Nifty's Nifty 50 index is seeing a rise of 15.50 points in early trade.

According to GIFT Nifty, Indian indices should see slight gains.

Gift Nifty:



International Market:

Like U.S. consumer inflation forecasts eased, most Asian markets showed gains, supporting the Federal Reserve's case to lower interest rates this year.

U.S. stocks rose on Friday as a result of reports of rising consumer expectations about inflation. For the sixth week in a row, the Nasdaq rose, ending the week at record highs. The S & P 500 rose slightly, although the Dow Jones Industrial Average rose slightly.

According to research from the University of Michigan, consumers' expectations of price increases next year have dropped from 3.5 percent at the beginning of the month to 3.3 percent annually. This implies that the Federal Reserve may lower interest rates later this year as a result of a possible reduction in inflationary pressures.

The Domestic Market:

Domestic equity indices ended the day flat after a choppy session. During the day, the Nifty hit a record high of 23, 026.40, but it lost all its gains and ended the day almost unchanged. Banking and oil & gas industries performed well, but FMCG and realty stocks witnessed profit booking. The flat performance of the benchmark indices was also reflected in the broader markets. All in all, a quiet day after yesterday's bold progress.
On May 22, 2024, preliminary data from the Indian stock market showed that foreign portfolio investors (FPIs) sold shares worth Rs 944.83 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2, 320.32 crore.


In the barometer index, the S & P BSE Sensex fell 7.65 points or 0.01% to 75, 410.39. The Nifty 50 index fell 10.55 points or 0.05% to 22, 957.10.

As on May 1, FPIs have sold shares worth Rs 34459.88 crore as compared to Rs 35,692 crore in April 2024.

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