Live Market Updates 2 June

The SGX Nifty is indicating a marginally higher start for the broader index on Friday, with a gain of 70.5 points. SGX futures stood at 18,615.

In the US markets, stock futures edged higher in overnight trading. Futures tied to the Dow Jones Industrial Average gained 42 points, or 0.13 percent, while S&P 500 futures added 0.1 percent. Nasdaq-100 futures rose 0.13 percent.

Lululemon shares surged 13 percent after the bell on strong results and a guidance boost, while MongoDB saw a 23 percent surge after hours due to a blowout forecast. On the previous trading day, the S&P 500 and Nasdaq Composite gained 0.99 percent and 1.28 percent, respectively, reaching their highest levels since August. The Dow Jones Industrial Average added 153.3 points, or 0.47 percent.

European stock markets closed higher on Thursday, with the benchmark Stoxx 600 gaining 0.8 percent. Mining stocks were up 2 percent following better-than-expected Chinese factory activity, and media stocks rose 1.8 percent. However, household goods closed 0.2 percent lower. The FTSE closed 0.59 percent higher at 7,490 points, the DAX closed 1.21 percent higher at 15,853 points, and the CAC 40 Index closed 0.55 percent higher at 7,137 points.

In Asia-Pacific markets, most indexes were higher on Thursday following the passage of the bill to raise the US debt ceiling in the House of Representatives. Japan's Nikkei 225 gained 0.84 percent, while Australia's S&P/ASX 200 rebounded by 0.27 percent. South Korea's Kospi was down 0.31 percent, but the Kosdaq rose 0.8 percent to its highest level in about six weeks. Hong Kong's Hang Seng index rebounded slightly, and mainland Chinese markets also saw gains, with the Shanghai Composite closing marginally up and the Shenzhen Component rising 0.39 percent.

Oil prices rose on Thursday, with US West Texas Intermediate crude (WTI) rising 3 percent to settle at $70.10 a barrel, its biggest daily gain since May 5. Brent crude futures settled at $74.28 a barrel, up 2.3 percent, recording their biggest daily gains since May 17. The passing of a bill to suspend the US government's debt ceiling in the House of Representatives helped offset the impact of rising inventories in the country.

The dollar index traded 0.65 percent lower in futures at 103.67, while the value of one dollar hovered near Rs 82.33. Gold prices gained 1 percent to a more than one-week peak, with spot gold rising to $1,977.19 per ounce, its highest level since May 24. US gold futures also saw a gain of 0.65 percent.

In terms of institutional activity, foreign institutional investors (FIIs) sold shares worth Rs 71.07 crore, while domestic institutional investors (DIIs) bought shares worth Rs 488.93 crore on June 1, according to provisional data from the National Stock Exchange.