Global Markets Preview: Key Indicators to Watch for Today's Trading Session

Indian Equity Benchmarks to Open Lower on April 6

The BSE Sensex and Nifty 50 are likely to open lower on April 6, tracking losses in GIFT Nifty, which is trading around the 22,672.50 level. This comes after a highly volatile session on April 2, where the Indian market ended on a positive note, with the Nifty closing above 22,700, supported by IT stocks after the Indian rupee posted its biggest gain in more than 12 years.

Market Performance on April 2

At close, the Sensex was up 185.23 points or 0.25 percent at 73,319.55, and the Nifty was up 33.70 points or 0.15 percent at 22,713.10. The gains in the Indian market were in contrast to the losses seen in GIFT Nifty, which was trading lower at the 22,672.50 mark, indicating a negative start for Indian equity indices.

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Asian and US Equities Update

Asian equities saw a mixed performance on Monday, with Japan and South Korean stocks rising as investors parsed the latest developments in the Middle East conflict over the weekend. Most Asian markets were closed for holidays. In the US, stocks ended slightly mixed on Thursday after paring deeper losses, as diplomatic signals from the Middle East helped calm markets rattled earlier by U.S. President Donald Trump's threats of tougher action against Iran ahead of a long holiday weekend.

Currency and Bond Market Update

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The U.S. dollar index, which measures the greenback's strength against a basket of six currencies, was steady at 100.23. The yield on the U.S. 10-year Treasury bond was up 1.7 basis points at 4.35%, and the 2-year U.S. Treasury rose 2.2 basis points at 3.86%. Asian currencies were trading mixed in the early trade on Monday, with the Singapore Dollar, Taiwan Dollar, and Philippines Peso leading the losers, while the South Korean Won, Thai Baht, China Renminbi, and Indonesian Rupiah were gainers.

Commodity Prices

Oil gained as President Donald Trump imposed a fresh ultimatum on Tehran and threatened to strike power plants and other civilian infrastructure in Iran if the Strait of Hormuz is not reopened. However, gold and silver prices were trading lower in the early trade on Monday.

Fund Flow Update

Foreign Institutional Investors (FIIs) extended their selling streak, offloading equities worth ₹9,931 crore on April 2. However, Domestic Institutional Investors (DIIs) provided support, purchasing equities worth over ₹7,200 crore.