Nifty Set to Open Gap-Up Above 24,500: Know the 3 Big Drivers Behind the Bullish Surge
Early trends from Gift Nifty indicate a potentially historic start to the week, with a strong bullish tone for Monday, May 12. The index suggests a sharp gap-up of 453 points, positioning Nifty Futures above the 24,500 mark.
Wall Street index futures surged in early trade after the U.S. and China described their Geneva trade talks as “constructive.” The two-day negotiation concluded on a positive note, with U.S. officials indicating a breakthrough aimed at reducing the trade deficit, while Chinese officials confirmed reaching an “important consensus.” Further details from the talks are expected to be released today.
India and Pakistan jointly announced a ceasefire on Saturday evening. However, reports of ceasefire violations by Pakistan have emerged, prompting India to issue a firm reminder to Islamabad to honour the truce.
The India Meteorological Department (IMD) has forecast the early onset of the southwest monsoon over Kerala by May 27, ahead of the usual June 1 date. This is seen as a positive signal for the agricultural sector and rural economy.
Q4FY25 results from prominent companies including Tata Steel, SRF, UPL, PVR Inox, and Raymond will be in focus and could set the tone for stock-specific movements.
Asian markets opened in the green, buoyed by the positive momentum from the U.S.-China trade developments. The Hang Seng rose over 1%, while the Shanghai Composite was up by 0.70%.
On Friday, U.S. indices ended mixed. The Dow Jones fell 0.3% to 41,249, the S&P 500 dipped 0.1%, and the Nasdaq Composite closed flat at 17,928.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only