Indian benchmark indices, Sensex and Nifty 50, are expected to open flat to slightly positive on May 6, taking cues from GIFT Nifty, which was trading around 24,585.50 earlier this morning.

The domestic markets are likely to reflect the weaker close on Wall Street overnight amid renewed global trade tariff concerns.

Investors will be closely watching the Services PMI Final data for April from both India and China, as well as global market trends, foreign institutional investor activity, and Q4 earnings reports from companies such as Paytm-parent One 97 Communications and HPCL.

Additionally, attention will be on the Federal Reserve’s FOMC meeting, which begins today.

On Monday, the 30-share benchmark index ended at 80796.84 up by 294.85 points or by 0.37 % and then NSE Nifty was at 24461.15 up by 114.45 points or by 0.47 %.

On the global front, Most of the Asian markets shut amid holidays, with the Taiwan Weighted up 0.5 percent.

The S&P 500 fell to snap its longest streak of gains in 20 years on Monday as investors assessed U.S. President Donald Trump's latest tariff announcement ahead of the Federal Reserve's monetary policy decision later this week.

The Dow Jones Industrial Average fell 98.60 points, or 0.24%, to 41,218.83, the S&P 500 lost 36.29 points, or 0.64%, to 5,650.38, and the Nasdaq Composite lost 133.49 points, or 0.74%, to 17,844.24.

Back home, Top traded Volumes on NSE Nifty – Eternal Ltd. 37948115.00, State Bank of India 23986447.00, Oil And Natural Gas Corporation Ltd. 20086323.00, Tata Steel Ltd. 17213477.00, Adani Ports & Special Economic Zone Ltd. 14191797.00,

On NSE, total number of shares traded was 293.72 Crore and total turnover stood at Rs. 89885.27 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 136952 with a total turnover of Rs. 24090.39 Crore. Along with this total number of contracts traded in stock futures were 1310622 with a total turnover of Rs. 80594.22 Crore. Total numbers of contracts for index options were 63707190 with a total turnover of Rs. 11609346.18 Crore. and total numbers of contracts for stock options were 5665356 with a total turnover of Rs. 372182.51 Crore.

The FIIs on 05/05/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 18050.34 Crore and gross debt purchased stood at Rs. 293.52 Crore, while the gross equity sold stood at Rs. 15243.83 Crore and gross debt sold stood at Rs. 756.34 Crore. Therefore, the net investment of equity and debt reported were Rs. 2806.51 Crore and Rs. -462.82