Indian benchmark indices are likely to see a flat to positive start on June 30, mirroring a firm trend in GIFT Nifty, which was trading around 23,991.50 in early trade.

Track the latest updates on GIFT Nifty right here on Moneycontrol

Indian benchmark indices snapped their two-day gaining streak on June 29, with the Nifty ending near the day's low as broad-based selling pressure across sectors weighed on sentiment.

After trading in a narrow range during the first half of the session, profit booking intensified in the afternoon, dragging the Nifty to an intraday low of 23,924.55. Selling pressure was led by auto, IT, oil & gas, and banking stocks, while weakness in the broader market further dampened investor sentiment.

At close, the Sensex was down 372.10 points or 0.48 percent at 76,728.37, and the Nifty was down 109.75 points or 0.46 percent at 23,946.25.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

GIFT Nifty is trading marginally higher at around 23,991.50, indicating a positive start for the domestic benchmark indices.

Asian Equities (Up)

Asian equities erased earlier gains as South Korean technology stocks edged lower after a blistering rally this quarter.

US equities (Jump)

US stocks ​ended sharply higher on Monday, with the Dow hitting a record closing high, as weekend hostilities between ‌the United States and Iran eased and as major technology-related shares rose following recent selling.

The Dow ‌Jones Industrial ⁠Average rose 306.63 points, or 0.59%, to 52,182.74, the S&P 500 gained 86.41 points, or 1.18%, to 7,440.43, and the Nasdaq Composite gained 522.53 points, or 2.07%, to 25,820.14.

Dollar Index (Flat)

The yen was pinned at levels not seen since 1986 on Tuesday, stoking worries that a direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the U.S. rate outlook.

US Bond Yield (Flat)

The yield on 10-year Treasuries and 2-year Treasuries were mostly unchanged at 4.37% and 4.10%, respectively.

Asian Currencies (Mixed)

Asian currencies traded mixed against the US dollar on the day. The Malaysian Ringgit emerged as the top performer, appreciating 0.52%, followed by the Indonesian Rupiah, which gained 0.40%. The Chinese Renminbi and Taiwan Dollar also posted modest gains of 0.07% and 0.06%, respectively.

On the other hand, the South Korean Won was the weakest currency in the region, declining 0.51%. The Thai Baht slipped 0.18%, while the Japanese Yen fell 0.16%. The Singapore Dollar and Philippine Peso also edged lower, losing 0.09% and 0.05%, respectively.

Crude (Slips)

Oil prices dropped on Tuesday, with investors eyeing the outcome of potential U.S.-Iran talks in Doha amid weekend missile fire from both sides that tested an interim ceasefire to end the four-month-old war.

Gold (Down)

Gold held a decline as traders weighed conflicting signals from the US and Iran ahead of fresh talks to end the war that’s fueled global inflationary pressures.

Fund Flow Action

On June 29, Foreign Institutional Investors (FIIs) turned net sellers, offloading equities worth ₹1,350 crore. Meanwhile, Domestic Institutional Investors (DIIs) extended their buying streak for a fifth consecutive session, purchasing shares worth ₹2,800 crore.

Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.