Stock Market LIVE Updates: GIFT Nifty Points to Higher Open, Asian Markets Rise, US May CPI in Focus

Stock Market LIVE Updates: Indian indices, Sensex and Nifty, are expected to open higher today amid upbeat global cues, US-China trade talks, and India-US trade negotiations. GIFT Nifty futures are trading 43 points higher at 25,204. US May inflation data will also influence the market. Institutional flows, including FIIs and DIIs, have been positive.

Indian stock market indices, Sensex and Nifty, are expected to open higher today amid upbeat global cues, ongoing US-China trade talks, and potential India-US trade negotiations. GIFT Nifty futures are trading 43 points higher at 25,204, indicating a positive start for the Indian stock market indices. This optimism is driven by the positive developments in the global markets and the ongoing trade dialogues.

Asian markets traded higher on Tuesday, with Japan’s Nikkei 225 rallying 0.51%, the Topix index gaining 0.3%, South Korea’s Kospi rising 0.32%, and Kosdaq adding 0.28%. Hong Kong’s Hang Seng index futures indicated a weaker opening. The US stock market ended marginally higher on Monday, with the S&P 500 rising 0.09% to 6,005.88 and the Nasdaq closing 0.31% higher at 19,591.24 [1].

The Indian stock market ended higher on Monday, extending gains to the fourth consecutive session, led by across-the-board buying amid largely positive global cues. The Sensex rallied 256.22 points, or 0.31%, to close at 82,445.21, while the Nifty 50 settled 100.15 points, or 0.40%, higher at 25,103.20 [1]. Ajit Mishra, SVP, Research, Religare Broking Ltd., maintained a bullish outlook and recommended selective stock picking, emphasizing a favorable risk-to-reward ratio [1].

US-China trade talks are expected to continue today, with top officials resuming negotiations in London. The two sides met at the ornate Lancaster House in the British capital on Monday to discuss disagreements around the Geneva deal. US President Donald Trump noted positive reports from the talks, expressing optimism about the negotiations [1].

Institutional flows have been positive, with foreign institutional investors (FIIs) and domestic institutional investors (DIIs) continuing their buying streak. FIIs purchased ₹1,992 crore worth of Indian equities on Monday, while DIIs picked up shares worth ₹3,503 crore [2].

US May inflation data, expected to rise 2.4%, will also influence the market today. The US dollar weakened against most major currencies on Monday, with the dollar index dipping 0.2% to 98.942 [1]. Gold prices remained steady as investors monitored the trade discussions, with spot gold prices falling 0.2% to $3,322.07 an ounce [1].

In summary, the Indian stock market is expected to open higher today, driven by positive global cues, ongoing US-China trade talks, and the potential India-US trade negotiations. The market will also be influenced by the US May inflation data and institutional flows.

References:
[1] https://www.livemint.com/market/stock-market-news/indian-stock-market-7-things-that-changed-for-market-overnight-gift-nifty-us-china-trade-talks-dollar-to-gold-prices-11749494458818.html
[2] https://indianewengland.com/markets-trade-flat-after-early-gains-investors-await-outcome-of-us-china-talks/