Stock Market Updates: GIFT Nifty Signals Flat Start For Sensex, Nifty On June 3
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Key benchmark indices, Sensex and Nifty, may take cues from a mix of upbeat global cues
Sensex Today: Key benchmark indices, Sensex and Nifty, may take cues from a mix of upbeat global cues, institutional activity, and lingering concerns over US President Donald Trump's tariff plans and US-China trade tensions.
That said, at 8:48 AM, GIFT Nifty futures were trading 14 pts higher at 24,840, indicating a muted start.
Global cues
Asia-Pacific markets edged higher on Tuesday, tracking overnight gains on Wall Street, even as global trade tensions showed signs of worsening.
In a fresh escalation, China rebuffed US accusations of violating a temporary trade agreement, instead placing the blame on Washington for failing to honour its commitments.
The exchange suggests a further breakdown in trade negotiations between the world's two largest economies. Adding to the tensions, the European Union (EU) criticised Trump's plan to double steel tariffs to 50 per cent, warning the move would 'undermine' ongoing talks between Brussels and Washington. An EU spokesperson said the bloc was 'prepared to impose countermeasures' in response.
Last checked, Nikkei was up 0.43 per cent, while Topix and Kospi were flat with a positive bias. AX200 was up 0.67 per cent.
Meanwhile, Australia recorded a Current Account Deficit (CAD) of 14.7 billion Australian dollars in the first quarter of 2025.
On Monday, the S&P 500 rose 0.41 per cent, the Nasdaq Composite climbed 0.67 per cent, and the Dow Jones added 0.08 per cent.
First Published:
June 03, 2025, 09:04 IST
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