Daily Market Pulse – India Edition Thursday, May 15, 2025

• Currency Market

The #USDINR opened firm at 85.51/52, defying weakness in the U.S. dollar after cooler-than-expected U.S. inflation bolstered expectations for Federal Reserve rate cuts. Despite #dollar softness, the rupee showed signs of possible intraday correction.

• Outlook: Intraday bias is corrective – strategy favors selling on rallies.

• Expected Range: 85.25 – 86.00

Watch pivot levels at 85.42 – 85.65

• Equity Market

#Indianequity benchmarks opened negative, tracking mixed Asian market cues. The early-week optimism—driven by U.S.-China trade deal hopes and AI sector demand—has cooled, leading to profit booking ahead of the weekly #Nifty50 expiry.

Sentiment: Cautious

Event to Watch: Nifty50 Weekly Expiry – Expect intraday volatility

• Bond Market

Indian #BondYields are rising across the curve, from short- to long-term tenors, reflecting:

Inflation expectations creeping up Selling pressure from institutions or profit-takers

• Reminder: Higher yields = Lower bond prices

Investor Tip: Stay alert to #RBI commentary and U.S. bond trends.

• Commodity Market

#PreciousMetals:

The segment remains under pressure as global investors favor risk assets:

#Gold -0.97%, #Silver -1.25%, #Copper -0.58%, #Platinum -0.49%

#BaseMetals:

Outperforming due to robust industrial demand and supply-side constraints:

#Aluminium +1.29%, #Tin +0.37%

• Insight: Stick with selective base metals; avoid bottom fishing in precious metals for now.

 

⚡ Energy Market

#Energyfutures are extending losses following:

#Iran's potential openness to a nuclear deal with former #USPresident Donald #Trump

A surprise build in U.S. #crude stockpiles, raising oversupply concerns

Crude sentiment: Bearish in near term

 

• Key Level: Watch Brent and WTI technical supports for rebound signals

 

Today’s Takeaways

• Sell #USDINR on strength; use pivot levels for entries

• Cautious stance on #equities ahead of expiry

• Monitor #bondyields for #inflation cues

• Go long selectively in base metals; avoid precious metals

• Short-term bearish on crude oil amid #geopolitical developments

THAK YOU