Indian Stock Market: 8 Key Overnight Developments That You Should Know

Asian markets trade mixed; Gift Nifty hints at flat start as global cues, gold, crude and dollar trends weigh in

May 27, 2025: The Indian stock market opened on a cautious note on Tuesday, May 27, as mixed global cues kept sentiment in check. The benchmark indices Sensex and Nifty 50 are set to start flat, with the Gift Nifty indicating a marginal premium over the previous close.

On Monday, the Indian stock market closed with gains for the second consecutive session. The Sensex rose 455 points (0.56%) to 82,176.45, while the Nifty 50 advanced 148 points (0.60%) to 25,001.15.

Also Read: Here’s Why Sensex Jumped 450 Points, Nifty 50 Hit 25,000 Today and What Does This Indicate

“The dollar index has been slipping for three straight sessions, nearing a one-month low, which is likely to boost foreign inflows in emerging markets like India. Overall, Indian equities are expected to continue their gradual upward momentum on the back of strong domestic macros and supportive global cues,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Also Read: Motilal Oswal Initiates Coverage on Radico Khaitan with ‘Buy’ Rating, Sets Target Price at ₹3,000

Here are eight key global market cues to watch for Sensex and Nifty today:

1. Asian Markets:
Asian markets traded mixed as caution prevailed over US President Donald Trump’s tariff plans. Japan’s Nikkei 225 fell 0.15%, Topix was flat, South Korea’s Kospi slipped 0.15%, and Hong Kong’s Hang Seng index futures hinted at a flat opening.

Also Read: India Overtakes Japan to Become World’s Fourth Largest Economy: NITI Aayog

2. Gift Nifty:
The Gift Nifty was trading around 25,040, a 5-point premium over the Nifty futures’ previous close, indicating a flat start for domestic indices.

3. Wall Street Futures:
US markets were closed on Monday for the Memorial Day holiday. However, US stock futures rallied as investors welcomed the delay in Trump’s proposed EU tariffs. Dow futures gained 407 points (1%), S&P 500 futures rose 1.1%, and Nasdaq 100 futures jumped 1.3%.

4. Dollar Weakness:
The US dollar continued to decline amid concerns over the US debt profile. The dollar index fell 0.1%, its third consecutive day of losses. The dollar dropped 0.3% to 142.35 yen, while the euro and pound gained 0.1%.

5. Japanese Bond Yields:
Japan’s long-term bond yields fell sharply. The 30-year JGB yield slid 10 bps to 2.935%, the lowest since May 14, and the 40-year yield fell 10.5 bps to 3.43%.

6. Japan Service-Sector Inflation:
Japan’s service-sector inflation rose 3.1% in April, slightly below March’s 3.3% rise.

7. Gold Prices:
Gold prices edged up 0.1% to $3,344.36 an ounce in spot trading, supported by a weaker dollar and concerns over the US fiscal outlook.

8. Crude Oil Prices:
Crude oil prices traded steady as easing EU-US trade tensions and an upcoming OPEC meeting influenced sentiment. Brent crude dipped 0.06% to $64.78 a barrel, while WTI crude was flat at $61.54 a barrel.

Stay tuned for updates on how these cues impact trading as markets open!

Tags:
Indian stock market, Sensex, Nifty 50, Gift Nifty, Asian markets, US dollar, gold prices, crude oil, Japan bond yields, trade tensions