Indian equity indices are expected to open on a subdued note. The Asian indices were trading mixed. The GIFT Nifty is trading lower at 25,161. Here are key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that most, sectoral performance, etc.
Earlier on Wednesday, the NSE Nifty 50 closed the session 37 points or 0.15% higher at 25,141, while the BSE Sensex rose 123 points or 0.15% to close at 82,515.
Key global and domestic cues to know on June 12, 2025
US-China trade talks conclude
The 20 hour long US and China have concluded trade talks have concluded after months of tensions and tariff frictions in London, as announced by top officials from the United States and China on Tuesday. Both countries have agreed upon a “framework” to move forward on trade. US Commerce Secretary Howard Lutnick said, “We have reached a framework to implement the Geneva consensus,” referring to the previous agreement that saw a 90-day suspension of steep tariffs on both sides.
Asian Markets
Asia-Pacific markets traded on a mixed note on Thursday morning as investors evaluated details on trade talks between Washington and Beijing, which US President Donald Trump said were “done”. Trump suggested that the Chinese imports would invite 55% tariffs. Japan’s benchmark Nikkei 225 was down 0.10% and the Topix opened 0.12% higher. South Korea’s Kospi surged 0.34% while the small-cap Kosdaq remained flat. The Asia Dow was down 0.72% at 3,648.57.
US markets
The US equity markets closed Wednesday’s trade on a lower note as investors weighed the preliminary US-China trade deal. The S&P 500 ticked down 0.27% to close at 6,022.24. The Nasdaq Composite lost 0.5% to end at 19,615.88, while the Dow Jones Industrial Average was flat at 42,865.77.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, fell below the 99 mark to trade 0.34% lower at 98.29 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 appreciated 0.13% to close at 85.51 to the dollar on June 11.
Crude oil
The crude oil prices traded on a lower note on Thursday morning. WTI crude prices were trading at $67.89, down by 0.37%, while Brent crude prices were trading at $69.45, down by 0.46%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 446.31 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 1,584.87 crore on June 11, 2024, according to the provisional data available on the NSE.
Gold rate today
The gold price retreated, but still hovers near its lifetime high. The rate for 24-carat gold today is Rs 96,850 per 10 grams. The rate of gold has fallen by 1.2% in the last week. The 22 kt gold rate today is Rs 88,779 per 10 grams. The 18-carat gold price today is Rs 72,638.
Best and worst performing business groups
The Jaipuria Group’s market capitalisation has risen the most in Wednesday’s trade, gaining 4.5%. In the list of Jaipurai Group stocks, Cosmo First surged the most, gaining 5%. Jaipuria Group was followed by Indiabulls Group, whose market cap increased by almost 3.88%, HCL Group’s market cap increased by 3.2%, and others. However, the Pennar Group’s market cap declined the most, falling 2%.
Sectors that surged most in Wednesday’s trade
The packaging sector’s stocks dominated today’s strong market. Majority of the stocks in the list of packaging stocks closed the session in the green. The list of glass sector stocks followed suit, raising the market cap by 1.38%. Further, the fertilisers sector followed the list, surging 1.3% in market cap.