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10 things you need to know before the opening bell on June 3

Updated : June 03, 2021 08:17 AM IST

The Indian market is likely to open higher on Thursday following strong global cues. At 8:00 am, the SGX Nifty was trading 87.35 points or 0.56 percent higher at 15,712.50, indicating a positive start for the broader index in India.

 1. Wall Street:  Stocks managed to end with modest gains on Wall Street after a day of wavering back and forth. Technology stocks helped lift the broader market. Energy companies also rose along with the price of crude oil. The S&P 500, DJIA, and the Nasdaq rose 0.1 percent each.
1. Wall Street: Stocks managed to end with modest gains on Wall Street after a day of wavering back and forth. Technology stocks helped lift the broader market. Energy companies also rose along with the price of crude oil. The S&P 500, DJIA, and the Nasdaq rose 0.1 percent each.
 2. Asian stocks:  Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key US economic data while oil prices rose to near 1-1/2 year highs. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Japan's Nikkei added 0.4 percent. Australian shares climbed to all-time highs as investors cheered stronger-than-expected economic growth data released on Wednesday. Chinese shares were marginally softer.
2. Asian stocks: Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key US economic data while oil prices rose to near 1-1/2 year highs. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Japan's Nikkei added 0.4 percent. Australian shares climbed to all-time highs as investors cheered stronger-than-expected economic growth data released on Wednesday. Chinese shares were marginally softer.
 3. D-Street:  Indian indices ended flat on Wednesday as losses in IT, FMCG and financial stocks were capped by gains in auto, metals and pharma sectors. The Sensex ended 85 points lower at 51,849 while the Nifty was up 1 point to settle at 15,576. Broader markets, however, outperformed with the midcap and smallcap indices up 1-1.5 percent.
3. D-Street: Indian indices ended flat on Wednesday as losses in IT, FMCG and financial stocks were capped by gains in auto, metals and pharma sectors. The Sensex ended 85 points lower at 51,849 while the Nifty was up 1 point to settle at 15,576. Broader markets, however, outperformed with the midcap and smallcap indices up 1-1.5 percent.
 4. Crude oil:  Oil prices surged on Wednesday, hitting the highest in more than a year on lift from a decision by OPEC and allies to stick to the plan to gradually restore supply, along with the slow pace of nuclear talks between Iran and the United States. Brent rose 1.6 percent to settle at $71.35 a barrel. It reached $71.48 a barrel, its highest since January 2020. US WTI crude rose 1.6 percent to settle at $68.83 a barrel. It hit $69.00 a barrel during the session, the highest since October 2018.
4. Crude oil: Oil prices surged on Wednesday, hitting the highest in more than a year on lift from a decision by OPEC and allies to stick to the plan to gradually restore supply, along with the slow pace of nuclear talks between Iran and the United States. Brent rose 1.6 percent to settle at $71.35 a barrel. It reached $71.48 a barrel, its highest since January 2020. US WTI crude rose 1.6 percent to settle at $68.83 a barrel. It hit $69.00 a barrel during the session, the highest since October 2018.
 5. Gold:  Gold slipped by Rs 116 to Rs 48,772 per 10 grams on Wednesday in line with a fall in global precious metal prices. Silver also tumbled Rs 1,291 to Rs 70,836 per kg, from Rs 72,127 per kg in the previous trade. In the international market, gold was trading lower at USD 1,898 per ounce and silver was flat at USD 27.74 per ounce.
5. Gold: Gold slipped by Rs 116 to Rs 48,772 per 10 grams on Wednesday in line with a fall in global precious metal prices. Silver also tumbled Rs 1,291 to Rs 70,836 per kg, from Rs 72,127 per kg in the previous trade. In the international market, gold was trading lower at USD 1,898 per ounce and silver was flat at USD 27.74 per ounce.
 6. Rupee:  Extending losses for the third straight session, the rupee on Wednesday fell by another 19 paise to end at 73.09 against the US currency due to a stronger dollar in the overseas markets and higher crude oil prices. At the interbank foreign exchange market, the rupee opened on a negative note at 73.13 per dollar as against its previous close of 72.90.
6. Rupee: Extending losses for the third straight session, the rupee on Wednesday fell by another 19 paise to end at 73.09 against the US currency due to a stronger dollar in the overseas markets and higher crude oil prices. At the interbank foreign exchange market, the rupee opened on a negative note at 73.13 per dollar as against its previous close of 72.90.
 7. Cryptocurrency:  Cryptocurrencies posted inflows last week after hitting record outflows the previous two, as investors took advantage of price declines in the market, data from digital currency manager CoinShares showed.  Read more
7. Cryptocurrency: Cryptocurrencies posted inflows last week after hitting record outflows the previous two, as investors took advantage of price declines in the market, data from digital currency manager CoinShares showed. Read more
 8. COVID-19:  Industry chamber Assocham on June 2 recommended the government to extend relief measures such as regulatory easing, wage support, and interest subsidy for the MSMEs which are reeling under the severe impact of COVID-19. As the states are in the process of easing lockdowns, the trade and industry would need all-around support to pick up their business thread again, it said.  Read more
8. COVID-19: Industry chamber Assocham on June 2 recommended the government to extend relief measures such as regulatory easing, wage support, and interest subsidy for the MSMEs which are reeling under the severe impact of COVID-19. As the states are in the process of easing lockdowns, the trade and industry would need all-around support to pick up their business thread again, it said.
Read more
 9. Indian markets:  Indian indices outperformed many of its global peers in May defying the unabated second wave of the COVID-19 pandemic. Both Indian benchmarks, Nifty and Sensex, rebounded 6-7 percent in May after dipping around half a percent in April.  Read more
9. Indian markets: Indian indices outperformed many of its global peers in May defying the unabated second wave of the COVID-19 pandemic. Both Indian benchmarks, Nifty and Sensex, rebounded 6-7 percent in May after dipping around half a percent in April. Read more
 10. Indian exports:  India’s exports grew by 67.39 percent to USD 32.21 billion in May driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as the trade deficit widened to USD 6.32 billion, according to government data released on Wednesday.  Read more
10. Indian exports: India’s exports grew by 67.39 percent to USD 32.21 billion in May driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as the trade deficit widened to USD 6.32 billion, according to government data released on Wednesday. Read more
Published : June 03, 2021 08:17 AM IST
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