Indian Stock Market Update:
The Indian stock market is expected to open higher on 4 June 2025, supported by strong global cues. Gift Nifty was trading near the 24,730 mark, showing a 55-point gain from the previous close of Nifty futures, suggesting a positive start.
On Tuesday, the Indian market ended in the red. The Sensex dropped by 636.24 points to 80,737.51, and the Nifty 50 closed 174.10 points lower at 24,542.50. Experts believe the fall was due to worries over high stock valuations and foreign investors pulling out funds. Uncertainty over global trade and the ongoing Russia-Ukraine conflict also added pressure.
Globally, the US stock markets ended higher, led by gains in tech stocks. The Nasdaq gained over 150 points. Major tech companies like Nvidia and Broadcom saw notable increases, with Broadcom reaching a new record. Meanwhile, job data from the US showed a rise in job openings to 7.39 million in April, though factory orders dropped by 3.7%.
In Asia, markets traded mostly higher. Japan’s Nikkei rose 0.83%, and South Korea’s Kospi jumped 1.57%, reaching a 10-month high. However, Hong Kong’s Hang Seng hinted at a weaker opening.
Oil prices slightly dropped after two days of gains. Brent crude fell to \$65.52 per barrel, and WTI dropped to \$63.28. The US dollar also dipped slightly against other major currencies.
Overall, a mix of strong US tech performance, labor market data, and cautious global sentiment is expected to guide Indian investors
today.
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