Gift Nifty Trades Flat: Indian Stock Markets Set for Soft Opening Despite Global Rally

On Wednesday, May 28, 2025, Indian benchmark indices, Sensex and Nifty, are expected to open on a muted note, buoyed by the positive trend seen across global markets. This comes despite a rally in global equities following U.S. President Donald Trump’s decision to delay a proposed 50% tariff on European Union imports until July 9. In addition to this,a  flat start for Gift Nifty futures on May 28 indicating a muted trading session.

GIFT Nifty Today

As of 7:50 AM, GIFT Nifty futures were trading around 24,854, down 11 points, indicating a flat-to-negative start for domestic indices. This signals cautious investor sentiment ahead of the trading session.

Asia-Pacific Markets Climb

Asian equities opened on a strong footing, tracking Wall Street’s overnight gains. Investor mood brightened following President Trump’s tariff deferral, which eased immediate concerns over global trade tensions.

• Japan’s Nikkei 225 rose 1.06%, while the broader Topix index advanced 0.88%.
• South Korea’s Kospi added 0.65%, and the Kosdaq gained 0.53%.
• Australia’s S&P/ASX 200 edged up by 0.21%.

Wall Street Sees Robust Gains

U.S. markets rallied sharply on Tuesday as easing tariff concerns and a surprise jump in consumer confidence boosted risk appetite:

• Dow Jones surged 740.58 points (1.78%) to close at 42,343.65
• S&P 500 climbed 118.72 points (2.05%) to end at 5,921.54
• Nasdaq Composite soared 461.96 points (2.47%) to 19,199.16

Dollar Movement

The U.S. dollar index dipped by 0.1%, following a strong move in the prior session. This pullback made gold more appealing for investors holding other currencies.

Also Read: Key Financial Changes from June 1, 2025: SEBI’s Mutual Fund Rules and Kotak Credit Card Revisions

How Indian Stock Market Performed on May 27?

On Tuesday, May 27, Indian markets faced selling pressure in large-cap stocks, leading to a broad-based decline. However, mid-cap and small-cap stocks saw selective buying interest.

• Sensex dropped 625 points (0.76%) to close at 81,551.63
• Nifty 50 fell 175 points (0.70%) to settle at 24,826.20

Investors are now watching global cues closely, along with domestic macro indicators and institutional flows, to gauge the near-term direction of the market.

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