Indian equity indices are expected to open on a positive note. The Asian indices were trading higher. The GIFT Nifty was up 35 points or 0.14% at 24,690. Here are key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that most, sectoral performance, etc. 

Earlier on Thursday, the NSE Nifty 50 closed the session 204 points or 0.82% lower at 24,609.70, while the BSE Sensex fell 645 points or 0.79% to close at 80,952.

Key global and domestic cues to know on May 23, 2025

Asian Markets

Asia-Pacific markets were higher on Friday morning. Japan’s key index, Nikkei 225, was up 375 points or 1.02% at 37,361, while South Korea’s Kospi surged 0.25%. The Asia Dow was up 0.34% at 3,607.26. The Chinese benchmark Shanghai Composite was trading 0.02% lower at 3,379. 

US markets

The US key indices closed Thursday’s session on a flat note as investors worried about rising rates and government debt. The Dow Jones Industrial Average slipped 1.35 points, closing at 41,859.09. The S&P 500 lost 0.04% and ended at 5,842.01, while the Nasdaq Composite advanced 0.28% and settled at 18,925.73.

US dollar 

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.25% at 99.71 on Thursday 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 depreciated 0.42% to close at 85.99 to the dollar on May 22. 

Crude oil

The crude oil prices traded on a lower note on Friday. WTI crude prices were trading at $60.89, down by 0.50%, while Brent crude prices were trading at $64.15, down by 0.45%, on Friday morning. 

FII, DII data

Foreign institutional investors (FII) were the net buyers of shares worth Rs 5,045.36 crore. The Domestic institutional investors (DII) were the net buyers of shares worth Rs 3,715 crore on May 22, 2024, according to the provisional data available on the NSE.

Gold rate today

The gold price surged on Friday, marginally lower than its all-time high. The rate for 24-carat gold today is Rs 96,040 per 10 grams. The rate of gold has surged by 3.42% in the last week. The 22 kt gold rate today is Rs 88,037 per 10 grams. The 18-carat gold price today is Rs 72,030.

Best and worst performing business groups 

The Jaipuria Group’s market capitalisation has risen the most in Thursday’s trade, gaining over 17%. In the list of Jaipuria Group stocks, out of 2 stocks, one closed the session in the green. Jaipuria Group was followed by Pennar Group, whose market cap surged almost 3.46%, Essel Group’s market cap increased by 2.11%, and others. However, the Aditya Birla Group’s market cap declined the most, falling 3.02%, adjusting for the demerger.

Sectors that surged most in Thursday’s trade

The shipping sector advanced the most in Thursday’s trade. Of the 5 stocks in the list of shippping stocks, the majority of them closed the session in the green. The list of plastic stocks raised the sector’s market cap by 1.92%. The list of packaging stocks followed suit, rising 1.53% in market cap.