The benchmark Sensex and Nifty indices are expected to open lower on June 10 following indication from GIFT Nifty, which is trading lower at 23,292.5.
Track latest updates on GIFT Nifty right here on Moneycontrol.
Indian benchmark indices ended on positive note for the third straight session on June 7 with BSE Sensex hitting all-time high while Nifty 50 index inched closer to its record high level.
At close, the Sensex was up 1,618.85 points, or 2.16 percent, at 76,693.36, and the Nifty was up 468.80 points, or 2.05 percent, at 23,290.20.
Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for the day.
GIFT Nifty (Down)
The GIFT Nifty is trading 37.5 points lower on June 10, compared to the Nifty 50 close, indicating a negative start for the day. Nifty futures were trading at 23,292.5 at 07:00 am IST.
Asian Equities (Mixed)
Asian markets were mixed on Monday after a stronger-than-expected U.S. jobs report on Friday revealed hiring and wage growth picked up in May.At 07:00 am IST, Asian indices were trading as follows:
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | 0.53 | 1.24 | 4.7 |
| Topix | 0.72 | 0.29 | 5.70 |
| Hang Seng | - | - | - |
| Taiwan | - | - | - |
| Kospi | -0.88 | 2.8 | -4.5 |
Wall Street stocks ended slightly lower on Friday in choppy trading after stronger-than-expected U.S. jobs data pointed to a robust economy but prompted worries the Federal Reserve may wait longer to cut interest rates than many investors had hoped.
The Dow Jones Industrial Average fell 87.18 points, or 0.22%, to 38,798.99, the S&P 500 lost 5.97 points, or 0.11%, to 5,346.99 and the Nasdaq Composite lost 39.99 points, or 0.23%, to 17,133.13.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.22 | 0.19 | 3.16 |
| S&P500 | -0.11 | 1.22 | 12.33 |
| Nasdaq | -0.23 | 2.88 | 14.37 |
The US 10-year Treasury yields were trading higher by 18 basis points to 4.44 percent, while US 2 year bond yield was down 9 basis points at 4.88 percent, from their previous close.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.44 | 4.45 | 3.71 |
| US 2-Year Treasury | 4.88 | 4.83 | 4.51 |
The dollar index was steady on expectations of interest rate cuts following strong U.S. jobs data on Friday.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 105.09 | 105.41 | 101.37 |
The Asian currencies were mostly trading lower against the US dollar in the early trade. However, on year to date basis, all the currencies lost between 2-10 percent. At 07.00 am IST, Asian currencies were trading as follows.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.414 | -0.92 | -4.9 |
| South Korean Won | -0.905 | -0.74 | -6.35 |
| Japanese Yen | -0.051 | -0.67 | -10 |
| Philippines Peso | -0.383 | -2.2 | -5.7 |
| Thai Baht | -0.206 | -0.35 | -6.16 |
| Taiwan Dollar | 0.096 | 0.41 | -5.15 |
| China Renminbi | -0.037 | -0.40 | -2.03 |
| Malaysian Ringgit | -0.541 | 0.47 | -2.62 |
| Singapore Dollar | -0.015 | 0.15 | -2.38 |
Gold price were steady, while Silver prices were up 0.5 percent in the early trade on Monday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.13 | -1.35 | 11.32 |
| Silver | 0.55 | -3.63 | 23.18 |
Oil prices nudged lower for a second straight session on Monday, weighed down by a firmer dollar as expectations of interest rate cuts were pushed out further following strong U.S. jobs data on Friday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 75.51 | -1.9 | 5.4 |
| Brent Crude | 79.62 | -2.45 | 3.35 |
LME commodity prices fell in the early trade on Monday, with Zinc prices shed nearly 5 percent, while Copper prices were down nearly 4 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | - 2.63 | -2.81 | 8.14 |
| Copper | -3.81 | -2.76 | 14 |
| Nickel | -2.70 | -8.5 | 8.6 |
| Zinc | -4.91 | -6.8 | 4.1 |
| Lead | -1.9 | -3.2 | 6.3 |
Foreign institutional investors (FIIs) turned net buyers on June 7 as they bought Indian equities worth Rs 4,391.2crore , while domestic institutional investors sold equities worth Rs 1,289.75 crore on same day.
| FII/DII (Rs Cr) | 7th June | MTD | YTD |
| FII Net Flows | 4,391.2 | -13,718.4 | 5,578.71 |
| DII Net Flows | -1,289.75 | -1,42,331 | 2,10,785 |
Now that you're all set for the day's trade, wish you a profitable day ahead.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
