Stock market today: Will Sensex, Nifty open higher on May 26?
The stock market is expected to open slightly higher on Monday, May 26. This comes after US President Donald Trump decided to delay the deadline for trade talks with the European Union, which has reduced some of the recent pressure on global markets.Gift Nifty futures were trading at 24,935.5 around 8:09 am, which is above Friday's closing level of 24,853.15 for Nifty50. This suggests that Nifty may open in the green, with modest gains expected at the start of the day.TECHNICAL LEVELS TO WATCHMarket experts believe Nifty may continue to trade in a narrow range, with some key support and resistance levels in focus as numerous stocks remain in focus today. VLA Ambala, Co-Founder of Stock Market Today, said, "Nifty is expected to find support around 24,750 and 24,660, while resistance levels can be seen near 24,960 and 25,050."US-EU TRADE TALKS BOOST GLOBAL MOODThe global mood improved after US President Donald Trump chose not to go ahead immediately with a 50% tariff on imports from the European Union. He has extended the deadline for trade negotiations until July 9. This step came after the EU requested more time to work towards a better trade deal. The delay in tariff action has helped reduce short-term tension in global markets.Following this decision, other Asian markets opened slightly higher. The MSCI Asia ex-Japan index rose 0.2%. Oil prices also inched up due to a more positive outlook for fuel demand. The easing of trade worries is being seen as a helpful factor in maintaining market stability.Since early April, the Nifty 50 has gone up by 5.7%. This rise has been supported by foreign investor buying, better earnings from listed companies, and expectations that India will remain less affected by US tariffs. Even with this rise, the index is still 5.4% below its all-time high from September 27, 2024.Foreign portfolio investors continued to support the market on Friday, buying equities worth Rs 1,794.59 crore. This shows strong confidence from overseas investors.VLA Ambala added, "Given the current market sentiments, mid and long-term market participants are advised to grab this buying opportunity during any dips ranging from 3% to 10%."FOCUS ON DOMESTIC DATA AHEADWhile global news is driving sentiment today, local data will also be important in the coming days. Investors will closely watch India's GDP figures for the January-March quarter, which will be released on May 30.The Reserve Bank of India's policy meeting on June 6 is also a key event. If there are signs of a stronger economy or possible support from the central bank, it could help further improve market sentiment.advertisement(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
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