Indian equity indices are expected to open on a positive note. The Asian indices were trading lower. The GIFT Nifty was up 15 points or 0.06% at 24,729. 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 Tuesday, the NSE Nifty 50 closed the session 83 points or 0.33% lower at 24,750.70, while the BSE Sensex fell 182 points or 0.22% to close at 81,451.

Asia-Pacific markets traded higher on Wednesday morning following the overnight tech gains in the US markets. Japan’s benchmark Nikkei 225 surged 0.83% and the Topix moved up 0.47% at the open. South Korea’s Kospi rose 1.57% while the small-cap Kosdaq advanced 1.06%. The Asia Dow was up 0.90% at 3,627.61. 

The US markets closed Tuesday’s session on a higher note, led by Nvidia’s strong gains. S&P 500 moved up 0.58% to close at 5,970. The Dow Jones Industrial Average gained 214 points, or 0.51%, ending at 42,519.64. The Nasdaq Composite climbed 0.81% to settle at 19,398.96.

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.06% at 99.17 on Wednesday 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 0.22% to close at 85.58 to the dollar on June 03. 

The crude oil prices traded on a lower note on Wednesday morning. WTI crude prices were trading at $63.35, down by 0.09%, while Brent crude prices were trading at $65.56, down by 0.10%. 

Foreign institutional investors (FII) were the net sellers of shares worth Rs 2,853.83 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 5,907.97 crore on June 03, 2024, according to the provisional data available on the NSE.

The gold price remained stable near its all-time high. The rate for 24-carat gold today is Rs 97,790 per 10 grams. The rate of gold has surged by 2.09% in the last week. The 22 kt gold rate today is Rs 89,641 per 10 grams. The 18-carat gold price today is Rs 73,343.

The Arvind Mafatlal Group’s market capitalisation has risen the most in Tuesday’s trade, gaining over 4.5%. In the list of Arvind Mafatlal Group stocks, out of 3 stocks, 2 closed the session in the green. Arvind Mafatlal Group was followed by Essar Group, whose market cap surged almost 3.8%, Dhanuka Group’s market cap increased by 2.92%, and others. However, the Anil Ambani Group’s market cap declined the most, falling 4.34%. 

The shipping sector advanced the most in Tuesday’s trade. Of the 5 stocks in the list of shippping stocks, the majority of them closed the session in the green. The list of fertiliser stocks raised the sector’s market cap by 2.39%. The list of metal stocks followed suit, rising 1.7% in market cap.