Stock Market Today: 8 Overnight Developments Driving Indian Indices That You Must Know

Asian markets edge up, US equities pull back, and crude oil rallies over 1% amid rising global tensions. Gift Nifty hints at a mildly positive start for Indian markets after three days of losses.

May 21, 2025: Indian Stock Market Today (May 21, 2025) – Domestic equity markets may open cautiously on Wednesday after mixed global signals and three consecutive sessions of losses.

The Gift Nifty was trading around 24,801, indicating a positive bias of 26 points over the previous Nifty futures close, suggesting a mildly upbeat start for the Sensex and Nifty 50.

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Global Market Cues:

• Asian Markets: The Nikkei 225 rose 0.26%, Topix gained 0.45%, South Korea’s Kospi climbed 0.58%, and Kosdaq surged 0.95%. However, Hang Seng futures pointed to a softer start.
• Wall Street: US stocks fell overnight. The S&P 500 ended its 6-day winning streak, losing 23.14 points (0.39%) to close at 5,940.46. The Dow Jones dropped 114.83 points (0.27%) and the Nasdaq shed 0.38%.
• Treasury Yields: The US 10-year yield edged up to 4.477%, while the 30-year bond neared the 5% mark, reflecting fiscal jitters in the US.

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Domestic Market Recap:

On Tuesday, the Sensex tumbled 872.98 points (1.06%) to 81,186.44, while the Nifty 50 slid 261.55 points (1.05%) to 24,683.90, marking the third straight day of decline.

According to Prashanth Tapse of Mehta Equities, “Markets are oscillating between optimism and caution due to geopolitical relief (Indo-Pak ceasefire) and global uncertainties such as US-China tariffs and oil volatility.”

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Other Key Factors to Watch:

• Crude Oil Prices: Brent rose 1.28% to $66.22, while WTI crude climbed 1.42% to $62.91, amid reports that Israel may strike Iranian nuclear sites.
• Gold: Spot gold rose 0.4% to $3,300.72/oz as the dollar weakened and investors sought safety.
• Japan Trade Deficit: Exports rose 2% in April, but falling imports pushed the country into a trade deficit of ¥115.8 billion, defying expectations of a surplus.
• India’s Core Sector Growth: Dropped to 0.5% in April, the slowest pace in eight months, versus 6.9% a year earlier. Sectors impacted include crude oil, steel, and cement.

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