Indian equity markets are expected to open on a cautiously positive note today, Monday, June 2, 2025, with GIFT Nifty trading 31 points higher at 24,868, signalling a slightly optimistic start for benchmark indices. This comes amid mixed global cues—Asian indices were largely trading in the red, while US futures slipped on geopolitical trade concerns triggered by the latest announcements from President Donald Trump.

On Friday, the NSE Nifty 50 closed 83 points or 0.33% lower at 24,751, while the BSE Sensex slipped 182 points or 0.22% to 81,451, indicating some profit-booking pressure after a strong rally earlier in the week.

Key Global and Domestic Cues for June 2, 2025:

1. GIFT Nifty signals flat-to-positive start

The GIFT Nifty was trading up by 31 points or 0.12% early this morning, giving a tepid signal of a positive opening. However, the upside appears limited as broader global sentiment remains subdued.

2. Asian markets decline on US tariff hike

Most Asia-Pacific indices opened lower after US President Donald Trump announced a doubling of tariffs on steel imports to 50%, effective Wednesday.

• Japan’s Nikkei 225 fell 0.89%, and the Topix declined 0.65%

• South Korea’s Kospi rose 0.16%, while Kosdaq traded flat

• Asia Dow was down 1.29% at 3,616.72

• Chinese markets remain shut for the Dragon Boat Festival

3. US futures under pressure

US equity futures continued to trend downward:

• Dow Jones futures dropped 140 points or 0.3%

• S&P 500 and Nasdaq 100 futures also traded down by 0.3%
  The US markets closed last Friday on a muted note, with Dow in green while the S&P 500 and Nasdaq ended slightly in red.

4. Crude oil prices rise over 2%

Crude oil gained sharply:

• WTI crude was trading at $62.19, up 2.30%

• Brent crude stood at $64.10, up 2.10%
  The upward trend follows expectations of supply cuts by major producers amid rising summer demand.

5. Dollar index softens; rupee remains under pressure

The US Dollar Index (DXY) dropped 0.16% to 99.18, suggesting mild weakness in the greenback.
On the domestic front, the rupee depreciated 0.06% to 85.57 against the dollar on May 30.

6. FII-DII activity diverges sharply

• Foreign Institutional Investors (FIIs) were net sellers of Rs 6,449.74 crore

• Domestic Institutional Investors (DIIs), on the other hand, were net buyers of Rs 9,095.91 crore
  The divergence indicates continued domestic support despite global headwinds.

7. Gold near all-time highs

Gold prices in India held close to record levels:

• 24-carat gold priced at Rs 95,940 per 10 grams

• 22-carat gold stood at Rs 87,945 per 10 grams

• 18-carat gold quoted at Rs 71,955 per 10 grams
  Gold has corrected slightly by 0.49% in the past week, but remains strong due to ongoing geopolitical and inflation concerns.

8. Business group performance highlights

Top Gainers:

• Anil Ambani Group stocks rose across the board, pushing up group market cap by over 9%

• Muthoot Group and Jaipuria Group followed with 6.45% and 6.41% increases respectively

Top Loser:

• KK Birla Group saw its market cap fall 5.07%, led by declines in core manufacturing and textile stocks

9. Sectors to watch today

• Metals may remain volatile due to US tariff updates

• Energy and oil & gas stocks could see buying interest amid rising crude prices

• Banking stocks may see limited upside given cautious FII sentiment

What to Expect During the Day:

• Volatility could stay elevated ahead of key domestic macroeconomic data due later this week, including PMI and inflation trends

• Traders should watch for news flow from global central banks and OPEC+ as they shape commodity direction

• Midcap and smallcap indices may continue to outperform due to strong domestic liquidity

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The Current active IPO are 3B Films

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