Indian equity indices are expected to open on a positive note following mixed global cues. The Asian indices were mixed in morning trade. The GIFT Nifty was trading 0.14% higher at 25,566. 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 88 points or 0.35% lower at 25,453, while the BSE Sensex declined 288 points or 0.34% to close at 83,410.

Asia-Pacific markets traded mixed on Thursday morning as investors await details on the US-Vietnam trade agreement. Japan’s benchmark Nikkei 225 slipped 0.15% and the Topix lost 0.21%. South Korea’s Kospi added 0.77% and the small-cap Kosdaq rose 0.5%.

The US markets closed Wednesday’s session on a higher note as the US signeda  deal with Vietnam. The S&P 500 index gained 0.47% and closed at 6,227.42. The Nasdaq Composite advanced 0.94% and posted a record close of 20,393.13. The Dow Jones Industrial Average slipped 10.52 points, or 0.02%, and ended at 44,484.42.

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.05% lower at 96.69 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 0.20% to close at 85.70 to the dollar on July 02. 

The crude oil prices continued to trade on a lower note on Thursday morning. WTI crude prices were trading at $67.09, down by 0.54%, while Brent crude prices were trading at $68.63, down by 0.70%. 

Foreign institutional investors (FII) were the net sellers of shares worth Rs 1,542.56 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 2,763.07 crore on July 02, 2024, according to the provisional data available on the NSE.

The rate for 24-carat gold today is Rs 97,720 per 10 grams, consolidating near its all-time high. The safe haven’s price is near the Rs 1 lakh mark. The rate of gold has surged by 0.43% in the past one week. The 22 kt gold rate today is Rs 89,577 per 10 grams. The 18-carat gold price today is Rs 73,290.