Sensex Today | Stock Market LIVE Updates: GIFT Nifty indicates a muted start as index heads into weekly expiry amid by weak global cues

Sunil Singhania’s Abakkus Emerging Opportunities Fund was one of the buyers in the block deal that took place in Indegene Ltd. on Wednesday, June 4.

Other buyers in the block deal included East Bridge Capital Master Fund, Societe Generale, Smallcap World Fund, and PI Opportunities AIF.

#CNBCTV18Market | #GIFTNifty flat, indicates a muted start for the Indian market pic.twitter.com/IEk1VBHAzU

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HAL, REC, YES Bank, Gland Pharma, Vedanta, Diamond Power Infrastructure, PowerGrid, Waaree Energies, and more. These are the stocks to watch for today.

Thursday Cues

Asian markets trade mixed after weak US services & private employment data

ADP report: Payrolls rise 37,000 vs estimate of 110,000

May ISM Services PMI At 49.9 Vs Estimate Of 52

ECB expected to cut rates today in the face of US tariff challenges

ECB likely to lower rate by 25 bps; RBI in focus tomorrow

OFS Action on D-Street

Indosolar : Promoter Waaree Energies To Sell 1.15% Eq Via Offer For Sale (OFS)

Diamond Power Infra: Promoters Monarch Infraparks & GESC To Sell Up To 5.98% Eq Via OFS

Nifty seeing buying at lower end of range close to 24500

Fund Flow

FIIs Net Sell ₹1,076.18 Cr In Equities

DIIs Net Buy ₹2,566.82 Cr In Equities

Brent traded below $65 a barrel after losing 1.2% in the previous session, while West Texas Intermediate was under $63.

Oil extended declines on signs Saudi Arabia is seeking another big production increase at next month’s OPEC+ meeting, in a bid for market share that could worsen a glut expected later this year.

TRADE SET UP

Equities ended flat; SPX +0.01%, Nasdaq +0.32%

A major theme was weaker macro data (ADP + ISM Services)

US Treasury 10y yield shed 10 bps to 4.36%

Trump again called on ‘too late Powell’ to cut rates; “he is unbelievable!”

Dollar Index -0.43% to 98.80

Brent Oil -1.1% to $64.88

News report: ‘Saudis want more super-size OPEC+ hikes in push for mkt share’

President Trump spoke with Russian President Putin

Trump: Had a “good conversation” with Russian President Putin, but it was “not a conversation that will lead to immediate peace… President Putin said, and very strongly, that he will have to respond to [Ukraine’s] recent attack on [Russia’s] airfields”

Nifty attempted to bounce from the lower end of range

Nifty trading in a broader range of 24,462-25,116

Nifty faces channel resistance at 24,750

On the way down, support at 24,462 & 24,324 (40-day EMA)

Bank Nifty support at 55,216 (20-day MA)

Bank Nifty resistance at recent high of 56,161

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