Live Market Update 6 June
image for illustrative purpose
The SGX Nifty indicates a marginally lower start for the broader index with a loss of 30 points on Tuesday. SGX futures stood at 18,692.
SGX Nifty Indicates Marginally Lower Start; US, European, and Asian Markets Experience Mixed Performance
In the US markets, stock futures were modestly lower following a losing session on Wall Street. Dow Jones Industrial Average futures shed 22 points, S&P 500 futures slipped 0.06 percent, and Nasdaq-100 futures dipped 0.1 percent. The previous session saw the Dow finishing down 0.6 percent, while the S&P 500 and Nasdaq Composite lost around 0.2 percent and 0.1 percent, respectively. Apple's stock briefly reached all-time highs but ended about 0.8 percent lower.
European markets closed lower on Monday, with the pan-European Stoxx 600 index down 0.5 percent. The FTSE closed 0.1 percent lower, the DAX closed 0.54 percent lower, and the CAC 40 Index closed 0.96 percent lower.
In Asia-Pacific, markets fell, tracking the declines in Wall Street. Australia's S&P/ASX 200 opened 0.35 percent down. Japan's Nikkei 225 and Topix both registered drops of around 0.6 percent. South Korea's markets were closed for a holiday, while Hong Kong's Hang Seng index was set for a weaker open.
Oil prices rose as Saudi Arabia announced further voluntary output cuts of one million barrels per day, leading to a positive impact on prices. Brent crude futures traded at $77.42 a barrel, up 1.7 percent, while U.S. West Texas Intermediate futures stood at $72.87, over 1.5 percent higher.
The Dollar index traded slightly lower, while the value of one dollar remained near Rs 82.40. Gold rebounded on Monday, with spot gold gaining 0.5 percent to $1,957.70 per ounce.
In terms of institutional activity, foreign institutional investors (FIIs) sold shares worth Rs 700.98 crore, while domestic institutional investors (DIIs) bought shares worth Rs 1,195.98 crore on June 5, according to provisional data from the National Stock Exchange.
