📉 Opening Cues
- 🕖 At 7:55 AM, GIFT Nifty futures were down 17 pts at 25,061 ➡️ Flat to negative start expected.
- 🌐 Mood driven by strong FII inflows, Moody’s US downgrade, & mixed global cues.
🌏 Global Market Snapshot
- Asia-Pacific markets dip amid Moody’s US rating cut & key data:
- 🇨🇳 China: Retail Sales +5.1% YoY | Industrial Output +6.1% | Unemployment 5.1%
- 🇯🇵 Nikkei -0.45%, Topix flat
- 🇰🇷 Kospi -0.47%, 🇦🇺 ASX 200 -0.37%
- 🔔 RBA Policy Meet begins today
🇺🇸 Wall Street Recap (Friday)
- S&P 500 ↑ 0.70% | 5th consecutive gain 💪
- Nasdaq ↑ 0.52% | Dow Jones ↑ 331 pts ➡️ Turns positive for 2025
- Gains despite weak consumer sentiment and inflation concerns
💸 Institutional Action (May 16)
- 🌍 FIIs net buy: ₹8,831.05 Cr
- 🏦 DIIs net sell: ₹5,187.09 Cr
📦 IPO & Listings
- 📈 Virtual Galaxy Infotech (SME) to list today
📊 Earnings in Focus Today
- 💼 Results from: BEL, BHEL, Arvind Fashions, Delhivery
- Eyes on: Power Grid, DLF, PI Industries, Pfizer, Redington, and many more
🛢️ Commodities
- 🪙 Gold down 2% | Worst week since Nov 📉
- Spot gold: $3,188.25/oz | Futures: $3,187.20/oz
- ⛽ Oil prices rise for 2nd week
- Brent: $65.41 (+1.36%) | WTI: $62.49 (+1.41%)
📌 Stay tuned for LIVE updates throughout the trading day!
