The benchmark Sensex and Nifty indices are expected to open flat on June 7 following indication from GIFT Nifty, which is trading flat at 22,910.
Track latest updates on GIFT Nifty right here on Moneycontrol.
Indian stock markets ended positively for the second consecutive session on news of the BJP-led NDA securing a third consecutive term. Global stocks rose on expectations of a US rate cut and sustained growth in artificial intelligence.
At closing, Sensex surged by 0.93 percent or 692.27 points, reaching 75,074.51, while the Nifty index closed at 22,821.40, up by 0.89 percent or 201 points. In broader indices, BSE MidCap rose by 2.3 percent, and BSE SmallCap saw a jump of 3.06 percent.
Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for the day.
GIFT Nifty (Flat)
The GIFT Nifty is trading 8 points lower on June 7, compared to the Nifty 50 close, indicating a flat start for the day. Nifty futures were trading at 22,910 at 07:00 am IST.
Asian Equities (Mixed)
Asian markets were trading mixed on Friday as investors awaited key economic data from China and Japan, with markets also assessing the European Central Bank’s rate cut.
At 07:00 am IST, Asian indices were trading as follows:
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | -0.05 | 0.36 | 5 |
| Topix | -0.02 | 1.45 | 5.76 |
| Hang Seng | - | 2.3 | 8.76 |
| Taiwan | -0.17 | 3.9 | 15.8 |
| Kospi | 0.69 | 4.26 | -3.25 |
The S&P 500 and Nasdaq composite finished a shade lower on Thursday ahead of a key labor market report, retreating from record highs reached in the previous session. The Dow was slightly higher.
The Dow Jones Industrial Average rose 78.84 points, or 0.20%, to 38,886.17, the S&P 500 lost 1.07 points, or 0.02%, to 5,352.96 and the Nasdaq Composite lost 14.78 points, or 0.09%, to 17,173.12.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.20 | 0.53 | 3.51 |
| S&P500 | -0.02 | 1.44 | 12.59 |
| Nasdaq | -0.09 | 2.63 | 14.77 |
The US 10-year Treasury yields were trading higher by 14 basis points to 4.29 percent, while US 2 year bond yield was up 9 basis points at 4.72 percent, from their previous close.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.29 | 4.67 | 3.87 |
| US 2-Year Treasury | 4.72 | 5.03 | 4.25 |
The dollar hovered close to an eight-week low on Friday, ahead of a crucial U.S. jobs report that should provide clues on the timing of Federal Reserve interest rate cuts.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 104.13 | 106.22 | 101.33 |
The Asian currencies were trading mixed against the US dollar in the early trade. However, on year to date basis, all the currencies were trading with negative return. At 07.00 am IST, Asian currencies were trading as follows.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.14 | -1.45 | -5.31 |
| South Korean Won | 0.041 | -0.42 | -5.45 |
| Japanese Yen | -0.10 | -0.73 | -9.5 |
| Philippines Peso | 0.10 | -2.22 | -5.39 |
| Thai Baht | 0.14 | 1.35 | -5.85 |
| Taiwan Dollar | -0.012 | 0.30 | -5.26 |
| China Renminbi | 0.037 | -0.50 | -2 |
| Malaysian Ringgit | - | -0.44 | -2.1 |
| Singapore Dollar | -0.007 | -0.49 | -1.9 |
Gold and Silver prices were trading marginally lower in the early trade on Thursday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.11 | 2.18 | 15.28 |
| Silver | 0.13 | 3.11 | 31.77 |
Oil prices rose on Friday, continuing to climb after OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse output agreements and as an interest rate cut in Europe raised the prospect of a similar U.S. move.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 75.75 | -1.61 | 5.71 |
| Brent Crude | 80.10 | -1.87 | 3.96 |
LME commodity prices gained in the early trade on Friday, with Copper prices surged more than 2 percent, while Nickel and and Zinc were up more than 1 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 0.97 | -0.19 | 11.05 |
| Copper | 2.25 | 1.09 | 18.58 |
| Nickel | 1.33 | -5.98 | 11.61 |
| Zinc | 1.61 | -2 | 9.48 |
| Lead | 0.54 | -1.39 | 8.36 |
Foreign institutional investors (FIIs) continued their selling on third consecutive session on June 6 as they offloaded Indian equities worth Rs 6,867.7 crore , while domestic institutional investors bought equities worth Rs 3,718.38 crore on same day.
| FII/DII (Rs Cr) | 6th June | MTD | YTD |
| FII Net Flows | -6,867.7 | -18,109 | -1,46,722 |
| DII Net Flows | 3,718.38 | 6,868.46 | 2,12,074 |
Now that you're all set for the day's trade, wish you a profitable day ahead.
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