Indian markets are expected to start Wednesday’s session on a quiet note. While most Asian markets were trading in the green, GIFT Nifty was down by 10 points, indicating a flat to slightly negative opening for domestic indices. Investors will be closely watching crude oil prices, foreign and domestic institutional investor (FII/DII) flows, sector-specific trends, and key global business developments.
On Tuesday, the market rally came to a halt after two days of gains. The BSE Sensex fell sharply by 624.82 points to close at 81,551.63, while the NSE Nifty50 dropped 174.95 points, ending the day at 24,826.20.
Key global and domestic cues to know on May 28, 2025
Asian Markets
Asian markets trade higher on Wednesday, taking a cue from Wall Street’s overnight gains after US President Donald Trump delays the 50% tariff on EU imports to July 9. Japan’s Nikkei 225 rises over 1%, with the Topix also in the green. South Korea’s Kospi and Kosdaq edge up, while Australia’s ASX 200 posts modest gains.
US market
All three major US stock indices end higher, snapping a four-day losing streak. The Dow Jones jumps 740 points, or 1.78%, closing at 42,343.65. The S&P 500 climbs 2.05% to 5,921.54, while the Nasdaq Composite surges 2.47% to 19,199.16.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 001% at 99.53 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.23% to close at 85.33 to the dollar on May 27.
Crude oil
Crude oil prices inch up in Wednesday’s early trade. WTI crude rises 0.43% to $61.33 per barrel, while Brent crude gains 0.38% to trade near $64.52.
FII, DII data
Foreign investors turn net buyers on May 27, with FIIs purchasing equities worth Rs 348 crore, according to provisional NSE data. Domestic institutional investors (DIIs) also lend strong support, recording a hefty net buy of Rs 10,104 crore.
Gold rate today
Gold prices edged higher in the domestic futures market on Tuesday, boosted by positive global trends and a weaker US dollar. Last week, gold on the MCX rose 2%, as concerns about the US debt situation and a softer dollar pushed investors toward the safe-haven metal.
As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 97,470, while 22-carat gold costs Rs 89,340. For those preferring 18-carat gold, the price is Rs 73,100 for the same weight.
Best and worst performing business groups
On Tuesday, the Jaipuria Group saw the biggest rise in its market value, going up by more than 6.6%. Both of its stocks ended the day higher. Following Jaipuria, the Adani Group’s market value grew by about 3.4%, and L G Balakrishnan’s went up by 3%. On the other hand, the Future Group experienced the largest drop, with its market value falling by 3.13%.
Sectors that surged most in Tuesday’s trade
On Tuesday, the shipping sector saw the biggest gains. Most of the 5 shipping stocks ended the day higher. The plastics sector also grew, with its market value rising by 1.48%. The rubber sector followed closely, increasing by 1.23%.