Japanese government bond yields retreat after strong 10-year note auction
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Business Standard
41 minutes ago
- Business Standard
Indices may see a dull start
GIFT Nifty: GIFT Nifty June 2025 futures were trading 4.50 points lower in early trade, suggesting a flat-to-negative opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth 1,076.18 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,566.82 crore in the Indian equity market on 4 June 2025, provisional data showed. According to NSDL data, FPIs have sold shares worth Rs 13770.95 crore in the secondary market during June 2025. This follows their purchase of shares worth Rs 18082.82 crore in May 2024. Global Markets: Most Asian indices rose on Thursday, with the South Korean market extending gains from the previous session. Investor attention remained on a potential call between former U.S. President Donald Trump and Chinese President Xi Jinping, which the White House indicated could take place this week. Optimism surrounding the potential dialogue contributed to gains on Wall Street earlier in the week. On Wednesday, U.S. markets closed mixed. The Dow Jones Industrial Average declined by 0.22%, while the S&P 500 inched up 0.01% and the Nasdaq Composite gained 0.32%, supported by strength in technology stocks. Meanwhile, private sector hiring in the U.S. fell to its lowest level in over two years. Data from payroll processor ADP showed that payrolls increased by only 37,000 in May, compared to a revised 60,000 in April. The report has heightened concerns about the impact of trade-related uncertainty on the U.S. economy. The data precedes the release of the official nonfarm payrolls report for May, scheduled for Friday, which investors now expect to show further weakness. Domestic Market: Benchmark indices snapped a three-day losing streak and closed higher Wednesday, with the Nifty reclaiming the 24,600 mark, supported by broad-based buying across sectors. Positive cues from global markets and optimism over a possible breakthrough in US-China trade talks helped boost sentiment. However, caution lingered ahead of the RBI policy decision due on Friday, June 6. Persistent FII outflows and a stronger dollar index, which climbed above 99.00, also kept gains in check. The S&P BSE Sensex advanced 260.74 points or 0.32% to 80,998.25. The Nifty 50 index added 77.70 points or 0.32% to 24,620.20. In the previous three sessions, the Sensex and Nifty declined 1.1% and 1.17%, respectively.
Time of India
an hour ago
- Time of India
Stocks to buy today: Swiggy, SRF among top 6 trading ideas for 5 June 2025
On the options front, the maximum Call Open Interest (OI) is placed at the 25,000 strike, followed by the 24,600 strike, while the maximum Put OI is seen at the 24,600 strike, followed by 24,500. Call writing is visible at the 24,600 and 24,700 strikes, while Put writing is concentrated at 24,600 and 24,500. Foreign institutional investors (FIIs) snapped a three-day selling streak by purchasing equities worth Rs 1,076 crore on June 4. Domestic institutional investors (DIIs) extended their buying streak for a 12th straight day, investing Rs 2,566 crore in equities on the same day. 'Options data suggests a broader trading range between 24,200 to 25,100 zones, with an immediate range between 24,300 to 24,900 levels,' said Chandan Taparia, Analyst – Derivatives at Motilal Oswal Financial Services . The Nifty index recovered and traded within a narrow range of approximately 100 points for the remainder of Wednesday's session. 'Now the index has to cross and hold above the 24,700 zone for a potential move towards 24,800, then 25,000. Otherwise, weakness could emerge towards 24,500, and further down to 24,300,' Taparia added. The BSE Sensex formed an Inside Bar pattern on the daily charts on Wednesday, indicating range-bound momentum in the near term. Stocks to watch for short-term trading (Expert Picks) Expert: Rajesh Palviya, VP - Technical & Derivative Research, Axis Securities (via ETBureau) Swiggy: Buy | Target: Rs 425 | Stop Loss: Rs 340 RVNL: Buy | Target: Rs 485 | Stop Loss: Rs 413 IDBI Bank: Buy | Target: Rs 115 | Stop Loss: Rs 95 Expert: Kunal Bothra, Market Expert (via ETNow) OFSS: Buy | Target: Rs 9,000 | Stop Loss: Rs 8,500 SRF: Buy | Target: Rs 3,150 | Stop Loss: Rs 3,000 JSW Energy: Buy | Target: Rs 525 | Stop Loss: Rs 498 ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
an hour ago
- Time of India
RIL, Eternal drive Sensex 400 points higher, Nifty above 24,700
Indian benchmark indices Sensex and Nifty opened higher, mirroring Asian market gains, as Treasury yields and the US dollar dipped. Positive movements were seen across most sectors, led by Pharma, Oil & Gas, and Auto. Investors are anticipating the Reserve Bank of India's policy decision, with expectations of a rate cut. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Experts View Indian benchmark equity indices, Sensex and Nifty, opened higher on Thursday, mirroring gains in Asian peers, while Treasury yields and the US dollar BSE Sensex was trading 419 points, or 0.52%, higher at 81,417. The Nifty50 was up 120 points, or 0.49%, trading at 24,740 around 9:37 the Sensex pack, Eternal Reliance , M&M, and HCL Tech were among the top gainers, rising up to 2.5%. Meanwhile, Bajaj Finserv Nestle , and HUL opened with Nifty FMCG, all major sectoral indices advanced at the open, with Nifty Pharma, Oil & Gas, and Auto leading the gains, rising up to 1.2%. Broader markets also moved higher, with the smallcap index up 0.7% and the midcap index rising 0.4%.Among individual stocks, Hindustan Aeronautics HAL ) opened nearly 2% higher after the company refuted a media report claiming that its negotiations with General Electric (GE) for the local production of GE414 engines had stalled. The state-run aerospace and defence firm called the report 'factually incorrect and misleading.'The MSCI Asia ex-Japan index rose 0.5%, led by gains in Hong Kong and South Korean stocks, with the latter hitting an 11-month high on post-election Wall Street ended mixed, while Treasury yields and the dollar slipped after data showed a contraction in the U.S. services sector in May for the first time in a home, investors await the Reserve Bank of India's policy decision on Friday, with the central bank widely expected to cut key lending rates by 25 basis points for the third consecutive meeting."Both geopolitical and economic news are likely to weigh on markets in the near term. A serious concern is a potential Russian retaliation to the recent Ukraine attacks on Russian planes. How serious this will be and what will be its consequences are unknown factors now," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments."The major economic news is the sharp dip in the US ISM PMI data. This indicates that the US economy is slowing down sharply. The US 10-year bond yield has declined to 4.36 % and, given the slowing US economy, is likely to trend lower. This will turn out to be good for EMs like India in the medium term, but the spike in uncertainty will keep the market within the present range for the near-term," Vijayakumar Matalia, Derivative Analyst at Choice Broking, said, Nifty can find support at 24,600, followed by 24,400 and 24,450. On the higher side, 24,700 can be an immediate resistance, followed by 24,800 and 24,850.
