The benchmark Sensex and Nifty indices are expected to open lower on June 12 following indication from GIFT Nifty, which is trading lower at 23306.
Track latest updates on GIFT Nifty right here on Moneycontrol.
The Nifty and Sensex ended traded mostly flat-to-positive on June 11, with NSE Nifty 50 reaching within touching distance of its all-time high that it hit in the previous session. However, the benchmark indices gave up gains towards end of the trading session, with Nifty and Sensex turning flat.
At close, the Sensex was down 33 points or 0.04 percent at 76,456 and the Nifty 50 was up 5.60 points or 0.02 percent at 23,265.
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 43 points lower on June 12, compared to the Nifty 50 close, indicating a negative start for the day. Nifty futures were trading at 23306 at 07:00 am IST.
Asian Equities (Mixed)
Asian markets were mixed on Wednesday, ahead of inflation data from both China and India.
Traders in Asia will also look toward the U.S. Federal Reserve’s decision on Wednesday stateside, which will come hours after the country’s May inflation report. At 07:00 am IST, Asian indices were trading as follows:
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | - 0.08 | -0.29 | 5 |
| Nikkei | -0.65 | 1.27 | 4.72 |
| Hang Seng | -0.79 | 0.01 | 6.26 |
| Taiwan | 0.50 | 3.70 | 15.68 |
| Kospi | 0.41 | 3.61 | -3.86 |
The Nasdaq and the S&P 500 rose on Tuesday to end at all-time highs, reversing early losses as investors prepared for upcoming inflation data and the U.S. Federal Reserve's policy meeting.
The Dow Jones Industrial Average fell 120.62 points, or 0.31%, to 38,747.42, the S&P 500 gained 14.53 points, or 0.27%, to 5,375.32 and the Nasdaq Composite added 151.02 points, or 0.88%, to 17,343.55.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.31 | 0.28 | 3.25 |
| S&P500 | 0.27 | 1.98 | 13.18 |
| Nasdaq | 0.88 | 3.77 | 16 |
The US 10-year Treasury yields were trading flat at 4.40 percent, while US 2 year bond yields were up marginally at 4.83 percent ahead of the Labor Department's Consumer Price Index (CPI) report.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.40 | 4.49 | 3.87 |
| US 2-Year Treasury | 4.83 | 4.87 | 4.25 |
The dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market players awaited key U.S. inflation data and the Federal Reserve's updated interest rate projections due later in the day.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 105.28 | 104.67 | 101.33 |
The Asian currencies were trading lower against the US dollar in the early trade on Wedneday. At 07.00 am IST, Asian currencies were trading as follows.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.049 | -1.28 | -5.46 |
| South Korean Won | -0.051 | -0.766 | -6.35 |
| Japanese Yen | -0.019 | -0.59 | -10.25 |
| Philippines Peso | -0.012 | -1.46 | -5.65 |
| Thai Baht | -0.076 | 0.092 | -6.8 |
| Taiwan Dollar | -0.063 | 0.034 | -5.64 |
| China Renminbi | -0.094 | -0.291 | -2.13 |
| Malaysian Ringgit | -0.021 | 0.201 | -2.66 |
| Singapore Dollar | -0.007 | 0.022 | -2.41 |
Gold and Silver prices were trading marginally lower in the early trade on Tuesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.10 | -0.58 | 12.18 |
| Silver | -0.11 | -3.90 | 22.86 |
Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.36 | 1.56 | 9.10 |
| Brent Crude | 0.22 | 0.61 | 6.58 |
LME commodity prices fell in the early trade on Wednesday, with Lead and Zinc shed more than 2 percent each, while Copper and Aluminium prices down 1.5 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -1.50 | -4.49 | 6.27 |
| Copper | -1.41 | -2.8 | 14.2 |
| Nickel | -0,41 | -9.6 | 7.31 |
| Lead | -2.29 | -5.13 | 4.25 |
| Zinc | -2.8 | -6.68 | 4.25 |
After two day's of buying the Foreign institutional investors (FIIs) remained seller on June 11 as they sold Indian equities worth Rs 111 crore , while domestic institutional investors extended their buying as they purchased equities worth Rs 3193 crore on same day.
| FII/DII (RS CR) | 11th June | MTD | YTD |
| FII Net Flows | -111.04 | -11,257.1 | -1,39,870 |
| DII Net Flows | 3,193.29 | 11,536.5 | 2,16,742 |
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.
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