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Indian Markets Brace for Flat Open Amid Global Rally, Gift Nifty Dip — 8 Key Overnight Cues

Despite Wall Street highs and Asia’s rebound, Gift Nifty signals a subdued opening for Sensex and Nifty after Monday’s record-breaking rally driven by India-Pakistan ceasefire and US-China trade breakthrough.

Mumbai, May 13:
Following a historic surge in the previous session, the Indian stock market is poised for a cautious start on Tuesday, as Gift Nifty indicates a modest dip despite strong global cues from Wall Street and Asia.

Here are 8 key overnight developments likely to influence markets today:

Also Read: Trump Revives ‘Most Favoured Nation’ Drug Pricing Policy To Slash Costs By Up To 80%

1. Gift Nifty Hints at Negative Start

Gift Nifty was trading around 24,915, nearly 128 points below Monday’s Nifty futures close, suggesting a tepid to negative opening for Indian indices.

2. Wall Street’s Best Day in Over a Month

US markets soared as President Trump announced a “total reset” in US-China relations, including tariff reductions.

Also Read: US, China Seal Trade Pact to Slash Deficit Amid Warming Ties

Dow Jones: +2.81% at 42,410.10
S&P 500: +3.26% at 5,844.19
Nasdaq: +4.35% at 18,708.34

Big tech led the charge:
Apple (+6.3%), Amazon (+8.07%), Nvidia (+5.44%), Tesla (+6.75%), NRG Energy (+26.2%)

3. Asian Markets Cheer Trade Truce

Asian indices mirrored Wall Street’s optimism:

Nikkei 225: +2.17%
Topix: +1.77%
Kospi: +0.13%
Kosdaq: +1.01%
Hong Kong’s Hang Seng futures suggested a slightly weaker start.

4. India-Pakistan Ceasefire Lifts Sentiment

The India-Pakistan ceasefire held firm after four days of military exchanges. PM Modi declared India’s response is “paused, not over,” warning Pakistan against future terror acts. Market sentiment remains upbeat with reduced geopolitical tension.

5. PM Modi on Operation Sindoor

Reinforcing India’s new doctrine, PM Modi said:

“India will not tolerate nuclear blackmail… retaliatory action will resume if terror strikes continue.”

6. Gold Prices Hold Steady

As investor risk appetite improved, gold stayed flat:

Also Read: Gold Prices Dip As US-China Trade Talks Reduce Safe-Haven Demand

Spot Gold: $3,235.37/oz
US Gold Futures: +0.5% at $3,243.50/oz

7. Crude Oil Prices Ease Slightly

Crude cooled after Monday’s surge:

Brent: -0.32% at $64.75/barrel
WTI: -0.31% at $61.76/barrel

8. US Dollar and Bond Yields

Dollar Index hovered near a one-month high at 101.67
USD/JPY: 148.29
EUR/USD: 1.1095
10-year US yield: 4.4551%

Monday’s Recap:

Sensex: +2,975 points (+3.74%) to 82,429.90
Nifty 50: +916.70 points (+3.82%) to 24,924.70
Best single-day rally in 4 years, driven by easing tensions and global trade optimism.

Outlook:
Despite global bullish cues, today’s opening may see profit booking or sideways movement due to Gift Nifty weakness, after Monday’s rally. Market watchers will also keep an eye on US inflation data due later today.

Tags:
Indian stock market, Sensex, Nifty 50, Gift Nifty, Wall Street rally, US-China trade deal, India Pakistan ceasefire, global market cues, gold prices, crude oil, PM Modi Operation Sindoor

News Desk