First Tick: Top global cues to watch in today’s trade - Moneycontrol.com
FIIs remained net sellers for the seventh consecutive session on June 4, offloading equities worth Rs 4,447 crore. On the other hand, DIIs extended their
FIIs remained net sellers for the seventh consecutive session on June 4, offloading equities worth Rs 4,447 crore. On the other hand, DIIs extended their buying streak to the thirteenth straight session, purchasing equities worth Rs 4,360 crore. The fund house reiterated its long-term conviction that India will become a global hub for data, technology, and digital infrastructure. However, it added that India's limited exposure to artificial intelligence and continued dependence on imported crude oil are weighing on earnings growth and investor sentiment in the near term. Indian equity benchmark indices, the BSE Sensex and Nifty 50, are likely to open marginally lower on June 5, tracking subdued signals from the GIFT Nifty, which was trading nearly flat at around 23,502 in early trade. Track the latest updates on GIFT Nifty right here on Moneycontrol The Indian benchmark indices ended with little change in a range-bound session on June 4 as investors remained cautious ahead of the Reserve Bank of India's (RBI) monetary policy decision due on June 5. Sentiment was also weighed down by uncertainty surrounding a potential US-Iran peace deal and ongoing negotiations over a US-India trade agreement.
At Close, the Sensex was up 13.84 points or 0.02 percent at 74,360.01, and the Nifty was up 10.95 points or 0.05 percent at 23,416.55. Here is how financial markets across the globe fared overnight GIFT Nifty (Flat) GIFT Nifty was trading marginally lower at around 23,502, indicating a flat to negative start for the Indian equity markets. Asian Equities (Down) Asian indices were trading lower in the early trade on Friday with Kospi tumbled as much as 7% as Samsung Electronics Co. and SK Hynix Inc. sank — outsized moves that show how volatile the market has become. The exchange briefly halted program selling as futures slumped, a pause that has become more common this year. US Equities (Rise) Wall Street advanced on Thursday as progress toward ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip selloff that pulled the Nasdaq lower. The Dow Jones Industrial Average rose 874.86 points, or 1.73%, to 51,561.93, the S&P 500 gained 30.63 points, or 0.41%, to 7,584.31 and the Nasdaq Composite lost 23.02 points, or 0.09%, to 26,830.96.
Dollar Index (Up) The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 99.42, on track for a 0.5% gain for the week. US Bond Yield (Down) The yield on 10-year Treasuries and 2-year Treasuries down marginally 4.46% and 4.04%, respectively. Asian Currencies (Mixed) Asian currencies traded on a mixed note against the US dollar, with most regional units weakening amid broad dollar strength. The South Korean Won emerged as the worst performer, declining 0.463%, closely followed by the Indonesian Rupiah, which fell 0.454%. Among other major currencies, the Malaysian Ringgit lost 0.328%, while the Thai Baht, Taiwan Dollar, and Singapore Dollar slipped 0.190%, 0.111%, and 0.070%, respectively. On the other hand, a few currencies bucked the trend. The Philippine Peso was the top gainer in the region, rising 0.109%, followed by the Chinese Renminbi and the Japanese Yen, which advanced 0.059% and 0.056%, respectively. Crude (Down) Oil prices were little changed on Friday following sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia rejected a new ceasefire in Lebanon.
Gold (Slips) Gold prices edged lower on Friday, and were set for a weekly loss, as tensions in the Middle East dampened hopes for a U.S.-Iran peace deal amid rising inflation and rate-hike fears. Fund Flow Action Foreign Institutional Investors (FIIs) remained net sellers for the seventh consecutive session on June 4, offloading equities worth Rs 4,447 crore. On the other hand, Domestic Institutional Investors (DIIs) extended their buying streak to the thirteenth straight session, purchasing equities worth Rs 4,360 crore. Hope you're all set for today's trade. We 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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