Benchmark indices Sensex and Nifty 50 are likely to open on a negative note on July 5, tracking cues from GIFT Nifty which was trading near 24356, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol
Indian shares recovered from early losses to finish flat on July 5. Gains in Reliance Industries, State Bank of India, and Hindustan Unilever offset losses in HDFC Bank Ltd. Analysts expressed concerns following a weaker-than-expected Q1 business update from HDFC Bank.
The sensex closed 0.1 percent lower and Nifty, ended up 0.1 percent. During intraday trading, Sensex saw a decline of over 550 points, while Nifty dropped by 130 points.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Down)
The GIFT Nifty is trading lower, indicating a negative opening for the day. Nifty futures were trading at 24356 at 07:00 am IST.
Asian Equities (Gain)
Asian markets were trading mostly higher in the early trade, with Japan’s key benchmark hitting new highs, after scaling record peaks in the previous session.
At 07:00 am IST, here's how Asia was faring.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | -0.09 | 3.27 | 7.27 |
| Topix | -0.37 | 2.82 | 7.22 |
| Hang Seng | 0.04 | 1.91 | 6.19 |
| Taiwan | 0.15 | 2.2 | 24..04 |
| Kospi | 0.85 | 1.7 | 0.75 |
US Equities (Gain)
Wall Street stock indexes closed firmer on Friday, with the tech-heavy Nasdaq and benchmark S&P 500 hitting record highs, as new data showing U.S. labor market weakness boosted expectations for interest rate cuts as early as September.
The Dow Jones Industrial Average rose 67.87 points, or 0.17%, to close at 39,375.87. The S&P 500 gained 30.17 points, or 0.54%, at 5,567.19 and the Nasdaq Composite advanced 164.46 points, or 0.90%, to 18,352.76.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | |||
| S&P500 | |||
| Nasdaq |
US Bond Yield (Up)
The US 10-year yield was trading higher by 27 basis points at at 4.37, while 2-year Treasury yield was higher by 4 basis points at 4.70 in the early trade on Friday.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.37 | 4.27 | 3.93 |
| US 2-Year Treasury | 4.70 | 4.72 | 4.94 |
Dollar Index (Flat)
The U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, while the pound was firm as the Labour party looked set to win a massive majority in the UK general election.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 105.06 | 104.26 | 103.37 |
Asian currencies
Asian currencies were trading higher on Friday, against the US dollar. However, over the past month, except Philippines Peso, most of Asian currencies were depreciated.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.251 | -0.674 | -5.70 |
| South Korean Won | 0.078 | -0.466 | -6.40 |
| Japanese Yen | 0.180 | -3.03 | -12.39 |
| Philippines Peso | 0.058 | 0.396 | -5.43 |
| Thai Baht | 0.076 | -0.038 | -6.42 |
| Taiwan Dollar | 0.114 | -0.290 | -5.72 |
| China Renminbi | 0.006 | -0.277 | -2.30 |
| Malaysian Ringgit | 0.011 | -0.227 | -2.43 |
| Singapore Dollar | 0.067 | -0.155 | -2.27 |
Gold (Gains)
Gold and Silver prices were trading firm in the early trade on Friday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | 0.11 | 1.37 | 14.38 |
| Silver | 0.34 | 4.65 | 28.21 |
Crude (Gains)
Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and holding near their highest levels since late April on hopes of strong summer fuel demand and some supply concerns.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.15 | 3.04 | 17.25 |
| Brent Crude | 0.07 | 1.28 | 13.56 |
LME Commodities (Mixed)
LME commodity prices were trading mixed in the early trade on Friday, with Aluminium down 1 percent, while Nickel down 0.6 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | - 1 | -0.08 | 5.81 |
| Copper | 0.15 | 2.95 | 15.46 |
| Nickel | -0.61 | -0.43 | 3.70 |
| Lead | 0.20 | 0.11 | 7.64 |
| Zinc | -0.15 | 1.67 | 12.36 |
Fund Flow Action
The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 2575 crore on July 4, while domestic institutional investors extended their selling as they sold equities worth Rs 2375 crore.
| RS CRORE | July 4 | MTD | YTD |
| FII Net Flows | 2,575.85 | 5,633.33 | -1,20,942.19 |
| DII Net Flows | -2,375.18 | 1,266.07 | 2,35,105.11 |
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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