The Union Budget 2025-26 has paved a positive path for equity markets boosting investor confidence, here are some key things to know before markets open. GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are implied to open on a higher note on Thursday. Also, Asian markets opened majorly on a higher note in early trade hours. 

Previously, on Wednesday, the NSE Nifty 50 finished the session 42.95 points or 0.18% lower at 23,696.30, while the BSE Sensex rose 312.53 points or 0.40% to close at 78,271.28.

Key global and domestic cues to know on February 06, 2024

Asia Markets

Asia markets traded on a higher note tracking overnight gains on Wall Street. Japan’s Nikkei 225 was trading 0.45% higher at 39,005.16. The Asia Dow was trading 1.22% higher at 3,780.37. South Korea’s Kospi added 0.45% in early trade hours and Kosdaq traded 0.8% higher. 

US markets

The US stock markets closed Wednesday on a higher note as investors shrugged off trade turmoil. The S&P 500 rose 0.39% to finish at 6,061.48. Nasdaq Composite Futures climbed 0.19% to end at 19,692.33. The Dow Jones Industrial Average Futures advanced 317.24 points, or 0.71%, to 44,873.28. 

US dollar 

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down almost 0.03% at 107.55 on Thursday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.45% to close at 87.47 to the dollar on February 06. 

Crude oil

The crude oil prices have edged higher. WTI crude prices were trading at $71.16 up by 0.18%, while Brent crude prices were trading at $74.73 up by 0.18%, on Thursday morning. 

FII, DII data

Foreign institutional investors (FII) were the net sellers of shares net worth Rs 1,682.83 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 996.28 crore on February 05, 2024, according to the provisional data available on the NSE.

Gold rate today

The gold rate today is expected to extend gains on the back of weakness in the US dollar and falling treasury yields. The benchmark 10-year Treasury yield dropped 10 bps to trade at 4.412%. The cost of gold today has touched an all-time high of Rs 84,650 per 10 grams in India. The 22 kt gold rate today is Rs 77,596 per 10 grams.

Quarterly results

SBI, ITC, Trent, Hero MotoCorp, Britannia Industries, Bharti Airtel, Sobha, PEC, PI Industries, Ramco Cements, PVR Inox, Finolex Industries, Uno Minda, Bharat Dynamics, BEML, Aurobindo Pharma, Cochin Shipyard, Apollo Tyres, TD Power Systems, ZF Commercial Vehicle Control Systems India, Walchandnagar Industries, Somany Ceramics, Emcure Pharmaceuticals, Sai Life Sciences, PG Electroplast, NMDC, Motherson Sumi Wiring India, Reliance Communications, NCC, Minda Corporation, NOCIL, KIMS, JK Lakshmi Cement, Muthoot Microfinance, Gulf Oil Lubricants, Dhampur Sugar Industries, Bharti Hexacom, and many other companies will announce their quarterly earnings for third quarter of the current financial year on February 06.

Volatility in cryptocurrency

The cryptocurrency market experienced notable volatility overnight. Bitcoin’s price decreased by approximately 1%, settling around $97,695. This decline is attributed to investor concerns over escalating trade tensions following President Donald Trump’s announcement of new tariffs on imports from Canada, Mexico, and China. In contrast, XRP saw a 2.5% increase, reaching $2.51, while other altcoins like Ethereum and Dogecoin also registered gains.