The benchmark Sensex and Nifty indices are likely to open a gap-up on June 28 following cues from GIFT Nifty which is trading near 24,180.5.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian benchmark indices rallied for the third consecutive session on June 27, with Nifty crossing 24,000 for the first time supported by Information Technology and energy names.
At close, the Sensex was up 568.93 points or 0.72 percent at 79,243.18, and the Nifty was up 175.70 points or 0.74 percent at 24,044.50.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Gains)The GIFT Nifty is trading higher, indicating a gap-up start for the day. Nifty futures were trading at 24180.5 at 07:00 am IST.
Asian Equities (Mixed)Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later this year.
At 07:00 am IST, here's how Asia was faring.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | 1.03 | 0.89 | 4.38 |
| Topix | 0.97 | -0.64 | 4.67 |
| Hang Seng | -0.10 | -2 | 4.17 |
| Taiwan | -0.35 | 7.83 | 20.30 |
| Kospi | -0.04 | 5.41 | -2.17 |
Global stock indexes edged higher on Thursday, while U.S. Treasury yields declined slightly after a series of U.S. economic reports suggested ebbing momentum.
The Dow Jones Industrial Average rose 36.26 points, or 0.09%, to 39,164.06, the S&P 500 gained 4.97 points, or 0.09%, to 5,482.87 and the Nasdaq Composite was up 53.53 points, or 0.30%, to 17,858.68.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.09 | 1.23 | 4.23 |
| S&P500 | 0.09 | 3.89 | 15.30 |
| Nasdaq | 0.30 | 6.71 | 19.33 |
The US 10-year yield rose 32 basis points higher at 4.30 and the 2-year Treasury yield was up 18 basis points at 4.72 in the early trade on Friday.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.30 | 4.49 | 3.87 |
| US 2-Year Treasury | 4.72 | 4.87 | 4.25 |
The dollar index, which measures the US currency’s strength against major currencies, was trading at 106.02, up 0.11 percent from its previous close of 105.90.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 106.02 | 104.67 | 101.33 |
Asian currencies traded mostly lower in the early trade on Friday against the dollar.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | yTD (%) | |
| Indonesian Rupiah | 0.043 | -2.03 | -6.13 |
| South Korean Won | -0.141 | -2.12 | -6.96 |
| Japanese Yen | -0.161 | -2.39 | -12.41 |
| Philippines Peso | -0.114 | -1.22 | -5.60 |
| Thai Baht | -0.108 | -0.79 | -7.12 |
| Taiwan Dollar | - 0.089 | -1.22 | -6.10 |
| China Renminbi | -0.0.30 | -0.334 | -2.32 |
| Malaysian Ringgit | -0.091 | -0.674 | -2.71 |
| Singapore Dollar | -0.068 | -0.780 | -2.86 |
Gold prices fell 0.20 percent, while Silver prices declined o.5 percent in the early trade on Friday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.27 | -0.25 | 12.55 |
| Silver | -0.52 | -5.14 | 21.19 |
Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.26 | 6.43 | 14.38 |
| Brent Crude | 0.23 | 6.09 | 12.40 |
LME commodity prices were trading mostly lower in the early trade on Friday, Lead and Aluminium prices were down 0.5 percent each. However, Nickel prices were up 0.28 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -0.78 | -6.03 | 4.55 |
| Copper | -0.20 | -5.22 | 11.18 |
| Nickel | 0.28 | -13.23 | 3.01 |
| Lead | -0.66 | -4.07 | 5.41 |
| Zinc | -0.39 | -1.38 | 10.21 |
The Foreign institutional investors (FIIs) turned net buyers as they bought equities worth Rs 7,658 crore. In comparison, domestic institutional investors turned net sellers as they sold equities worth Rs 3,605 crore on the same day.
| 27th June | MTD | YTD | |
| FII Net Flows | 7,658.77 | 2,060.56 | -1,26,552 |
| DII Net Flows | -3,605.93 | 21,974.8 | 1,99,718 |
Hope you're all set for today'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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
