SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 18 points at the opening bell.
On the macro front, Markit Manufacturing PMI for June will be declared today, 1 July 2021.
The combined output of the eight core sector industries rose by 16.8% in May, as compared to a year ago. Core sector output had risen by 60% in the previous month of April. The eight core industrial of coal, crude oil, natural gas, refinery products, steel, cement, fertiliser and electricity have a combined weight of over 40% in the Index of Industrial production, or IIP.
India has received 10% more rainfall than normal in June, the India Meteorological Department (IMD) said on Wednesday. The monsoon made onset over Kerala on June 3.
Global markets:
Overseas, Asian stocks were mixed Thursday on concerns about the more contagious delta strain of Covid-19 and looked ahead to a U.S. payrolls report.
China's factory activity expanded at a softer pace in June. The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 51.3 last month from May's 52, marking the 14th month of expansion.
Japanese big manufacturers' business confidence improved in the second quarter to hit a two-and-half-year high, a central bank survey showed. Service-sector sentiment also turned positive for the first time in five quarters, the Bank of Japan's (BOJ) Tankan survey showed.
The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors shrugged off positive economic data and looking toward Friday's highly anticipated employment report.
U.S. private payrolls increased more than expected in June. Private payrolls increased by 692,000 jobs in June. Data for May was revised lower to show 886,000 jobs added instead of the initially reported 978,000.
Domestic markets:
Back home, the domestic equity benchmarks ended with minor losses on Wednesday. The barometer index, the S&P BSE Sensex, shed 66.95 points or 0.13% to 52,482.71. The Nifty 50 index lost 26.95 points or 0.17% to 15,721.50.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,646.66 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,520.18 crore in the Indian equity market on 30 June, provisional data showed.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU