Benchmark indices Sensex and Nifty 50 are likely to open on a positive note on July 4, tracking cues from GIFT Nifty which was trading near 24,455, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol
Bulls were back in action on Dalal Street on July 3 as both the benchmarks crossed major milestones led by buying across sectors, barring media.
At close, the Sensex was up 545.35 points or 0.69 percent at 79,986.80, and the Nifty was up 162.65 points or 0.67 percent at 24,286.50.
BSE Sensex and Nifty50 touched record highs of 80,074.3 and 24,309.15, respectively.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Gains)
The GIFT Nifty is trading higher, indicating a positive opening for the day. Nifty futures were trading at 24,455 at 07:00 am IST.
Asian Equities (Gain)
Asian markets were trading higher on Thursday morning as Japan’s Topix crossed its all-time high of 2,886.50, previously set in December 1989. The Topix jumped 0.56% in early morning trading, while the Nikkei 225 rose 0.55% in the early trade.
At 07:00 am IST, here's how Asia was faring.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | 0.42 | 7.84 | 6.88 |
| Topix | 0.48 | 2.57 | 7 |
| Hang Seng | |||
| Taiwan | 1.15 | 1.54 | 23.20 |
| Kospi | 0.85 | 0.57 | -0.39 |
US Equities (Gain)
The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September.
The Dow Jones Industrial Average closed slightly lower, pressured by selling in healthcare and consumer stocks during a shortened trading session ahead of the Fourth of July. The market will stay closed on Thursday for U.S. Independence Day, keeping trading volumes thin throughout the week.
The Dow Jones Industrial Average fell 23.85 points, or 0.06%, to close at 39,308.00, the S&P 500 gained 28.01 points, or 0.51%, to 5,537.02 and the Nasdaq Composite gained 159.54 points, or 0.88%, to 18,188.30.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.06 | 0.65 | 4.70 |
| S&P500 | 0.51 | 1.57 | 16.53 |
| Nasdaq | 0.88 | 2.74 | 21.63 |
US Bond Yield (Flat)
The US 10-year yield was trading 2flat at 4.35, while 2-year Treasury yield was also flat at 4.70 in the early trade on Thursday.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.35 | 4.49 | 3.87 |
| US 2-Year Treasury | 4.70 | 4.87 | 4.25 |
Dollar Index (Down)
The dollar was on the back foot on Thursday after U.S. economic data continued to point to slowing growth, although that gave little relief to the yen, which was pinned around a 38-year low that kept the market on alert for government intervention.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 105.26 | 104.67 | 101.33 |
Asian currencies (Up vs USD)
Asian currencies were trading higher on Thursday, against the US dollar. However, over the past month, most Asian currencies were depreciated with Japanese Yen leading as the top loser.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.153 | -0.861 | -5.93 |
| South Korean Won | 0.392 | -0.328 | -6.47 |
| Japanese Yen | 0.316 | -3.91 | -12.50 |
| Philippines Peso | 0.210 | 0.208 | -5.50 |
| Thai Baht | 0.271 | 0.090 | -6.36 |
| Taiwan Dollar | 0.255 | -0.531 | -6.11 |
| China Renminbi | 0.012 | -0.392 | -2.34 |
| Malaysian Ringgit | 0.170 | -0.208 | -2.46 |
| Singapore Dollar | 0.118 | -0.399 | -2.36 |
Gold (Flat)
Gold and Silver prices were trading flat in the early trade on Thursday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.10 | 1.37 | 14.33 |
| Silver | 0.08 | 4.67 | 28.11 |
Crude (Down)
Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.38 | 2.40 | 16.62 |
| Brent Crude | -0.35 | -0.72 | 12.97 |
LME Commodities (Gain)
LME commodity prices were trading higher in the early trade on Thursday, with Zinc, Nickel and Copper up 2 percent each, while Zinc and Aluminium prices were up 1 percent each.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 1.01 | 0.93 | 6.88 |
| Copper | 2.02 | 2.80 | 15.29 |
| Nickel | 1.81 | 0.19 | 4.34 |
| Lead | 0.89 | -0.09 | 7.42 |
| Zinc | 2.34 | 1.82 | 12.53 |
Fund Flow Action
The foreign institutional investors (FIIs) turned net buyers as they sold equities worth Rs 5,483.63 crore on July 3, while domestic institutional investors sold equities worth Rs 924 crore.
| RS CRORE | July 3 | MTD | YTD |
| FII Net Flows | 5,483.63 | 3,057.48 | 1,23,518.04 |
| DII Net Flows | -924.43 | 3,641.25 | 2,37,480.29 |
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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