The SGX Nifty lost 0.28% in trade on Friday morning, signaling that domestic indices NSE Nifty 50 and BSE Sensex would open on a negative basis. Nifty futures were 52.5 points lower on the Singaporean exchange at  18,414. Benchmark indices NSE Nifty 50 and BSE Sensex ended the monthly F&O expiry session in green. The Nifty 50 ended near the day’s high, rising 0.20% to 18,321 and BSE Sensex rose 98.84 points to 61,873. 

“Global markets maintained their influence, exerting downward pressure on the domestic market in response to weaker cues from the US market and the recession in Germany. However, as US futures rose, propelled by a sharp increase in sales projections from chipmaker Nvidia, the domestic market was able to efficiently recoup its earlier losses,” said Vinod Nair, Head of Research, Geojit Financial Services.

Key things to know before share market opens

Wall Street

Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chip maker’s stock soaring and fueled a rally in AI-related companies, according to Reuters. The Dow Jones Industrial Average slipped 0.11%, the tech-heavy Nasdaq Composite jumped 1.71% while the S&P 500 gained 0.88%.

Asian Markets

Shares in Asia-Pacific were trading mixed on Friday. Hong Kong’s Hang Seng tanked 1.97% while China’s Shanghai Composite traded lower by 0.38%. Japan’s Nikkei 225 added 0.87% as Taiwan’s TSEC 50 was 1.19% higher and South Korea’s Kospi was up 0.11%. 

Crude Oil

Brent crude slipped 4 cents to $76.22 a barrel at 0022 GMT, while U.S. West Texas Intermediate was up 9 cents, or 0.1%, at $71.92 a barrel.

FII/DII Data

Foreign institutional investors (FII) net bought shares worth net Rs 589.10 crore, while domestic institutional investors (DII) net purchased shares worth net Rs 338.44 crore on May 25, according to the provisional data available on the NSE.

F&O Ban

The National Stock Exchange has no securities on its F&O ban list for 26 May. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&am...