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 4, tracking cues from GIFT Nifty trading around 24,729 a short while ago this morning.

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

In the volatile session on June 3, benchmark equity indices ended lower to extend the losing streak for a third day, with Nifty 50 closing below 24,550 on selling across sectors barring realty.

At close, the Sensex was down 636.24 points or 0.78 percent at 80,737.51, and the Nifty was down 174.10 points or 0.70 percent at 24,542.50. Among broader indices, BSE Midcap shed 0.5 percent, while the smallcap index ended flat, while Nifty Bank slipped after hitting a record high of 56,161.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 24,729, indicating a positive start for the day.

Asian Equities (Rise)

Asian stocks rose at the open after data showed the US labor market is holding up despite concerns about risks from President Donald Trump’s tariff war.

US Equities (Up)

US stock indexes closed higher on Tuesday, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on Washington's tariff plans.

The Dow Jones Industrial Average rose 214.16 points, or 0.51%, to 42,519.64, the S&P 500 gained 34.43 points, or 0.58%, to 5,970.37 and the Nasdaq Composite gained 156.34 points, or 0.81%, to 19,398.96.

US Bond Yield (Flat)

The yields on the US 10-year Treasury and 2-year Treasury were trading with little change in the early Wednesday trade.

Dollar Index (Down)

The dollar drifted lower on Wednesday as the market looked ahead to U.S. employment data for immediate trading cues, while waiting on developments in President Donald Trump's tariff negotiations with key trading partners including China.

Asian currencies (Up)

Asian currencies were trading mostly in the green in the early trade on Wednesday with South Korean Won leading the gainers, followed by Thai Baht, China Renminbi, Japanese Yen, South Korean Won, while Indonesian Rupiah, Philippines Peso were trading lower.

Crude (Down)

Oil prices edged lower in early Asian trade on Wednesday, weighed down by a loosening supply-demand balance following increasing OPEC+ output and lingering concerns over the global economic outlook due to tariff tensions.

Gold (Up)

Gold prices were trading higher at USD around 3362 per ounce, while Silver prices also trading higher at around USD 34.6 per ounce.

Fund Flow Action

The Foreign institutional investors (FIIs) continued their selling on third session on June 3 as they sold equities worth Rs 2,853.83 crore, while Domestic institutional investors (DIIs) extended their buying on 11th day as they bought equities of Rs 5,907.97 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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