Gift Nifty, Asian markets to other global cues: Check out key triggers for Indian stock market
Indian market is likely to open flat after the benchmark equity indices closed at record levels with the Sensex surpassing 65,000-mark and the Nifty ending above 19,300 fuelled by favourable economic data, sustained foreign fund inflows and positive global cues. Japan’s Nikkei 225 fell 0.72%, while the Topix declined 0.45%. South Korea’s Kospi eased, while the Kosdaq rose 0.13%. Hong Kong’s Hang Seng index futures were trading around 130 points lower at 19,176.
In Australia, S&P/ASX 200 was flat ahead of the country’s central bank’s rate decision. Meanwhile, Gift Nifty was trading 1.50 points, or 0.01%, higher at 19,440.50, indicating a flattish start for the Indian markets. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 4th July US stocks ended higher on Monday in a holiday-shortened session led by a rally in Tesla and strength in bank shares.
The Dow Jones Industrial Average rose 10.87 points, or 0.03%, at 34,418.47. The S&P 500 gained 5.21 points, or 0.12%, at 4,455.59. The Nasdaq Composite added 28.85 points, or 0.21%, at 13,816.77.
Electric-car maker Tesla share price jumped 6.9% after the company reported record sales in the second quarter, which helped fuel gains in rivals and battery suppliers. Shares of major banks gained after the companies raised dividends as they sailed through the Federal Reserve's annual health check. Wells Fargo shares rose 1.7%, Citigroup shares climbed 1.5%, while the S&P 500 banks index ended up 1.5%, Reuters reported. US markets will remain closed Tuesday in observance of Independence Day.
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