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Indian benchmarks, Sensex and Nifty, are likely to open on a firm note on Friday, June 28
Stock market updates
Stock Market Today: Indian benchmarks, Sensex and Nifty, are likely to open on a firm note on Friday, June 28, taking directions from the strong global cues, easing geopolitical tensions in the Middle East, and a potential softening in the Trump tariff timeline. Additionally, forex data for the week ended June 20, robust primary market activity, and institutional flows are expected to influence market sentiment on the last trading day of the week.
At around 8:00 AM, GIFT Nifty futures were up 116 points at 25,730, suggesting a gap-up start for the Sensex, Nifty.
Global Cues
Asian markets traded mostly higher on Friday, tracking overnight gains on Wall Street after the White House hinted at flexibility around upcoming tariff deadlines, helping lift risk sentiment globally.
White House spokesperson Karoline Leavitt said the deadline for new tariffs is “not critical” and could be extended at the President’s discretion. Currently, July 8 marks the start of “liberation day” tariffs after a 90-day pause, while July 9 is the deadline for a potential EU trade agreement to avoid 50 per cent duties.
Japan’s Nikkei 225 rose 1.22 per cent, building on a five-month high from the previous session, while the broader Topix gained 1.1 per cent. Meanwhile, Tokyo’s core consumer price index (excluding fresh food and fuel) rose 3.1 per cent year-on-year in June, easing from May’s 3.6 per cent and below the forecast of 3.3 per cent.
South Korea’s Kospi and Australia’s ASX 200 were both up 0.4 per cent.
In the US, stock futures were flat in early Asian trade as investors awaited key economic data, including inflation, personal income and spending, and consumer sentiment figures.
Meanwhile, revised data showed the US economy contracted by 0.5 per cent on an annualised basis in Q1 2025, sharper than the earlier estimate of a 0.2 per cent decline. This marks the first quarterly contraction in three years, driven by softer consumer spending and a downward revision in exports.
Overnight on Wall Street, US equities closed higher across the board. The S&P 500 rose 0.8 per cent to 6,141.02, bringing its weekly gain to 2.9 per cent and nearing its record intraday high of 6,147.43. The Nasdaq Composite advanced 0.97 per cent to 20,167.91, while the Dow Jones Industrial Average added 404.41 points or 0.94 per cent to close at 43,386.84.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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