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Benchmark indices Sensex and Nifty 50 are likely to open flat on July 1, tracking cues from GIFT Nifty which is trading near 24,135.50 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol
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Equity indices extended their rally to fresh highs on June 28, with Nifty crossing 24,100 and Sensex 79,600 led by Reliance Industries and other heavyweights. However, selling at higher levels erased Friday’s gains, sending the indices lower to end in the red.
At close, the Sensex was down 210.45 points or 0.27 percent at 79,032.73, and the Nifty was down 33.90 points or 0.14 percent at 24,010.60.
Here is how financial markets across the globe fared overnight:
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GIFT Nifty (Flat)
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24135.5 at 07:00 am IST.
Asian Equities (Mixed)
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Asian markets started the second half of the year mixed as investors assessed official June business activity data from China and Japan’s business confidence readings.
At 07:00 am IST, here’s how Asia was faring.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Nikkei | 0.43 | 0.40 | 4.33 |
| Topix | 0.53 | 0.49 | 4.82 |
| Hang Seng | 0.01 | -0.01 | 4 |
| Taiwan | 0.19 | 0.07 | 21.42 |
| Kospi | -0.13 | -0.39 | -1.35 |
US Equities (Marginally Lower)
Global stock indexes edged lower on Friday, reversing early gains, while Treasury yields rose and the U.S. dollar declined as investors absorbed data that showed U.S. monthly inflation was unchanged in May.
The Dow Jones Industrial Average fell 45.20 points, or 0.12%, to 39,118.86, the S&P 500 lost 22.39 points, or 0.41%, to 5,460.48 and the Nasdaq Composite lost 126.08 points, or 0.71%, to 17,732.60.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.12 | 1.03 | 4 |
| S&P500 | -0.41 | 3.37 | 14.7 |
| Nasdaq | -0.71 | 5.86 | 18.3 |
US Bond Yield (Down)
The US 10-year yield was down marginally by 4 basis points at 4.39 and the 2-year Treasury yield was down 17 basis points at 4.74 in the early trade on Monday.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| US 10-Year Treasury | 4.39 | 4.49 | 3.87 |
| US 2-Year Treasury | 4.74 | 4.87 | 4.25 |
Dollar Index (Down)
The dollar index, which measures the US currency’s strength against major currencies, was trading 0.18 percent lower at 105.68 from its previous close of 105.86.
| CURRENT PRICE | MONTH AGO | YEAR AGO | |
| Dollar Index | 105.68 | 104.67 | 101.33 |
Asian currencies (mixed vs USD)
Asian currencies are trading mixed on Monday, against the US dollar. Over the past month, most Asian currencies have weakened except the Philippine peso. However, year-to-date, all Asian currencies have weakened, with the Japanese yen being the biggest loser, dropping by over 12%.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | 0.189 | -1.7 | -5.96 |
| South Korean Won | -0.216 | -0.202 | -6.35 |
| Japanese Yen | – 0.037 | -3 | -12.35 |
| Philippines Peso | 0.190 | 0.327 | -5.30 |
| Thai Baht | 0.079 | -0.340 | -6.73 |
| Taiwan Dollar | -0.129 | -0.216 | -5.83 |
| China Renminbi | 0.021 | -0.314 | -2.30 |
| Malaysian Ringgit | – 0.006 | -0.227 | -2.61 |
| Singapore Dollar | 0.103 | -0.635 | -2.52 |
Gold (Down)
Gold and Silver prices were down marginally in the early trade on Monday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.04 | -0.05 | 12.75 |
| Silver | -0.14 | -0.17 | 22.33 |
Crude (Rises)
Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | 0.26 | 0.27 | 14.10 |
| Brent Crude | 0.22 | -1.39 | 10.58 |
LME Commodities (Gain)
LME commodity prices were trading higher in the early trade on Monday, with Nickel, Lead and Aluminium prices were up 1 percent each, while Copper prices were up nearly 1 percent.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | 1.28 | – | 5.89 |
| Copper | 0.88 | – | 12.15 |
| Nickel | 1.10 | – | 4.14 |
| Lead | 1.99 | – | 7.52 |
| Zinc | 0.27 | – | 10.52 |
FII & DII
The Foreign institutional investors (FIIs) sold equities worth Rs 23 crore on June 28. In comparison, domestic institutional investors bought equities worth Rs 6,658 crore on Friday.
| Rs Cr | 28th June | MTD | YTD |
| FII Net Flows | -23.09 | 2,037.47 | -1,26,576 |
| DII Net Flows | 6,658.31 | 28,633.2 | 2,33,839 |
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.
