Trade Setup: Global Cues Mixed as Markets Eye Key Economic Data
By ScanX News Team
GIFT Nifty down 0.20%, indicating a slightly negative opening. US markets closed mixed, with Dow up 0.08% and NASDAQ down 0.37%. Asian markets divergent: Nikkei +0.39%, Hang Seng +1.15%. Crude oil up 0.66%, gold rises 0.14%. USD/INR at 85.40, up 0.11%. FIIs net sellers, DIIs net buyers. Corporate actions and quarterly results in focus.
*this image is generated using AI for illustrative purposes only.
Introduction
Global markets are showing mixed signals as traders prepare for the opening bell on June 3, 2025. While some indices are displaying resilience, others are facing headwinds amid ongoing economic uncertainties.
GIFT Nifty Update
The GIFT Nifty futures trading at 24,843.00 points, down 0.20% or 49.50 points from the previous close, suggests a slightly negative start for the cash market.
US Markets
Wall Street ended its previous session on a mixed note:
| Index | Closing Value | Change (%) |
|---|---|---|
| Dow Jones Industrial Average | 42,326.48 | +0.08% |
| NASDAQ Composite | 19,387.75 | -0.37% |
Asian Markets
Asian markets are showing a divergent trend in early trade:
| Index | Current Value | Change (%) |
|---|---|---|
| Japan's Nikkei 225 | 37,615.19 | +0.39% |
| Hong Kong's Hang Seng | 23,424.66 | +1.15% |
Commodity Trends
| Commodity | Price | Change (%) |
|---|---|---|
| WTI Crude Oil | $62.93/barrel | +0.66% |
| Gold Futures | $3,402.10/ounce | +0.14% |
| Silver Futures | $34.40/ounce | -0.85% |
Currency Updates
The US Dollar has strengthened marginally against the Indian Rupee. The USD/INR pair is trading at 85.40, up 0.11% from the previous close.
FII/DII Activity
| Investor Type | Net Activity | Value (₹ Crore) |
|---|---|---|
| Foreign Institutional Investors (FIIs) | Net Sellers | -2,589.47 |
| Domestic Institutional Investors (DIIs) | Net Buyers | +5,313.76 |
Key Global Events
Investors will be closely watching several corporate actions scheduled for today, including:
- Annual general meetings for Lloyds Metals & Energy and Archean Chemical Industries
- Multiple companies set to announce their quarterly results
Conclusion
The mixed global cues and upcoming corporate events set the stage for what could be a volatile trading session. Traders are advised to approach the market with caution and keep a close eye on sector-specific movements.
