Indian equity indices are expected to open on a positive note. The Asian indices were trading mixed. The GIFT Nifty was up 20 points or 0.08% at 24,735. 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 Wednesday, the NSE Nifty 50 closed the session 77.70 points or 0.32% higher at 24,620.20, while the BSE Sensex rose 260.74 points or 0.32% to close at 80,998.25.

Asia-Pacific markets traded mixed on Thursday morning, after private sector hiring in the U.S. hit its lowest level in over two years. Japan’s benchmark Nikkei 225 declined 0.39% and the Topix fell 0.63% at the open. South Korea’s Kospi rose 0.75% while the small-cap Kosdaq advanced 0.28%. The Asia Dow was up 1.10% at 3,636.06. 

The US markets closed Wednesday’s session on a mixed note after private sector hiring hit its lowest level in more than two years. The Dow Jones Industrial Average lost 91.90 points, or 0.22%, ending at 42,427.74. S&P 500 inched up 0.01% to close at 5,970.81. The Nasdaq Composite climbed 0.32% to settle at 19,460.49.

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.02% at 98.81 on Thursday 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 0.36% to close at 85.90 to the dollar on June 04. 

The crude oil prices traded on a lower note on Thursday morning. WTI crude prices were trading at $62.75, down by 0.17%, while Brent crude prices were trading at $64.84, down by 0.03%. 

Foreign institutional investors (FII) were the net buyers of shares worth Rs 1,076.18 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 2,566.82 crore on June 04, 2024, according to the provisional data available on the NSE.

The gold price once again touched a new lifetime high. The rate for 24-carat gold today is Rs 98,630 per 10 grams. The rate of gold has surged by 2.79% in the last week. The 22 kt gold rate today is Rs 90,411 per 10 grams. The 18-carat gold price today is Rs 73,973.

5 top losers on BSE Smallcap Index: Stocks down as much as 20%. Garden Reach Shipbuilders hits fresh 52-week high. Aditya Birla Fashion and Retail hits fresh 52-week low. 10 big NSE price shockers- Garden Reach, IRCON, Astrazeneca surged as much as 15% in 7 days.

 

The Anil Ambani Group’s market capitalisation has risen the most in Wednesday’s trade, gaining over 6%. In the list of Anil Ambani Group stocks, all five stocks closed the session in the green. Anil Ambani Group was followed by Yash Birla Group, whose market cap surged almost 4.7%, Pennar Group’s market cap increased by 4.2%, and others. However, the Oswal Group’s market cap declined the most, falling 2.77%.