Opening Bell: Nifty 50 Gains 140 Points, Sensex Rises Over 335 Points Ahead of Trump-Xi Meeting

Market Update at 09:33 AM: Indian equity benchmark indices traded higher on Thursday as investors remained cautious yet optimistic ahead of the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing.

The Nifty 50 was trading 140 points, or 0.60 per cent, higher at 23,555.65, while the Sensex advanced 335.41 points, or 0.45 per cent, to 75,013.06 during the session.

Among the Top Gainers on the Nifty 50 index were Cipla, Adani Enterprises, and Adani Ports & Special Economic Zone.

Broader markets also witnessed positive momentum, with the Nifty MidCap index rising 0.49 per cent and the Nifty SmallCap index gaining 0.59 per cent.

On the sectoral front, the Nifty Pharma and Nifty Healthcare indices emerged as the top performers, supported by buying interest in healthcare and pharmaceutical stocks. In contrast, the Nifty IT index was the biggest laggard during the session.

Investor sentiment remained focused on the outcome of the meeting between Trump and Xi Jinping, as market participants looked for signals regarding the future direction of the U.S.-China relationship and its potential impact on global trade and economic growth.

Pre-Market Update at 7:48 AM: The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a positive note on Thursday, May 14, tracking strong global cues and gains across Asian markets.

Gift Nifty hovered around the 23,527 mark, trading at a premium of nearly 123 points over the previous close of Nifty futures, indicating a firm start for domestic equities. Asian markets traded higher, while Wall Street ended mostly in the green overnight, supported by a rally in technology stocks amid continued optimism around artificial intelligence (AI)-linked companies.

U.S. President Donald Trump arrived in Beijing on Wednesday for high-level talks with Chinese President Xi Jinping. Several leading U.S. business executives accompanied Trump, including Elon Musk and Jensen Huang.

Meanwhile, U.S. producer prices recorded their sharpest monthly increase in four years during April. The Producer Price Index (PPI) for final demand rose 1.4 per cent last month after a revised 0.7 per cent increase in March, significantly above Reuters estimates of 0.5 per cent growth. On an annual basis, PPI inflation accelerated to 6.0 per cent, the highest level since December 2022, compared with 4.3 per cent in March.

U.S. Treasury yields moved higher, with long-duration bond yields touching their highest levels since mid-2025. The benchmark 10-year Treasury yield stood at 4.473 per cent after briefly touching 4.50 per cent, while 30-year Treasury yields climbed above 5 per cent. Meanwhile, the 2-year Treasury yield eased slightly to 3.985 per cent after hitting its highest level since March.

Japan’s 10-year government bond yield extended gains for a fourth straight session amid rising inflation concerns. The benchmark 10-year JGB yield climbed 2 basis points to 2.605 per cent, its highest level since May 1997.

Crude oil prices also edged higher ahead of the Trump-Xi discussions and amid ongoing concerns surrounding the U.S.-Iran conflict. Brent crude futures rose 0.12 per cent to USD 105.76 per barrel, while U.S. WTI crude futures gained 0.12 per cent to USD 101.14 per barrel. The U.S. dollar strengthened due to elevated Treasury yields, with the dollar index rising to 98.46.

From a derivatives perspective, the Put-Call Ratio (PCR) stands at 0.80. On the Put side, major open interest concentration was seen at the 23,000 strike, followed by the 24,400 strike, indicating these levels could act as key support zones for the session. On the Call side, significant open interest addition was witnessed at the 23,900 strike during the previous session, suggesting it may act as a strong resistance level. In the near out-of-the-money strikes, heavy open interest was also concentrated at the 24,000 strike.

Technically, the Nifty 50 faces an immediate hurdle near 23,583. A decisive close above this level could push the index towards the May 12 gap zone of 23,757–23,799. Beyond this, the 50-day moving average near 23,872 is expected to act as a major resistance zone.

On the downside, immediate support is placed in the 23,123–23,154 range, which remains a crucial confluence zone of the 61.8 per cent Fibonacci retracement level, the measured move target of the recent breakdown, and the lower end of the April 8 gap. Holding above this support band will remain critical for sustaining hopes of a short-term recovery.

Several companies are also scheduled to announce their quarterly earnings on May 14, including JSW Steel, Hindustan Aeronautics Limited, Muthoot Finance, Indian Railway Finance Corporation, Tata Motors Passenger Vehicles, Siemens Energy India, United Spirits, Vishal Mega Mart, Housing & Urban Development Corporation, Voltas, Endurance Technologies, Global Health, Apollo Tyres, Data Patterns (India), Kirloskar Oil Engines, Sai Life Sciences, Great Eastern Shipping Company, Gujarat Mineral Development Corporation and Kalpataru Projects International.

For Thursday’s session, SAIL remains under the F&O ban list.

On May 12, Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth Rs 4,703.15 crore. Domestic Institutional Investors (DIIs), however, were net buyers, purchasing shares worth Rs 5,869.05 crore during the same session.

The Indian stock market ended marginally higher on Wednesday, snapping a four-session losing streak. The Sensex gained 49.74 points, or 0.07 per cent, to close at 74,608.98, while the Nifty 50 advanced 33.05 points, or 0.14 per cent, to settle at 23,412.60.

U.S. markets ended mostly higher overnight, led by continued buying in AI-linked technology stocks. The Dow Jones Industrial Average slipped 67.36 points, or 0.14 per cent, to close at 49,693.20. The S&P 500 gained 43.29 points, or 0.58 per cent, to end at 7,444.25, while the Nasdaq Composite surged 314.14 points, or 1.20 per cent, to settle at 26,402.34.

Among major technology stocks, Nvidia rose 2.29 per cent, Apple gained 1.38 per cent, Amazon climbed 1.62 per cent, Meta advanced 2.26 per cent and Tesla jumped 2.73 per cent. Microsoft declined 0.63 per cent, while Ford Motor Company surged 13.2 per cent.

Gold prices also moved higher as investors monitored the Trump-Xi meeting. Spot gold rose 0.3 per cent to USD 4,699.87 per ounce, while spot silver declined 0.4 per cent to USD 87.64 per ounce.

Disclaimer: The article is for informational purposes only and not investment advice.

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