The benchmark Sensex and Nifty indices are expected to open weak on May 29, following GIFT Nifty trends indicating a loss of 84 points for the broader index.
After hitting record highs in the previous session, the Indian benchmark indices remained in consolidation mode on May 28. At close, the Sensex was down 220.05 points or 0.29 percent at 75,170.45, and the Nifty was down 44.30 points or 0.19 percent at 22,888.15.
Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for today.
GIFT Nifty (Falls)
The GIFT Nifty is trading 84 points lower compared to the Nifty 50 close on May 29 , indicating a negative start for the day. Nifty futures were trading at 22,833 at 06:50 AM IST.
Asian Equities (Mixed)
Asian markets were trading mixed on Wednesday as the Nasdaq Composite hit another new record high on Wall Street to surpass 17,000 for the first time, powered by a 7% gain in tech darling Nvidia.
At 07:00 AM IST, Asian indices were trading as follows:
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | -0.09 | 1.08 | 3.96 |
| Topix | -0.14 | 0.79 | 4.7 |
| Hang Seng | -086 | 4.87 | 9.39 |
| Taiwan | -0.17 | 7.86 | 15.5 |
| Kospi | -0.75 | 1.4 | -3.73 |
The Nasdaq crossed 17,000 for the first time ever on Tuesday, boosted by gains in Nvidia, while the S&P 500 closed barely higher and the Dow ended lower as Treasury yields rose.
The Dow Jones Industrial Average fell 216.73 points, or 0.55%, to 38,852.86, the S&P 500 gained 1.32 points, or 0.02%, to 5,306.04 and the Nasdaq Composite gained 99.09 points, or 0.59%, to 17,019.88.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | MTD (%) | |
| Dow Jones | -0.55 | 2.43 | 3.05 |
| S&P500 | 0.02 | 5.05 | 11.20 |
| Nasdaq | 0.59 | 8.37 | 13.34 |
The US 10-year Treasury yields were trading flat, while US 2 year bond yield was down at 0.37%.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.55 | 4.67 | 3.87 |
| US 2-Year Treasury | 4.96 | 5.03 | 4.24 |
The dollar index were trading marginally higher in the early trade.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 104.69 | 106.22 | 101.33 |
Asian currencies were trading lower against the US dollar in today's trade. Over the past month, the Asian currencies performance was mixed, while, year-to-date, among Asian currencies Japanese Yen fell 10 percent. At 07.00 IST, Asian currencies were trading as follows.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.112 | 1.02 | -4.3 |
| South Korean Won | -0.473 | 0.96 | -5.4 |
| Taiwan Dollar | -0.13 | 1.9 | -5 |
| Thai Baht | -0.10 | 1 | -6.4 |
| Japanese Yen | -0.95 | -0.62 | -10.35 |
| Philippines Peso | -0.36 | -0.81 | -4.78 |
| Singapore Dollar | -0.015 | 0.80 | -2.12 |
| Malaysian Ringgit | -0.13 | 1.5 | -2.18 |
| China Renminbi | -0.047 | -0.25 | -2.03 |
Gold prices were down marginally in the early trade, while Silver prices fell 0.5 percent on Tuesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.16 | 3.10 | 14.27 |
| Silver | -0.53 | 21.3 | 34.20 |
Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a meeting this Sunday at the same time fuel consumption should begin rising with the start of the peak summer demand season.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.44 | -2.18 | 11.9 |
| Brent Crude | 0.33 | -3.87 | 9.68 |
LME commodity prices were trading higher in the early trade on Wednesday with Lead and Aluminium prices up 2 percent each, while Nickel and Copper prices up nearly 1.7 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 2.54 | 5.33 | 14.49 |
| Nickel | 1.7 | 6.39 | 23.27 |
| Copper | 1.72 | 5.11 | 22.7 |
| Lead | 1.98 | 5.71 | 13.29 |
| Zinc | 1.41 | 5.95 | 16.6 |
Foreign institutional investors remained net buyers on May 28 as they bought Indian equities worth Rs 65.57 crore, while domestic institutional investors continued their buying as they purchased equities worth Rs 3,231.67 crore on the same day.
| FII/DII (Rs in Cr) | 28th May | MTD | YTD |
| FII Net Flows | 65.57 | 44,958.5 | -1,21,334 |
| DII Net Flows | 3,231.67 | -39,513.5 | 1,94,425 |
Now you're all set for the market day! Happy trading!
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