Live Market Updates Today: 30 June
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On Friday, the SGX Nifty indicated a slightly higher start for the broader index, with a gain of 20 points. The SGX futures stood at 19,170 points.
In the US markets, equity futures were relatively unchanged on Thursday evening as investors awaited the latest data on personal consumption expenditures, which is the Federal Reserve's favored inflation gauge. Futures tied to the Dow Jones Industrial Average slightly declined by 26 points, or 0.08 percent. S&P 500 futures ticked lower by 0.03 percent, while Nasdaq 100 futures remained just above the flat line.
European equity markets closed slightly higher on Thursday. Investors were assessing commentary from leading central bankers regarding the need to continue the fight against inflation. The pan-European Stoxx 600 ended the day 0.1 percent higher, with retail stocks leading gains by adding 1.8 percent on the back of robust earnings from H&M. However, travel and leisure stocks fell by 0.7 percent. The FTSE closed 0.38 percent lower at 7,471 points, and the DAX closed 0.01 percent lower at 15,946 points.
In Asian markets, most of the Asia-Pacific markets fell on the final trading day of the first half of the year. The Dow Jones Industrial Average rose, driven by shares of large banks jumping after passing the Federal Reserve's annual stress test. Japanese stocks fell as investors digested Tokyo's core consumer price index, which remained above the central bank's target for thirteen straight months. The Nikkei 225 fell by 0.9 percent, the Topix slid by 0.8 percent, the Kospi in South Korea rose by 0.1 percent, the Kosdaq shed by 0.6 percent, and the S&P/ASX 200 in Australia fell by 0.2 percent. Hong Kong's Hang Seng index was set to open lower.
Oil prices edged lower on Thursday due to concerns that rising interest rates could impact global economic growth and crude demand, offsetting a larger-than-expected fall in U.S. inventories. Brent crude futures fell by 38 cents, or 0.5 percent, to $73.66 a barrel, while U.S. West Texas Intermediate (WTI) crude futures declined by 47 cents, or 0.7 percent, to $69.09 a barrel.
The Dollar index traded 0.38 percent higher in futures at 103.29, while the value of one dollar hovered near Rs 82.07.
Gold regained some ground on Thursday as traders took advantage of a brief dip below the key psychological level of $1,900, which was driven by robust U.S. economic readings. Spot gold edged up 0.2 percent to $1,911.69 per ounce, while U.S. gold futures dropped by 0.1 percent to $1,919.80. The fall in gold prices below $1,900 was influenced by a 0.3 percent increase in the dollar index, making bullion less attractive for overseas buyers. Benchmark 10-year Treasury yields rose.
According to provisional data from the National Stock Exchange, foreign institutional investors (FII) bought shares worth Rs 12,350 crore, while domestic institutional investors (DII) sold shares worth Rs 1,021.01 crore on June 28.
