<ul>
<li>The Indian stock market is expected to open with minor losses as Gift Nifty started early morning trade at 22,659, down 35 points, or 0.15% tracking the weak global cues in US and Asian markets after US Fed meeting minutes revealed hawkish comments.</li>
<li>On Wednesday, the Indian stock market indices ended higher led by gains in heavyweights.</li>
<li>“Despite weak global cues, markets moved in a range and were positive for most part of the trading session aided by selective buying in IT, FMCG and realty stocks. The mood is currently of utmost caution, as investors don’t want to risk taking major exposure to equity assets with a couple of weeks left for the poll outcome," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.</li>
</ul>
<p><strong>Stay updated with the latest developments in the Indian stock market, including key global cues and earnings reports.</strong></p>
<h2><strong>Gift Nifty Today</strong></h2>
<p>The Gift Nifty today morning is trading lower by more than 10 points from Wednesday close. The Indian stock market is expected to open with minor losses.</p>
<h3><strong>Nvidia Earnings</strong></h3>
<p>The chipmaker Nvidia posted its first quarter earnings after market hours in US on May 22. Net income of Nvidia surged to $14.88 billion in the first quarter ended April 28, up more than seven-fold from $2.04 billion a year earlier. Revenue tripled to $26.04 billion from $7.19 billion in the previous year's quarter.</p>
<p>A 10-for-1 stock split, which divides one share into ten, has also been announced. NVIDIA will additionally pay a quarterly dividend of 10 cents, representing a 150 per cent increase.</p>
<h3><strong>US Fed Meeting Minutes</strong></h3>
<p>The minutes of the last meeting released by the US Fed showed that some of the officials are willing to raise interest rates. This hawkish stance did not go well with the markets.</p>
<p>“Participants noted disappointing readings on inflation over the first quarter," said the minutes released by the FOMC from May 1 meeting. "It would take longer than previously anticipated for them to gain greater confidence that inflation was moving sustainably toward 2%."</p>
<h3><strong>Wall Street</strong></h3>
<p>The US stock market did not take the hawkish comments from April 30-May 1 US Fed meeting minutes. The benchmark indices closed marginally in the red with S&P 500 down 0.27% at 5,307, while Nasdaq ended 0.18% lower at 16,801.</p>
<p>The Dow Jones Industrial Average finished down 0.5 percent at 39,671.04, Bloomberg reported.</p>
<p>The US Treasury 10-year yield was up 1 bpd at 4.42%, while the Dollar Index topped out at 105.</p>
<h3><strong>Conclusion</strong></h3>
<p>In conclusion, the Indian stock market is poised for a cautious start amid weak global cues and hawkish comments from the US Fed. Investors are advised to stay vigilant and consider expert advice before making any investment decisions.</p>
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