The GIFT Nifty was trading flat in early hours, indicating a muted to slightly positive start for Indian markets. Investors are keeping an eye on global cues, especially crude oil prices, FII/DII flows, and sector-specific triggers that may shape intraday sentiment. Movement is expected to remain cautious as markets digest mixed earnings and await further global economic signals.
On Thursday, domestic benchmarks ended higher after two days of losses. The Sensex added 320 points to close at 81,633, while the Nifty gained 81 points to settle at 24,834.
Key global and domestic cues to know on May 30, 2025
Asian markets
Asia-Pacific markets edge lower on Friday, hit by concerns over a slowing U.S. economy, persistent inflation risks, and uncertainty surrounding judicial developments linked to U.S. President Donald Trump’s “reciprocal” tariffs. Japan’s Nikkei 225 leads the regional losses, falling 1.6% in early trade, while the Topix is down nearly 1%. South Korea’s Kospi slips 0.32%, though the tech-heavy Kosdaq sees marginal gains. Australia’s ASX 200 also trades lower, shedding 0.22%.
US market
Wall Street’s main indices ended higher overnight, though gains were trimmed as investors kept an eye on court rulings tied to U.S. President Donald Trump’s “reciprocal tariffs.” The S&P 500 rose 0.4% to close at 5,912.17, lifted by strength in chipmaker Nvidia, after briefly gaining as much as 0.9% during the session. The Nasdaq Composite advanced 0.39% to 19,175.87, while the Dow Jones Industrial Average added 117 points, or 0.28%, to settle at 42,215.73.
Federal Appeals Court temporarily restores trump’s import tariffs
The U.S. Court of Appeals in Washington has temporarily reinstated the wide-ranging tariffs imposed by President Donald Trump on foreign imports. This decision came just a day after a lower U.S. trade court ruled that Trump had overstepped his authority under emergency powers and ordered the tariffs to be blocked immediately. The appeals court has paused that ruling to review the government’s appeal, asking the plaintiffs to submit their responses by June 5 and the administration by June 9.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was up 0.05% at 99.35 on Friday 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 0.16% to close at 85.51 to the dollar on May 29.
Crude oil
Crude oil prices slip in early trade Friday, with West Texas Intermediate (WTI) crude down 0.39% at $60.69 a barrel and Brent crude easing 0.43% to around $63.08.
FII, DII data
Foreign Institutional Investors (FIIs) made net equity purchases of Rs 884 crore on May 28, while Domestic Institutional Investors (DIIs) continued to support the market with net buying worth Rs 4,286 crore, according to provisional NSE data released on May 29.
Gold rate today
Gold prices in India remain under pressure, capping off a bearish week. Investors await key economic cues such as India’s Q1 GDP data and the U.S. core PCE price index.
As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 97,030, while 22-carat gold costs Rs 88,940. For those preferring 18-carat gold, the price is Rs 72,770 for the same weight.
Best performing business groups
Some of the major Indian business groups saw notable changes in their market capitalisation in the previous day trading. The Vedanta Group saw a near 2% rise, while the Jindal O P Group recorded an uptick with its market cap climbing over 2.7%. The Yash Birla Group and Jaipuria Group also posted modest gains of a little over 2%.
Sectors that surged most in Thursday’s trade
On Thursday, several key sectors showed notable gains. Leading the pack was the Rubber sector, which saw the strongest surge with a 3.75% increase in market capitalisation. The Glass sector followed closely, rising by 3.55%. Meanwhile, Shipping gained 1.78%. Both Infrastructure and Packaging sectors recorded 1.59% surge.