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Indian benchmark indices Sensex and Nifty 50 are expected to open on a positive note on May 14, taking cues from GIFT Nifty, which was trading around 24,738.50 earlier this morning.

The domestic market sentiment is likely to be buoyed by strong global cues, particularly the easing of trade tensions between the US and China, as both nations agreed to lower tariffs on each other's goods over the weekend.

Investors will also be assessing domestic retail inflation data for April, which eased to 3.16% from 3.34% in March.

Additionally, they will be watching for the release of wholesale price inflation data due later today. Other key factors on the radar include fourth-quarter earnings, the MSCI index rebalancing for May, trading activity of foreign institutional investors (FIIs), and global market trends.

On May 13, following a record-setting rally the previous session, the benchmark indices witnessed profit booking. The Nifty 50 fell below the 24,600 mark, weighed down by weakness in IT, FMCG, auto, and banking stocks. Meanwhile, the small-cap index continued its upward trajectory.

On Tuesday, the 30-share benchmark index ended at 81148.22 down by -1281.68 points or by -1.55 % and then NSE Nifty was at 24578.35 down by -346.35 points or by -1.39 %.

On the global front, Asian stocks traded in narrow ranges early Wednesday as investors waited for direction after US benchmarks wiped out their 2025 losses on signs trade tensions are easing and after US inflation was softer than forecast.

The dollar fell and major U.S. stock indexes rose on Tuesday on news that U.S. consumer inflation picked up less than expected in April, when President Donald Trump unveiled a raft of tariffs that has wreaked havoc on global markets. The S&P 500 and the Nasdaq advanced on the softer-than-expected inflation numbers and easing of U.S.-China trade tensions.

The S&P 500 rose 42.36 points, or 0.72%, to 5,886.55, and the Nasdaq Composite rose 301.74 points, or 1.61%, to 19,010.09. The Dow Jones Industrial Average fell 269.67 points, or 0.64%, to 42,140.43, under pressure from UnitedHealth's slide after the company suspended its annual forecast and its CEO stepped down. Back home, Top traded Volumes on NSE Nifty – Bharat Electronics Ltd. 57985762.00, Tata Steel Ltd. 54389876.00, Eternal Ltd. 44837486.00, Jio Financial Services Ltd. 19305043.00, Power Grid Corporation of India Ltd. 17988336.00,

On NSE, total number of shares traded was 374.69 Crore and total turnover stood at Rs. 114942.87 Crore. On NSE Future and Options, total number of contracts traded in index futures was 251954 with a total turnover of Rs. 45421.55 Crore. Along with this total number of contracts traded in stock futures were 1550549 with a total turnover of Rs. 99566.71 Crore. Total numbers of contracts for index options were 80606079 with a total turnover of Rs. 14884200.64 Crore. and total numbers of contracts for stock options were 6715922 with a total turnover of Rs. 456599.47 Crore.

The FIIs on 13/05/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 24262.92 Crore and gross debt purchased stood at Rs. 837.57 Crore, while the gross equity sold stood at Rs. 26651.15 Crore and gross debt sold stood at Rs. 952.58 Crore. Therefore, the net investment of equity and debt reported were Rs. -2388.23 Crore and Rs. -115.01