The benchmark Sensex and Nifty indices are expected to open gap-up on June 3, following GIFT Nifty trends indicating a gain of 628 points (2.77 percent) for the broader index.
The market witnessed extreme volatility on May 31 ahead of GDP data announcement and Lok Sabha general election 'Exit Poll'. At close, the Sensex was up 75.71 points or 0.10 percent at 73,961.31, and the Nifty was up 42 points or 0.19 percent at 22,530.70.
Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for today.
GIFT Nifty (Gain)
The GIFT Nifty is trading 628 points higher on June 3 compared to the Nifty 50 close, indicating a gap-up opening for the day. Nifty futures were trading at 23,316 at 06:50 AM IST.
Asian Equities (Gain)
Asian markets were trading higher on Monday ahead of a private survey on China’s manufacturing sector.
The Caixin manufacturing survey will follow official data from Friday that showed China’s manufacturing sector unexpectedly contracted in May.
At 06:50 AM IST, Asian indices were trading as follows:
| Indices | CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) |
| Nikkei | 1.11 | 1.2 | 4.66 |
| Topix | 1.16 | 1.24 | 6.65 |
| Hang Seng | - | -0.01 | 6.26 |
| Taiwan | 1.74 | 1.87 | 13.6 |
| Kospi | 1.46 | 1.81 | -5.5 |
US stocks rebounded on Friday from sharp losses the day before on news of an improving consumer outlook on inflation, sending the Nasdaq to a fifth straight week of gains and record closing high.
| Indices | CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) |
| Dow Jones | 1.51 | - | 2.96 |
| S&P500 | 0.8 | - | 10.98 |
| Nasdaq | -0.01 | - | 11.83 |
The US 10-year Treasury yields were down by 22 basis points to 4.28 percent, while US 2 year bond yield was trading flat.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.48 | 4.67 | 3.87 |
| US 2-Year Treasury | 4.87 | 5.03 | 4.25 |
The dollar price was trading marginally lower on Monday, while on month-on-month basis, it was up by 0.6 percent.
| Dollar Index | CURRENT PRICE | MONTH AGO | YEAR AGO |
| 104.55 | 106.22 | 101.33 |
The Asian currencies were trading marginally higher against the US dollar in today's trade. Over the last one-year, all the currencies gave a negative return between 2-10 percent. At 06.50 IST, Asian currencies were trading as follows.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.074 | 0.037 | -5.25 |
| South Korean Won | 0.520 | -1.10 | -6.35 |
| Taiwan Dollar | 0.065 | 0.518 | -5.65 |
| Thai Baht | 0.177 | -0.128 | -6.82 |
| Japanese Yen | 0.127 | -2.58 | -10.21 |
| Philippines Peso | 0.277 | -1.19 | -5.27 |
| Singapore Dollar | 0.074 | -0.44 | -2.22 |
| Malaysian Ringgit | -0.042 | 1.4 | -2.40 |
| China Renminbi | -0.126 | -0.011 | -1.95 |
Gold and Silver prices were trading flat in the early trade on Monday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.05 | -0.04 | 12.78 |
| Silver | -0.02 | 0.06 | 28 |
Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.20 | -0.25 | 7.17 |
| Brent Crude | -0.30 | -1 | 5 |
LME commodity prices were trading lower in the early trade on Monday, with Zinc losing the most (down 3 percent), while Aluminium and Nickel slid nearly 2 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | - 1.90 | - | 11.26 |
| Nickel | -1.76 | - | 18.7 |
| Copper | -0.94 | - | 17.3 |
| Lead | -0.18 | - | 9.88 |
| Zinc | -3.32 | - | 11.72 |
The Foreign institutional investors (FIIs) turned net buyers on the final day of the month, as they bought Indian equities worth Rs 1,613.24 crore , while domestic institutional investors bought equities worth Rs 2,114.17 crore on May 31.
| FII/DII (Rs In Cr) | 31st May | MTD | YTD |
| FII Net Flows | 1,613.24 | -46,792.3 | -1,30,226 |
| DII Net Flows | 2,114.17 | 55,739.4 | 2,03,092 |
Now you're all set for the market day! Happy trading!
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