The GIFT Nifty is pointing towards a positive opening today, up by 102 points and trading around the 24,738 mark in early hours. This comes after a challenging session on May 13, when the Sensex dropped 1,281.68 points, or 1.55%, and the Nifty lost 346.35 points, or 1.39%. With global cues looking favorable and key earnings reports in focus, let’s take a look at the key actions at this hour.
Key global and domestic cues to know on May 14, 2025
India firm on Kashmir
India on Tuesday firmly turned down US President Donald Trump’s offer to mediate on the Kashmir issue, reaffirming its long-standing stance that matters related to Jammu and Kashmir are strictly between India and Pakistan. The Ministry of External Affairs (MEA) made it clear that there has been no shift in policy, stating that the only issue is Pakistan’s illegal occupation of Indian territory. “Our position remains unchanged,” the MEA said, adding that all issues must be resolved bilaterally without any third-party involvement
Asian markets
Asia-Pacific markets largely saw positive movement, spurred by easing trade tensions between the US and China. Japan’s Nikkei 225 rose by 0.37%, extending its recent gains after four consecutive positive sessions. South Korea’s Kospi also saw a rise of 0.78%. Australia’s S&P/ASX 200 traded flat.
US markets
Wall Street closed mixed as the S&P 500 and Nasdaq posted gains, while the Dow Jones Industrial Average lagged behind. The S&P 500 rose by 0.72%, closing at 5,886.55. The Nasdaq Composite saw a stronger surge, up 1.61% to end at 19,010.08. However, the Dow Jones lost 269.67 points, or 0.64% to close at 42,140.43.
US inflation
US inflation remained mild in April, with prices for essentials like clothing and new cars holding steady. This suggests that companies are yet to pass on the burden of higher tariffs to buyers. The core consumer price index which excludes volatile food and energy costs edged up just 0.2% from March, marking the third consecutive month of softer-than-expected inflation.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.02% at 100.98 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 depreciated 0.06% to close at 85.33 to the dollar on May 13.
Crude oil
Oil prices edged lower in early Wednesday trade, with both key benchmarks recording mild losses. West Texas Intermediate (WTI) slipped 0.28% to $63.49 a barrel, while Brent crude dipped 0.37%, currently at $66.39.
FII- DII action
Foreign investors turned sellers on May 13. They net sold equities worth Rs 476.86 crore in Indian markets. In contrast, domestic investors remained net buyers, investing Rs 4,273.80 crore. However, for the month FIIs remain net buyers
Gold rate today
Gold made a quiet comeback on Tuesday, bouncing back in the spot market after Monday’s sharp 3% drop. The rebound came as global investors reassessed the impact of easing trade tensions between the U.S. and China, which had triggered the earlier slide.
As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 96,610, while 22-carat gold costs Rs 88,560. For those preferring 18-carat gold, the price is Rs 72,460 for the same weight.