Indian equity indices are expected to open on a subdued note despite positive global cues. The Asian indices surged in morning trade. The GIFT Nifty was trading 0.04% lower at 25,771. Here are key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that most, sectoral performance, etc. 

Earlier on Friday, the NSE Nifty 50 closed the session 88.80 points or 0.35% higher at 25,638, while the BSE Sensex surged 303 points or 0.36% to close at 84,059.

Asia-Pacific markets rose on Monday morning as investors analysed Japan’s industrial output data for May and China’s purchasing managers’ index readings for June. Japan’s benchmark Nikkei 225 climbed 1.13% in early trade, while the broader Topix index advanced 0.77%. In South Korea, the Kospi index added 0.63%, while the small-cap Kosdaq was flat.

The futures contracts tied to the US benchmarks surged on Monday morning. Futures tied to the Dow Jones Industrial Average jumped by 230 points, or 0.52%. S&P 500 futures and Nasdaq futures added 0.1%, each. 

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.17% lower at 97.23 on Monday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.27% to close at 85.48 to the dollar on June 27. 

The crude oil prices were trading on a lower note on Monday morning. WTI crude prices were trading at $64.78, down by 1.13%, while Brent crude prices were trading at $66.18, down by 0.94%. 

Foreign institutional investors (FII) were the net buyers of shares worth Rs 1,504.93 crore. On the other hand, the Domestic institutional investors (DII) were the net sellers of shares worth Rs 765.82 crore on June 27, 2024, according to the provisional data available on the NSE.

The rate for 24-carat gold today is Rs 95,790 per 10 grams, retreating from its all-time high. However, the safe haven’s price is still near the Rs 1 lakh mark. The rate of gold has fallen by 3.58% in the past one month. The 22 kt gold rate today is Rs 87,808 per 10 grams. The 18-carat gold price today is Rs 71,843.

The fertiliser sector’s stocks surged the most in terms of market capitalisation by 3.35% in Friday’s trade, and agriculture stocks followed the paint sector stocks. The transport sector stood behind the automobile sector, climbing 2%, and it was followed by cement stocks that rose 1.6%.

The Nagarjuna Group’s market capitalisation has risen the most in Friday’s trade, gaining 4.6%. In the list of Nagarjuna Group stocks, NACL Industries gained up to 5%. Further, BK Birla Group followed the list, whose market cap increased by almost 4.6% and Arvind Mafatlal Group’s market cap increased by 3.15%, and others. However, the Jaipuria Group’s market cap declined the most, falling almost 2.5%.