Global Market Previews: Key Indicators to Monitor in Today's Trading Session

Indian Equity Markets Eye Marginally Higher Opening

The Indian equity benchmarks, BSE Sensex and Nifty 50, are expected to see a marginally higher opening on May 4, as indicated by GIFT Nifty, which is trading higher at around 24,243.

On the previous trading session, the Indian equity markets remained under pressure on April 30 due to rising geopolitical tensions and a spike in Brent crude prices to wartime highs. At close, the Sensex was down 582.86 points or 0.75 percent at 76,913.50, and the Nifty was down 180.1 points or 0.74 percent at 23,997.55.

Asian and US Equities Update

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Asian shares have climbed, buoyed by strong corporate earnings in the technology sector, while oil prices fluctuated with mixed signals from the Middle East. In contrast, the Dow Jones Industrial Average fell 152.87 points, or 0.31%, to 49,499.27, while the S&P 500 and the Nasdaq advanced to record closing highs on Friday.

Currency and Bond Market Update

The U.S. dollar index was flat at 98.144 in the early trade on Monday, while the yield on 10-year Treasuries remained unchanged at 4.36%. Asian currencies showed a mixed performance against the US dollar, with the Indonesian Rupiah and Japanese Yen edging higher, while the Thai Baht declined by 0.385%.

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Commodities Update

Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz. Gold prices, however, remained steady after a second weekly decline, as traders monitored progress toward a US-Iran deal.

Fund Flow Update

Foreign Institutional Investors (FIIs) extended their selling streak for the ninth consecutive session on April 30, offloading equities worth more than ₹8,000 crore. In contrast, Domestic Institutional Investors (DIIs) maintained their buying momentum for the sixth straight session, investing ₹3,487 crore in the equity market.