Gift Nifty Trade Higher: Indian Market Likely to Open on Positive Note on July 3

The domestic equity benchmarks, Sensex and Nifty 50, are likely to open flat on Thursday, influenced by mixed global market trends.

Asian markets showed a mixed performance, while US stock indices ended mostly higher, with the Nasdaq and S&P 500 both reaching new record closing highs.

On Wednesday, Indian stocks ended in the red, primarily due to profit-taking in select heavyweight stocks. The Sensex dropped by 287.60 points (0.34%), closing at 83,409.69, and the Nifty 50 fell by 88.40 points (0.35%) to end at 25,453.40.

GIFT Nifty Today

GIFT Nifty was trading at around 25,567, marking a premium of about 20 points compared to the previous Nifty futures close, which suggests a marginally positive start for Indian indices today.

Asian Markets

Asian indices were varied on Thursday, reacting to the overnight rally in US markets and awaiting further developments on the US-Vietnam trade agreement. Japan’s Nikkei 225 declined by 0.15%, and the Topix fell by 0.21%. South Korea’s Kospi rose by 0.77%, while the Kosdaq gained 0.5%. Futures for Hong Kong’s Hang Seng index pointed to a lower opening.

US Market Highlights

US stock markets ended mostly higher on Wednesday, with the S&P 500 and Nasdaq hitting new all-time highs, driven by a surge in tech stocks and optimism around the US-Vietnam trade deal. The Dow Jones slipped by 10.52 points (0.02%) to 44,484.42, while the S&P 500 rose by 29.41 points (0.47%) to 6,227.42. The Nasdaq Composite gained 190.24 points (0.94%) to close at 20,393.13.

US-Vietnam Trade Deal

President Trump announced a deal with Vietnam that will lower US tariffs on many Vietnamese imports to 20%, down from an earlier threat of 46%. Additionally, US products will now be able to enter Vietnam duty-free.

Also Read: June 2025 Auto Sales: Tata Motors, Maruti Suzuki, M&M Shares in Focus

US Private Payrolls

Private payrolls in the US saw a surprising decline in June, marking the first drop in over two years. The ADP National Employment Report showed a reduction of 33,000 jobs last month, following a downward revision of May's gain to just 29,000. Economists had anticipated an increase of 95,000 jobs in June, compared to the originally reported 37,000 increase in May.

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