Indian equity markets are set for a positive start on Tuesday, tracking firm cues from Asia. The GIFT Nifty was trading 98 points higher at 24,868, indicating a positive opening. 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.

Indian equity benchmarks closed on a flat note on June 2. Sensex dipped 77.26 points, or 0.09%, to end at 81,373.75, while the Nifty slipped 34.10 points, or 0.14%, to settle at 24,716.60.

Asia-Pacific markets edged up on Tuesday, tracking overnight gains on Wall Street even as global trade tensions continued to simmer. Japan’s Nikkei 225 rose 0.36% at the open, while the broader Topix index traded flat.

In Australia, the S&P/ASX 200 gained 0.19%, extending its cautious uptrend. South Korean markets remained closed for polling day, pausing trade activity in the region.

U.S. stock futures held steady early Tuesday after Wall Street kicked off June with modest gains across major indices.

In Monday’s trade, the S&P 500 rose 0.41% to close at 5,935.94, while the tech-heavy Nasdaq climbed 0.67% to end at 19,242.61. The Dow Jones also edged up by 35 points, finishing at 42,305.48.

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.02% at 98.69 on Tuesday 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 depreciated 0.02% to close at 85.38 to the dollar on June 2.

Crude oil prices were trading higher on Tuesday morning. West Texas Intermediate (WTI) crude rose 0.68% to $62.94, while Brent crude gained 0.61% to trade at $65.02.

Foreign Institutional Investors (FIIs) turned net sellers on June 2, pulling out Rs 2,590 crore from Indian equities, as per NSE’s provisional data. On the other hand, Domestic Institutional Investors (DIIs) stepped in to stabilise the market, pumping in a robust Rs 5,314 crore.

Gold prices edged higher, extending gains after logging their biggest single-day jump in four weeks. The precious metal found support from a weaker dollar and rising investor appetite for safe-haven assets. Tensions around global trade and geopolitical risks have renewed interest in gold, often seen as a hedge in uncertain times.

Back home, as per Goodreturns, 10 grams of 24-carat gold rate today is Rs 98,850, while 22-carat gold costs Rs 90,610. For those preferring 18-carat gold, the price is Rs 74,140 for the same weight.

Best and worst performing business groups

In Monday’s market session, the Pennar Group stole the spotlight with a sharp 10% rally, leading the pack of gainers. ADA Enterprises followed closely with a 7.5% jump. The Essar and Oswal Groups also saw notable traction, climbing 6% and nearly 6%, respectively. The Jaipuria Group posted a healthy uptick of just over 4%.

However, the session wasn’t without its laggards. The Sakthi (Mahalingam) Group took the biggest hit, falling more than 2.5%. The Manipal Group and Essel Group also faced selling pressure, shedding nearly 2.5% and 2%, respectively. Meanwhile, the Hero and BK Birla Groups slipped by around 1.6% to 1.7%.