Stock Market Today: All You Need To Know Going Into Trade On June 7

Most stocks in the Asia-Pacific region were trading higher on Friday after a mixed session in the US ahead of this key jobs data.

The Nikkei 225 was 17 points or 0.05% up at 38,730, and the KOSPI was 19 points, or 0.68% higher at 2,070 as of 06:40 a.m.

US stocks and bonds passed their rally and ended mixed ahead of the key US jobs reading that will help shape the outlook for the Federal Reserve’s next steps.

The S&P 500 fell 0.02% and the Nasdaq Composite declined 0.09% as of Thursday. The Dow Jones Industrial Average advanced by 0.20%.

Brent crude was trading 0.26% higher at $80.08 a barrel. Gold fell 0.05% to $2,374.92 an ounce.

The GIFT Nifty was trading 28.5 points, or 0.12% lower at 22,919.5 as of 06:43 a.m.

The Reserve Bank of India’s Monetary Policy Committee will announce their key lending rate decision on Friday. MPC is likely to maintain status quo amid the continuing need to bring down inflation further, even as economic activity remains strong.

Indian benchmark equity indices extended their recovery for a second consecutive session after the steep fall they witnessed on the counting day. The Nifty closed around 400 points lower than its highest ever close on Monday and the Sensex was nearly 1,400 points below its highest close.

The Nifty closed 231.40 points higher, or 1.02%, at 22,851.75, and the Sensex ended 692.27 points up, or 0.93%, at 75,074.51.

Overseas investors stayed net sellers of Indian equities on Thursday for the third consecutive session. Foreign portfolio investors offloaded stocks worth Rs 6,867.7 crore, while domestic institutional investors stayed net buyers for the second straight session and bought equities worth Rs 3,718.4 crore, according to provisional data from the National Stock Exchange.

The Indian currency weakened 10 paise to close at 83.47 against the US dollar.