First Tick: Here are the top global cues for today’s trade

Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to see a positive start on June 3, tracking cues from GIFT Nifty trading around 24,865.50 a short while ago this morning.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

Benchmark indices ended the session in the red but near day's high, sharply off lows on sustained recovery seen in the second half of the session on June 2, shrugging off geopolitical uncertainty and trade deal worries. Nifty 50 managed to close above 24,700 supported by buying in FMCG, PSU bank and realty stocks, however, selling in Metal and IT stocks checked the recovery.

At close, the Sensex was down 77.26 points or 0.09 percent at 81,373.75, and the Nifty was down 34.10 points or 0.14 percent at 24,716.60. Broader indices outperformed the main benchmarks, with the BSE midcap index 0.6 percent higher, and smallcap index gaining 0.4 percent.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Gains)

The GIFT Nifty is trading higher at around 24,865.50, indicating a positive start for the day.

Asian Equities (Up)

Asian shares were off to a tepid start at the open Tuesday after a rebound in big tech drove US stocks
higher.

US Equities (Gain)

Wall Street ended a choppy session higher on Monday and the dollar softened as trade tensions between Washington and Beijing heated up and investors showed caution ahead of U.S. employment data and a widely expected policy rate cut from the European Central Bank.

The Dow Jones Industrial Average rose 35.41 points, or 0.08%, to 42,305.48, the S&P 500 rose 24.25 points, or 0.41%, to 5,935.94 and the Nasdaq Composite rose 128.85 points, or 0.67%, to 19,242.61.

US Bond Yield (Mixed)

The yields on the US 10-year Treasury is trading marginally higher, while 2-year Treasury yield was trading lower in the early Tuesday trade.

Dollar Index (Down)

The dollar fell to a six-week low on Tuesday on signs of fragility in the U.S. economy because of damage from the trade war President Donald Trump's administration is waging.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early trade on Tuesday with with Indonesian Rupiah leading the gainers, followed by Malaysian Ringgit, South Korean Won, Philippines Peso, while losers were Thai Baht, Singapore Dollar, Taiwan Dollar, China Renminbi, Japanese Yen..

Crude (Up)

Oil prices rose in early Asia trade on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer, and with production in Canada hit by wildfires.

Gold (Down)

Gold prices were trading lower at USD around 3363 per ounce, while Silver prices were down nearly 1 percent at around USD 34 per ounce.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their selling on second consecutive session on June 2 as they sold equities worth Rs 2,589 crore, while Domestic institutional investors (DIIs) extended their buying on tenth day as they bought equities of Rs 5,313 crore on the same day.

Hope you're all set for today's trade. We wish you a profitable day ahead.

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