Nifty 50 May Open Lower; Bharti Airtel, Tata Motors Q4 Results & CPI Data in Focus
Pre-Market Update: Early indications from the Gift Nifty indicate that the Indian equity benchmark indices are likely to witness a fragile start on Tuesday, May 13, 2025.
As of 07:20 am, Gift Nifty hovered near the 24,920 mark, showing a discount of about 155 points over the previous close, signalling a fragile start for the Indian markets.
However, positive global cues—driven by progress in the US-China trade agreement and encouraging signs from the India-Pakistan ceasefire report—may help sustain market optimism.
All eyes will be on India’s CPI inflation data today. India’s CPI inflation had come to a 5-year low in the previous month. Hence, it will be interesting to see if the figures come lower again which will in turn encourage RBI to cut repo rates further.
A few prominent Indian companies are scheduled to announce their Q4 earnings today, which could trigger stock-specific moves on Dalal Street.
Bharti Airtel, Tata Motors, GAIL India, Cipla, Siemens, Bharti Hexacom, Hero Motocorp and Aditya Birla Capital will announce their Q4 earnings today.
On May 12, Foreign Institutional Investors (FIIs) were net buyers, purchasing ₹1,246.48 crore worth of shares. Domestic Institutional Investors (DIIs) bought shares worth ₹1,448.37 crore during the same period.
Indian markets rallied sharply on Monday, posting their best single-day gains in four years. The Sensex jumped 2,975 points to 82,429.90, while the Nifty rose 916 points to 24,924.70. Improved India-Pakistan relations, early monsoon forecasts, and US-China trade optimism boosted investor sentiment.
Majority of the Asian peers traded higher on Tuesday, following a sharp overnight rally on Wall Street after the US-China trade deal.
U.S. stock markets rallied strongly on Monday, with the S&P 500 hitting its highest level since early March, driven by the announcement of a temporary tariff reduction agreement between the U.S. and China.
The S&P 500, Nasdaq, and Dow Jones recorded their largest single-day percentage gains since April 9.
The Dow Jones Industrial Average soared 1,160.72 points, or 2.81%, closing at 42,410.10. The S&P 500 advanced by 184.28 points, or 3.26%, to end at 5,844.19, while the Nasdaq Composite gained 779.43 points, or 4.35%, settling at 18,708.34.
Gold prices remained largely unchanged as improved risk sentiment from the US-China trade agreement reduced the demand for the metal’s safe-haven status. Spot gold stayed firm at $3,235.37.86 per ounce.
Oil prices declined modestly from recent highs. Brent crude slipped 0.32% to $64.75 per barrel, and WTI crude was down 0.31% to $61.76. Both oil benchmarks had gained approximately 1.5% during the previous trading session.
Following the trade deal between the US and China, the dollar maintained its upward momentum. The dollar index, which measures the currency against a group of others, hovered close to a one-month high, standing at 101.67.
US Treasury yields move higher as well. The two-year yield remained near its one-month peak at 3.9977%, while the 10-year benchmark yield was last seen at 4.4551%.
Disclaimer: The article is for informational purposes only and not investment advice.
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