Benchmark indices Sensex and Nifty 50 are likely to open higher on July 2, tracking cues from GIFT Nifty which is trading near 24,245 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol
Indian benchmark indices erased previous session losses and ended higher on July 1 led by IT, auto and FMCG stocks. At close, the Sensex was up 443.46 points or 0.56 percent at 79,476.19, and the Nifty was up 131.40 points or 0.55 percent at 24,142.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Gains)
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 24245 at 07:00 am IST.
Asian Equities (Mixed)
Asian markets were trading mixed on Tuesday, despite gains on Wall Street that saw the Nasdaq Composite reached a new record on the strength of tech stocks.
At 07:00 am IST, here's how Asia was faring.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | 0.17 | 0.86 | 3.84 |
| Topix | 0.67 | -0.06 | 5.18 |
| Hang Seng | -0.01 | 0.10 | 4.20 |
| Taiwan | -0.44 | -0.87 | 20.32 |
| Kospi | -0.66 | -1.16 | -2.09 |
US Equities (Gain)
Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&P 500 also eked out slight gains in light pre-holiday trading.
The Dow Jones Industrial Average rose 50.66 points, or 0.13%, to close at 39,169.52, the S&P 500 gained 14.61 points, or 0.27%, to 5,475.09 and the Nasdaq Composite gained 146.70 points, or 0.83%, to 17,879.30.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.13 | 0.20 | 4.22 |
| S&P500 | 0.27 | 0.34 | 15.11 |
| Nasdaq | 0.83 | 0.90 | 19.45 |
US Bond Yield (Down)
The US 10-year yield was down 22 basis points at 4.44 and the 2-year Treasury yield was down 9 basis points at 4.75 in the early trade on Tuesday.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.44 | 4.49 | 3.87 |
| US 2-Year Treasury | 4.75 | 4.87 | 4.25 |
Dollar Index (Flat)
The dollar index, which measures the US currency’s strength against major currencies, was trading flat at 105.87 from its previous close of 105.90.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 105.87 | 104.67 | 101.33 |
Asian currencies (Down vs USD)
Asian currencies are trading lower on Tuesday, against the US dollar. Over the past month, all the Asian currencies have weakened, while year-to-date, the currencies fell between 2-12 percent, with the Japanese yen being the biggest loser, dropping by over nearly 13%.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.331 | -0.558 | -5.64 |
| South Korean Won | -0.260 | -0.816 | -6.93 |
| Japanese Yen | -0.111 | -3.43 | -12.74 |
| Philippines Peso | -0.230 | -0.168 | -5.77 |
| Thai Baht | -0.128 | -0.465 | -6.85 |
| Taiwan Dollar | -0.205 | -0.610 | -6.22 |
| China Renminbi | -0.030 | -0.400 | -2.35 |
| Malaysian Ringgit | -0.129 | -0.282 | -2.64 |
| Singapore Dollar | -0.029 | -0.891 | -2.71 |
Gold (Flat)
Gold prices were trading flat, while Silver prices were down marginally in the early trade on Tuesday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.04 | 0.25 | 13.08 |
| Silver | -0.23 | 0.85 | 23.52 |
Crude (Flat)
Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.06 | 2.32 | 16.44 |
| Brent Crude | 0.10 | 0.32 | 12.53 |
LME Commodities (Mixed)
LME commodity prices were trading mixed in the early trade on Tuesday, with Zinc, Lead and Aluminium prices were trading lower, while Copper and Nickel prices were up 0.3 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -0.30 | -0.30 | 5.52 |
| Copper | 0.32 | 0.32 | 12.51 |
| Nickel | 0.38 | 0.38 | 4,54 |
| Lead | -0.25 | -0.25 | 7.25 |
| ZInc | -0.31 | -0.32 | 10.18 |
FII & DII
The Foreign institutional investors (FIIs) sold equities worth Rs 426 crore on July 1, while domestic institutional investors bought equities worth Rs 3,917.43 crore.
| RS CR | July 1st | MTD | YTD |
| FII Net Flows | -426.03 | -426.03 | -1,27,001.55 |
| DII Net Flows | 3,917.43 | 3,917.43 | 2,37,756.47 |
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.
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