SGX Nifty down 5 points; here's what changed for market while you were sleeping

Domestic equity markets are to kick off the new month on a muted note, amid a lack of directional cues. US Stocks dropped in the overnight trade as S&P 500 booked its worst first half in 52 years. Asian peers were trading mostly lower. Crude oil prices rallied over output concerns, and intensifying fears of the economic recession continue to spook the traders. Here's breaking down the pre-market actions:

STATE OF THE MARKETS

SGX Nifty signals a flat start
Nifty futures on the Singapore Exchange traded 2.5 points, or 0.02 per cent, lower at 15,720, signaling that Dalal Street was headed for a muted start on Friday.

• Tech View: Nifty50 on Thursday saw selling pressure near 15,900 level, as it eventually closed near its opening levels, forming a Long Legged Doji on the daily chart. Such a candle suggests indecisiveness among traders. Analysts said the index needs to move out of the 15,600-900 range for a directional move.
• India VIX: The fear gauge dropped marginally, less than a per cent to 21.84 level on Thursday over its close at 21.90 on Wednesday.

Asian shares opened mostly lower
Asian stocks opened mostly lower, falling into negative territory in early trade on Friday after opening higher, tracking slumps on Wall Street. MSCI's index of Asia-Pacific shares outside Japan was down by 0.12 per cent.

• Japan's Nikkei dropped 0.74%
• Australia's ASX 200 gained 0.48%
• New Zealand's DJ jumped 0.35%
• South Korea's Kospi shed 0.40%
• China's Shanghai declined 0.20%
• Hong Kong's Hang Seng fell 0.62%

US stocks fall; S&P 500 books worst H1 since 1970
Wall Street stocks fell on Thursday, a fitting end to a bruising first half of 2022, finishing solidly lower after US data showed persistently high inflation pinching consumer spending. It was worst first half year in more than half a century for S&P 500.

• Dow Jones dropped 0.82% to 30,775.43
• S&P 500 plunged 0.88% to 3,785.38
• Nasdaq tumbled 1.32% to 11,028.74

Euro under pressure
The euro struggled to regain a footing on Thursday, having tumbled overnight against a resurgent US dollar, which benefited from safe-haven demand on renewed worries about higher rates and a global recession.

• Dollar index pinned at 105.19
• Euro dropped to $1.044
• Pound becalmed to $1.21225
• Yen was struggled at 136.57 per dollar
• Yuan exchanged hands at 6.6965 against the greenback

Oil prices rose
Oil prices edged up in early trade on Friday, after sinking in the previous session as OPEC+ said it would stick to its planned oil output hikes in August and investors worried about the strength of the global economy.

Brent crude futures rose 83 cents, or 0.8 per cent, to $109.86 a barrel by 0012 GMT. WTI crude futures for August delivery rose 70 cents, or 0.7 per cent, to $106.46 a barrel.

FIIs sell shares worth Rs 1,138 cr
Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 1,138.05 crore, data available with NSE suggested. However, DIIs remained net buyers to the tune of Rs 1378.2 crore, data suggests.

Stocks in F&O ban today
No stocks are under the F&O ban for Friday, July 1. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 per cent of the market-wide position limit.

Monthly auto sales
The automobile manufacturers, whether two-wheeler or four-wheeler, will report their number of units sold for the month of June 2022. Auto companies mandatorily share the monthly sales data for the previous month on the first date of every new month.

MONEY MARKETS
Rupee: Sliding for the fifth straight session, the rupee fell 3 paise to close at a fresh lifetime low of 79.06 against the US dollar on Thursday amid a strong greenback overseas and unrelenting foreign fund outflows.

10-year bonds: India 10-year bond dropped by 0.12 per cent to 7.45 after trading in 7.41 - 7.46 range on Thursday.

Call rates: The overnight call money rate weighted average stood at 4.75 per cent on Wednesday, according to RBI data. It moved in a range of 3.30-4.95 per cent.