Pre-market setting (May 21): Gifts with beautiful futures get 26 points; markets that may be open with green

0 1 2 minutes read

Pre-market setting (May 21): Gifts with beautiful futures get 26 points; markets that may be open with green

The Indian market is likely to open on Wednesday, May 21, on a cautious but optimistic note as Gift Nifty earned 26 points or 0.10% of revenue at 24,800.50. When the benchmark index broke the two-day integration phase, the stable phase of global worries and weaker sentiment broke the day’s sales pressure.

Analysts believe that if a beautiful person cannot convincingly surpass the 24,700 levels, a more serious correction may be made to the 24,300 levels. However, a rebound in relief of more than 24,700 could indicate a return to distance range trade. On Tuesday, India's VIX rose only 0.2% to 17.38, indicating tension in the market.

Global Market

Wall Street closed overnight, and the S&P 500 ended a six-day winning streak and was under pressure from fears of U.S. Treasury yields and debt sustainability. Asian markets recorded signs of mixing this morning – Australia's Topix grew 0.3%, ASX 200 grew 0.6%, while other index 225 futures, such as Hang Seng and Nikkei, remained flat.
Israel – Oil surges over 1% on strike risk in Iran
Crude oil prices rose more than 1%, following U.S. intelligence that Israel may be planning an attack on Iranian nuclear facilities. This has sparked concerns about geopolitical tensions in the Middle East that could undermine oil supplies.

Gold earnings as US dollar retreat

Gold prices rose on Wednesday as the dollar fell to a two-week low. Demand for gold has increased further due to fiscal uncertainty in the United States.

F&O Ban List

After crossing the 95% limit within the market scope, there are two stocks today (RBL Bank and Manappuram Finance) under the F&O ban today.

FII-DII flow

Foreign investors continued their sales rave on Tuesday, unloading shares worth Rs 10,016 crore. By contrast, domestic institutional investors (DIIS) provided support for net purchases worth Rs 6738 crore.

Rupee under pressure

The rupee rallied with weak stocks and U.S. yields on U.S. currency to 85.58 rupees. FII's net position in index futures increased from Rs 23,498 crore to Rs 387,48 crore, reflecting bearish sentiment, which also suffered emotions.

What to see today