Indices likely to open negative on May 21

21 May 2024 , 08:11 AM

GIFT Nifty on the NSE IX traded lower by 40 points, or 0.18%, at 22,608, indicating that Dalal Street is likely to open on a negative note on Tuesday.

In the previous trading session, Indian benchmark indices Nifty 50 and Sensex closed in the green, with Nifty 50 at 22,502.00 and Sensex at 74,005.94.

International markets:

Asian markets were mostly lower in early trading, influenced by mixed signals from U.S. markets. The Hang Seng index was down nearly 2%, while the Taiwan Weighted index dropped 0.6%.

In the U.S., the Nasdaq reached a record high on Monday as investors balanced hawkish comments from the Federal Reserve with signs of cooling inflation. The S&P 500 posted a modest gain, while the Dow Jones Industrial Average dipped below 40,000 after closing above that milestone for the first time on Friday.

FII & DII Data

Regarding foreign and domestic institutional investor activity, foreign portfolio investors were net sellers on Friday, with outflows totaling ₹92 crore. Conversely, domestic institutional investors were net buyers, purchasing shares worth ₹153 crore.