Indian equity indices are expected to open higher on the back of positive global cues. The Asian indices were trading higher as China cuts loan prime rates after 7 months. The GIFT Nifty was up 87 points or 0.35% higher at 25,079. Here are key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that most, sectoral performance, etc.
Earlier on Monday, the NSE Nifty 50 closed the session 74 points or 0.30% lower at 24,945.45, while the BSE Sensex lost 271 points or 0.33% to close at 82,059.
Key global and domestic cues to know on May 20, 2025
Asian Markets
Asia-Pacific markets surged on Tuesday morning, as China cuts benchmark lending rates for the first time in 7 months in a push for growth. It was expected that China might cut loan prime rates by 10 bps. Japan’s key index, Nikkei 225, was up 0.65%, while South Korea’s Kospi rose 0.15%. Following the overall sentiments, the Asia Dow was flat at 3,641.02.
US markets
The futures contracts tied to the US equity benchmarks were flat on Tuesday morning. Futures tied to the Dow Jones Industrial Average were up 12 points, or 0.03%. On Monday, the S&P 500 added 0.09% to close at 5,963.60. The Nasdaq Composite inched up 0.02% to finish at 19,215.46. The Dow Jones Industrial Average rose 137.33 points, or 0.32%, to settle at 42,792.07.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.06% at 100.37 on Tuesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.14% to close at 85.40 to the dollar on May 19.
Crude oil
The crude oil prices traded on a flat note on Tuesday. WTI crude prices were trading at $62.14, up by 0.01%, while Brent crude prices were trading at $65.51, down by 0.05%, on Tuesday morning.
FII, DII data
In Monday’s trade, both FIIs and DIIs were the net sellers. Foreign institutional investors (FII) were the net sellers of shares worth Rs 525.95 crore, while the Domestic institutional investors (DII) were the net sellers of shares worth Rs 237.93 crore on May 20, 2024, according to the provisional data available on the NSE.
Gold rate today
The gold price has surged a bit on Tuesday, hovering near its all-time high. The rate for 24-carat gold today is Rs 93,700 per 10 grams. The rate of gold has fallen by 1.82% in the last one month. The 22 kt gold rate today is Rs 85,892 per 10 grams. The 18-carat gold price today is Rs 70,275.
