The benchmark Sensex and Nifty indices are expected to open higher on June 11 following indication from GIFT Nifty, which is trading higher at 23263.5.
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 (Gains)
The GIFT Nifty is trading 31 points higher on June 11, compared to the Nifty 50 close, indicating a positive start for the day. Nifty futures were trading at 23263.5 at 07:00 am IST.
Asian Equities (Gain)
Asian markets were trading mostly higher in the early trade on Tuesday with Nikkei and Topix up 0.5 percent each. At 07:00 am IST, Asian indices were trading as follows:
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 0.65 | 1.15 | 6.57 |
| Nikkei | 0.67 | 2.22 | 5.77 |
| Hang Seng | -1.11 | 0.62 | 6.93 |
| Taiwan | 0.37 | 3.87 | 15.8 |
| Kospi | 0.23 | 3.6 | -4.08 |
The S&P 500 and Nasdaq eked out record closing highs on Monday, although investors were cautious ahead of this week's consumer prices report and a Federal Reserve policy announcement.
Providing some support to the Nasdaq and S&P 500, Nvidia shares ended up 0.7%, the session after a 10-for-one stock split. Some investors now believe the chip maker might be included in the blue-chip Dow.
The Consumer Price Index report for May is due Wednesday along with the conclusion of the Fed's two-day policy meeting.
The Dow Jones Industrial Average rose 69.05 points, or 0.18%, to 38,868.04, the S&P 500 gained 13.8 points, or 0.26%, to 5,360.79 and the Nasdaq Composite added 59.40 points, or 0.35%, to 17,192.53.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.18 | 0.53 | 3.50 |
| S&P500 | 0.26 | 1.6 | 12.8 |
| Nasdaq | 0.35 | 2.8 | 14.95 |
The US 10-year Treasury yields slipped 31 basis points to 4.45 percent, while US 2 year bond yield shed 17 basis points at 4.87 percent ahead of Consumer Price Index report for May on Wednesday along with the conclusion of the Fed's two-day policy meeting.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.45 | 4.49 | 3.87 |
| US 2-Year Treasury | 4.87 | 4.87 | 4.25 |
The dollar hovered near a one-month peak against the euro and pushed to a one-week high versus the yen on Tuesday as traders braced for crucial U.S. inflation data and fresh Federal Reserve interest rate forecasts the following day.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 105.16 | 104.67 | 101.33 |
The Asian currencies were trading mixed against the US dollar in the early trade on Tuesday. However, on month to date basis, Philippines Peso and Indonesian Rupiah lost 1.5 percent each. At 07.00 am IST, Asian currencies were trading as follows.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.53 | -1.44 | -5.42 |
| South Korean Won | -0.15 | -0.72 | -6.3 |
| Japanese Yen | -0.10 | -0.61 | -10.26 |
| Philippines Peso | 0.15 | -1.44 | -5.6 |
| Thai Baht | -0.060 | 0.027 | -6.8 |
| Taiwan Dollar | -0.48 | 0.065 | -5.6 |
| China Renminbi | -0.037 | -0.40 | -2.03 |
| Malaysian Ringgit | 0.011 | 0.14 | -2.72 |
| Singapore Dollar | 0.052 | 0.015 | -2.43 |
Gold price were trading flat, while Silver prices were down 0.12 percent in the early trade on Tuesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.03 | -0.8 | 12.05 |
| Silver | -0.12 | -3.3 | 24.85 |
Oil prices rose on Tuesday, extending the previous day's rally on hopes of higher seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, though gains were capped by a firmer dollar.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.35 | 1.3 | 8.88 |
| Brent Crude | 0.28 | 0.28 | 6.26 |
LME commodity prices were trading mixed in the early trade on Tuesday, with Zinc added 3 percent, while Nickel and Aluminium prices were trading marginally lower.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -0.23 | -3.03 | 7.89 |
| Copper | 1.4 | -1.40 | 15.66 |
| Nickel | -0.78 | -9.23 | 7.76 |
| Lead | 0.34 | -2.9 | 6.7 |
| Zinc | 3 | -4 | 7.2 |
Foreign institutional investors (FIIs) extended their buying on the second day on June 10 as they bought Indian equities worth Rs 2,572.38 crore , while domestic institutional investors turned net buyers as they purchased equities worth Rs 2,764.46 crore on same day.
| FII/DII (RS CR) | 10th June | MTD | YTD |
| FII Net Flows | 2,572.38 | -11,146 | -1,39,759 |
| DII Net Flows | 2,764.46 | 8,346.17 | 1,86,086 |
Now that you're all set for the day's trade, wish you a profitable day ahead.
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