Indian benchmark indices Sensex and Nifty 50 are likely to see a muted start on June 6, tracking cues from GIFT Nifty trading around 24,845.50 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Stocks attempted to test higher levels a day ahead of RBI's monetary policy and strength across Asian markets, taking the benchmark Nifty 50 index above 24,700 supported by Reliance Industries and private banking shares on June 5.
At close, the Sensex was up 443.79 points or 0.55 percent at 81,442.04, and the Nifty was up 130.70 points or 0.53 percent at 24,750.90. The BSE Midcap index rose 0.4 percent while the Smallcap index added 0.65 percent.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Flat)
The GIFT Nifty is trading higher at around 24,845.50, indicating a flat opening for the day.
Asian Equities (Up)
Asian equities opened cautiously ahead of US jobs data that may help identify the path ahead for Federal Reserve interest rate cuts.
US Equities (Down)
Wall Street's stock indexes ended lower on Thursday in choppy trade as a slump in Tesla shares offset news of progress in tariff talks between U.S. President Donald Trump and Chinese leader Xi Jinping.
The Dow Jones Industrial Average fell 108.00 points, or 0.25%, to end at 42,319.74. The S&P 500 lost 31.51 points, or 0.53%, at 5,939.30 and the Nasdaq Composite dropped 162.04 points, or 0.83%, to 19,298.45.
US Bond Yield (Flat)
The yields on the US 10-year Treasury and 2-year Treasury were marginally down in the early trade on Friday.
Dollar Index (Flat)
The dollar was headed for a weekly loss on Friday, undermined by signs of fragility in the U.S. economy and as trade negotiations between Washington and its trading partners made little progress despite a looming deadline.
Asian currencies (Down)
Most of Asian currencies were trading lower in the early trade on Friday with Japanese Yen leading the losers followed by Philippines Peso, Malaysian Ringgit, South Korean Won, Singapore Dollar. On year-to-date basis, except Indonesian Rupiah, all other currencies gained between 1-9 percent.
Crude (Down)
Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and China's Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world's two largest economies.
Gold (Up)
Gold rose on Friday and was set for weekly gains, as a spate of weak U.S. economic data outweighed optimism from President Donald Trump's call with his Chinese counterpart Xi Jinping, while investors awaited U.S. payroll data.
Fund Flow Action
The Foreign institutional investors (FIIs) sold equities worth Rs 208 crore on June 5, while Domestic institutional investors (DIIs) bought equities of Rs 2,382 crore on the same day.
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