May 13, 2025 – Mumbai – After a blockbuster trading session on Monday that saw the Nifty 50 soar by a record 917 points to close at 24,925, its highest level in seven months, Indian equity markets appear set for a cautious open on Tuesday. GIFT Nifty futures are pointing to a negative start, even as Asian stocks trade higher, riding the wave of global optimism.
The BSE Sensex also logged robust gains yesterday, powered by a sharp rally in banking, tech, and infrastructure stocks, as investors cheered improved risk sentiment following the US-China tariff rollback and strong earnings from key domestic companies.
Inflation in Focus: India and U.S. CPI Reports Awaited
The rally’s momentum may take a breather today as investors turn their focus to critical inflation data due later in the day. India is set to release its latest Consumer Price Index (CPI) figures, while the U.S. will unveil its Core CPI data, both considered key metrics that could influence central bank policy directions in the coming months.
“The market is now in a wait-and-watch mode,” said Priya Mehra, economist at Axis Mutual Fund. “A higher-than-expected CPI in either India or the U.S. could lead to rate hike concerns resurfacing, which might rattle equities in the short term.”
Global Markets Stay Positive
Across Asia, stocks traded higher early Tuesday, buoyed by easing geopolitical tensions and strong earnings out of Wall Street. Japan’s Nikkei 225, Hong Kong’s Hang Seng, and South Korea’s KOSPI all opened in the green, suggesting that the global risk-on sentiment remains intact for now.
U.S. markets ended Monday on a high, with the Dow jumping 1,100 points and the Nasdaq soaring over 4%, thanks to the temporary rollback of tariffs between Washington and Beijing. That rally gave Asian markets a strong handoff, even if India may take a more cautious route today.
Market Outlook
Despite today’s expected soft start, analysts remain broadly optimistic about the Indian market’s medium-term trajectory.
“We’re still seeing strong institutional flows and a pickup in domestic earnings,” said Ravi Subramanian, head of equity strategy at ICICI Securities. “Any short-term pullback triggered by inflation data could present buying opportunities, particularly in rate-sensitive sectors like auto, banking, and real estate.”
Key Levels to Watch
- Nifty 50: Support is seen at 24,650, with resistance at 25,100
- Sensex: May face selling pressure near 83,500, with support at 82,300
- GIFT Nifty: Currently indicating a 30–50 point gap-down at the open
In Summary:
- Nifty posts record 917-point gain to hit 24,925
- Sensex rises sharply, tracking global cues and domestic optimism
- GIFT Nifty hints at negative open amid inflation worries
- India and U.S. CPI data expected later today potential market mover
- Asian markets trade higher, led by strong Wall Street handover
As the week unfolds, all eyes will be on how the inflation numbers shape investor sentiment. For now, after a historic surge, the Indian market is pausing but not yet retreating.
