -4.18 |
| South Korean Won | 0.204 | 1.23 | -5.14 |
| Taiwan Dollar | 0.059 | 1.31 | -4.88 |
| Thai Baht | -0.016 | 1.18 | -6.32 |
| Japanese Yen | 0.051 | -0.28 | -10 |
| Philippines Peso | 0.257 | -0.47 | -4.46 |
| Singapore Dollar | 0.096 | 0.86 | -2 |
| Malaysian Ringgit | 0.13 | 1.64 | -2 |
| China Renminbi | -0.008 | -0.22 | -2 |
Gold prices were trading flat, while Silver prices gained nearly 0.5 percent in early trade on Tuesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.02 | 2.86 | 34 |
| Silver | 0.40 | 20.73 | 33.40 |
Oil prices were steady in early Asian trading on Tuesday as investors awaited inflation data to assess future U.S. monetary policy and the production policy decisions from the OPEC+ meeting on June 2.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD(%) | |
| US West Texas | 1.33 | -3 | 9,87 |
| Brent Crude | 0.23 | -5.4 | 7.88 |
LME commodity prices were trading mixed in the early session on Tuesday with Aluminium prices up 1.5 percent, ,Nickel prices up nearly 1 percent and Copper prices down nearly 1 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 1.54 | 2.72 | 11.66 |
| Nickel | 0.83 | 5.36 | 22 |
| Copper | -0.90 | 3.33 | 20.62 |
| Lead | -0.35 | 3.65 | 11 |
| Zinc | -0.18 | 4.48 | 15 |
Foreign institutional investors turned net sellers on May 27 as they sold Indian equities worth Rs 541.22 crore. On the other hand, domestic institutional investors bought Rs 922.6 crore worth of equities on the same day.
| FII/DII (Rs in Cr) | 27th May | MTD | YTD |
| FII Net Flows | -541.22 | -39,579.1 | -1,21,400 |
| DII Net Flows | 922.6 | 41,726.85 | 1,91,193.3 |
Now you're all set for the market day! Happy trading!
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