Fair LIVE on Friday June 7, 2024: Benchmark indices, Sensex and Nifty, may start on a muted note, tracking mixed global signals.
At 6:38 am, GIFT Nifty futures indicated a subdued opening and were trading marginally (13 points) higher at 22,912.50, compared to Nifty futures.
Across Asia, markets were mixed this morning, with Korea’s Kospi rising more than 1 percent, while Japan’s Nikkei was relatively unchanged.
The Australian ASX 200 rose 0.18 percent.
In the US, the previous session ended on a mixed note: the Dow Jones climbed 0.20 percent, while the Nasdaq and S&P 500 fell 0.09 percent and 0.02 percent, respectively.
In addition, the European Central Bank cut interest rates on Thursday, by 25 basis points to 3.75 percent, marking the first such adjustment since 2019.
At home, all eyes are on the Reserve Bank of India’s (RBI) MPC decision on interest rates, expected at 10 am today.
Meanwhile, foreign institutional investors (FIIs) continued their selling streak and sold shares worth Rs 6,867.72 crore. Conversely, domestic institutional investors (DIIs) showed interest and bought shares worth Rs 3,718.38 crore on June 6.