Global Market Trends: Key Indicators to Monitor in Today's Trading Activity

Indian Benchmark Indices Eye Positive Opening

The Indian benchmark indices, the BSE Sensex and Nifty 50, are expected to open on a cautious yet positive note on June 8, supported by firm indications from the GIFT Nifty. The GIFT Nifty was trading higher around the 23,140 level in early trade.

The Indian benchmark indices ended with marginal losses in the volatile session on June 5, after the Reserve Bank of India (RBI) maintained the repo rate at 5.25% and retained the 'neutral' stance. The central bank lowered its FY27 GDP growth forecast to 6.6% from around 6.9%, while it raised its inflation forecast to approximately 5.1%.

At close, the Sensex was down 116.67 points or 0.16 percent at 74,243.34, and the Nifty was down 49.85 points or 0.21 percent at 23,366.70. For the week, BSE Sensex and Nifty50 indices shed 0.7 percent each.

Read also: Indian IT Stocks Decline Amid Global Tech Selloff

Market Outlook

GIFT Nifty (Up)

The GIFT Nifty was trading marginally higher at around 23,140, indicating a flat to positive opening for the Indian equity markets. Asian Equities (Slip) experienced a selloff in technology stocks, gathering pace as the artificial-intelligence trade unwound, dragging down shares of major chipmakers after a blistering rally.

Global Markets

Read also: Stocks in Focus: EMS and Creative Newtech Surge on Order Wins, ZEE Rises Ahead of Board Meeting

US Equities (Down)

Wall Street's nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since April 2025 after a hot May jobs report fueled fears of a hawkish policy pivot from the U.S. Federal Reserve.

Currency and Bond Markets

Dollar Index (Down)

The dollar was perched near a two-month high on Monday after a blowout U.S. jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention zone.

US Bond Yield (Gains)

The yield on 10-year Treasuries advanced two basis points to 4.55%, and yield on 2-year Treasuries up nearly 3 basis points at 4.17%.

Asian Currencies

Asian currencies traded mixed, with the Philippine Peso emerging as the strongest performer, appreciating 0.208% against the US dollar. The Indonesian Rupiah also posted a notable gain of 0.072%, while the Singapore Dollar advanced 0.054%. The Japanese Yen and Thai Baht were largely stable, rising marginally by 0.012% and 0.009%, respectively.

Commodities

Crude (Rises)

Oil prices were up more than $2 a barrel on Monday after Israel on Sunday launched renewed strikes on Lebanon despite a truce between the two countries, eroding hopes for an end to the wider war and a restart to crude flows through the Strait of Hormuz.

Gold (Flat)

Gold held a loss after Iran fired several rounds of missiles toward Israel, jeopardizing efforts to end the Middle East war that’s upended global markets.

Fund Flow Action

On June 5, the Foreign Institutional Investors (FIIs) sold equities worth Rs 8,776 crore, while Domestic Institutional Investors (DIIs) bought equities worth Rs 9,133 crore.