Sensex, Nifty Likely to Open Higher Amid Wall Street Rally and Firm FII Inflows

Foreign Institutional Investors (FIIs) were net buyers, purchasing Rs 2,769.81 crore worth of shares on May 02, 2025. Domestic Institutional Investors (DIIs) purchased shares worth Rs 3,290.49 crore during the same period. 

Pre-Market Update at 8:00 AM: Indian benchmark indices, Sensex and Nifty 50, are likely to begin Monday's session on a stronger note, taking cues from upbeat global market trends.

While trading activity in major Asian markets remained subdued due to regional holidays, Wall Street closed last week on a positive streak, with both the S&P 500 and Dow Jones registering gains for nine sessions in a row.

 At 7:20 AM, Gift Nifty was hovering around 24,510, showing a jump of 107 points compared to the previous close of Nifty futures.

U.S. stock markets closed higher on Friday, marking a second consecutive week of gains. The rally was supported by encouraging economic indicators and signs of easing trade tensions between the U.S. and China. The Dow Jones Industrial Average jumped 564.47 points (1.39 per cent) to finish at 41,317.43. The S&P 500 rose by 82.54 points (1.47 per cent) to end at 5,686.68, while the Nasdaq Composite advanced 266.99 points (1.51 per cent) to settle at 17,977.73. On a weekly basis, the Dow gained 3 per cent, the S&P 500 added 2.9 per cent, and the Nasdaq climbed 3.43 per cent.

Several major Asian stock markets remained closed on Monday due to public holidays, including Japan, South Korea, Hong Kong, and China. Meanwhile, Australian shares declined in early trading, with the S&P/ASX 200 index slipping 0.29 per cent following the re-election of Prime Minister Anthony Albanese. The Australian dollar also edged slightly lower, trading at 0.6439 against the U.S. dollar, marking a marginal drop of 0.06 per cent.

Crude oil prices saw a sharp decline of over 3 per cent following OPEC's decision to ramp up production, which is expected to enhance global supply levels. Brent crude dropped by 3.13 per cent to settle at USD 59.37 per barrel, while US WTI crude futures slipped 3.35 per cent, ending at USD 56.34. 

Foreign Institutional Investors (FIIs) were net buyers, purchasing Rs 2,769.81 crore worth of shares on May 02, 2025. Domestic Institutional Investors (DIIs) purchased shares worth Rs 3,290.49 crore during the same period. 

 For today’s session, RBL Bank remains under the F&O ban list.

Disclaimer: The article is for informational purposes only and not investment advice.