Indian benchmark indices are poised for a muted start on July 6, taking cues from GIFT Nifty, which was trading marginally down at around 24,344.5 in early trade.

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Indian benchmark indices extended their winning streak for the third consecutive session on July 3, with Nifty finishing above 24,250 supported by buying in IT, pharma, metal and realty stocks.

After a firm start, the benchmarks extended their gains as the session progressed, with the Nifty 50 climbing to an intraday high of 24,378.15. However, profit booking in the second half of the session trimmed some of the intraday gains, though ending in positive territory.

At close, the Sensex was up 261.79 points or 0.34 percent at 77,763.91, and the Nifty was up 95.15 points or 0.39 percent at 24,270.85.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

GIFT Nifty was trading flat around 24,344.5 in early trade, signalling a muted opening for the domestic equity markets.

Asian Equities (Up)

Asian share markets were mostly firmer on Monday, as Wall Street futures started the week with gains on hopes for an upbeat earnings season, while easing oil prices promised relief from inflationary pressures.

US equities (Shut)

The US market was shut on Friday in observance of ​the US Independence Day holiday.

Dollar Index (Up)

The U.S. dollar steadied near a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, while the yen remained pinned near a 40-year low, keeping investors nervous about what Tokyo might do next.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were down more than 1 basis point at 4.46% and 4.12%, respectively.

Asian Currencies (Mixed)

Asian currencies traded on a mixed note against the US dollar, with the South Korean won emerging as the top performer, strengthening 0.198 percent, followed by the Indonesian rupiah, which gained 0.178 percent. The Chinese renminbi also advanced 0.074 percent, while the Malaysian ringgit rose 0.037 percent. Modest gains were seen in the Thai baht and Singapore dollar, which appreciated 0.018 percent and 0.015 percent, respectively.

On the other hand, the Japanese yen was the worst-performing currency in the region, declining 0.136 percent against the US dollar. The Philippine peso slipped 0.114 percent, while the Taiwan dollar edged lower by 0.081 percent.

Crude (Down)

Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.

Gold (Up)

Gold prices held near a two-week high on Monday after a cooler-than-expected U.S. jobs report last week slightly tempered expectations of interest rate hikes by the Federal Reserve. Spot gold was steady at $4,175.02 per ounce, after posting a weekly gain of more than 2% following four straight weeks of declines on Friday. U.S. gold futures for August delivery climbed 1.5% to $4,186.80 per ounce.

Fund Flow Action

Foreign institutional investors (FIIs) turned net buyers on July 3 after remaining net sellers for four consecutive sessions, purchasing equities worth ₹1,355 crore. In contrast, domestic institutional investors (DIIs) snapped their eight-session buying streak and turned net sellers, offloading equities worth ₹1,953 crore.

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