Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 52 points at the opening bell. IT bellwether TCS will consider Q1 result today, 9 July 2020.

Overseas, Asian stocks are trading higher on Thursday, as hopes of a robust economic recovery offset concerns over flare-ups in the coronavirus pandemic, and as investors looked ahead to earnings season.

Producer price index slipped 3% year-on-year in June, according to data from China's National Bureau of Statistics. Meanwhile, the consumer price index rose 2.5% as compared with a year ago.

In US, stocks ended Wednesday higher, with the tech-heavy Nasdaq scoring an all-time record, as investors focused on stocks that can outperform amid an acceleration of coronavirus infections in about 30 American states and longer periods of working from home.

Equity markets booked gains Wednesday, even as investors focused on the question of whether unabated increases in COVID-19 cases in a number of U.S. states would delay economic recovery.

In separate appearances, three U.S. Federal Reserve officials said the pace of the economic recovery may be stalling, though another, St. Louis Fed President James Bullard, reportedly said he felt many lost jobs will be regained by year's end.

U.S. traded shares of Alibaba Group Holding rallied 9%, following a report that the Chinese e-commerce giant plans an initial public offering for Ant Financial Services Group. KKR & Co. stock gained 10% after it announced Wednesday an agreement to buy retirement and life insurance company Global Atlantic Financial Group.

Back home, the market corrected on Wednesday, snapping a five-day rising streak. Mixed global cues triggered profit booking in domestic shares. IT stocks tumbled while metal shares bucked trend. The barometer S&P BSE Sensex tumbled 345.51 points or 0.94% at 36,329.01. The Nifty 50 index lost 93.90 points or 0.87% at 10,705.75. Both these indices jumped about 5% in the past five trading sessions.

Foreign portfolio investors (FPIs) sold shares worth Rs 994.87 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 853.41 crore in the Indian equity market on 8 July, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 24 points at the opening bell.

Overseas, Asian stocks are trading mixed as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery. Coronavirus cases are on the rise in the Australian state of Victoria, which led to lockdown measures being reimposed in Melbourne, the country's second-biggest city.

In US, stocks fell on Tuesday as new US coronavirus cases rose further. Large parts of the United States reported tens of thousands of new coronavirus infections. New York expanded its travel quarantine for visitors from three more states, while Florida's greater Miami area rolled back its reopening.

Walmart Inc gained 6.8% after a report that the retailer is close to launching its membership program, a direct competitor for Amazon.com's Prime service. Amazon shares slipped 1.3%.

Novavax Inc jumped 31.6% as the U.S. government awarded $1.6 billion to the drugmaker to cover testing, commercialization and manufacturing of a potential coronavirus vaccine in the country.

Back home, the market extended its winning run for the fifth consecutive session on Tuesday. The barometer S&P BSE Sensex gained 187.24 points or 0.51% at 36,674.52. The Nifty 50 index added 36 points or 0.33% at 10,799.65.

Foreign portfolio investors (FPIs) bought shares worth Rs 829.90 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 784.47 crore in the Indian equity market on 7 July 2020, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 29 points at the opening bell.

Overseas, Asian stocks are trading higher on Tuesday as investors weighed growing expectations of an economic rebound in China and a resurgent US services industry.

In US, stocks finished sharply higher Monday, with the Nasdaq scoring a record close, as a rebound in U.S. services industry activity in June and expectations of a revival in China's economy boosted optimism, helping investors look past a surge in new coronavirus cases in the United States.

The gains came despite a record surge in new COVID-19 cases in 16 states in the United States this month that could further hamper reopening plans and create a risk to the economic recovery.

Amazon.com, Inc.'s stock rose 5.8% to close at $3,057 a share, topping the $3,000 level for the first time in its history and clinching a $1.5 trillion valuation.

The Institute for Supply Management's (ISM) non-manufacturing activity index almost returned to its pre-COVID-19 pandemic levels last month, jumping to a reading of 57.1, the highest since February, from 45.4 in May, a report showed.

Back home, domestic shares advanced for the fourth straight session on Monday, tracking positive global cues. The barometer S&P BSE Sensex rallied 465.86 points or 1.29% at 36,487.28. The Nifty 50 index surged 156.30 points or 1.47% at 10,763.65.

Foreign portfolio investors (FPIs) bought shares worth Rs 348.35 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 263.47 crore in the Indian equity market on 6 July, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 76 points at the opening bell.

Overseas, Asian stocks are trading near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.

In US, financial markets were closed Friday for the observance of Independence Day.

Back home, domestic shares ended with modest gains after a volatile session on Friday. IT shares were in demand while banks corrected. Shares across Asia advanced on robust US payrolls data and a brisk pickup in Chinese service sector activity. However, a surge in coronavirus cases capped strong gains. The barometer S&P BSE Sensex rose 177.72 points or 0.5% at 36,021.42. The Nifty 50 index jumped 55.65 points or 0.53% at 10,607.35.

Foreign portfolio investors (FPIs) bought shares worth Rs 857.29 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 331.96 crore in the Indian equity market on 3 July, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 45 points at the opening bell.

Overseas, Asian stocks rose on Friday as positive economic data raised optimism over the prospects of an economic recovery from the coronavirus pandemic.

China's services sector expanded in June as the easing of coronavirus-related lockdown measures revised consumer demand, a private survey showed on Friday, though companies continued to shed jobs. The Caixin/Markit services Purchasing Managers' Index (PMI) rose to 58.4, the highest reading since April 2010, from May's 55 reading.

In US, Wall Street closed higher and the Nasdaq reached an all-time closing high on Thursday buoyed by a record surge in payrolls, which provided assurance that the U.S. economic recovery was well under way. Tesla Inc jumped 8% after the electric car maker's second-quarter vehicle deliveries beat estimates.

US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month.

US markets are closed on Friday in observance of Independence Day.

Back home, domestic shares rallied on Thursday, mirroring positive global markets as increasing optimism for a safe and effective COVID-19 vaccine eased concerns about a second wave of infections. The barometer S&P BSE Sensex rallied 429.25 points or 1.21% at 35,843.70. The Nifty 50 index jumped 121.65 points or 1.17% at 10,551.70.

Foreign portfolio investors (FPIs) sold shares worth Rs 556.72 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 908.64 crore in the Indian equity market on 2 July, provisional data showed.

Domestic stocks are likely to open in the green tracking positive global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 75 points at the opening bell.

Overseas, Asian stocks are trading higher on Thursday following positive news overnight around the development of a potential coronavirus vaccine.

Tensions will be watched, as Hong Kong police announced Wednesday they had made their first arrests after China's national security law went into effect.

In US, the Dow finished lower Wednesday, but the tech-heavy Nasdaq was vaulted to a fresh record close, giving the year's second half a mixed start as investors focused on signs of economic recovery from the coronavirus crisis and a new Fed promise for clarity on the path of rates.

Market participants parsed minutes from the Fed's June 9-10 meeting, where the rate-setting Federal Open Market Committee agreed to provide clarity in future communications about what would cause the central bank to keep rates close to zero or move them higher. The committee kept federal-funds rates at a range between 0% and 0.25% and signaled that it might hold levels there until at least 2022.

The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement a national security law.

The Institute of Supply Management said its manufacturing purchasing managers index climbed to 52.6% from 43.1% in May and from an 11-year low of 41.5% in April. Any reading above 50 represents an expansion in economic activity.

Back home, domestic benchmarks ended with strong gains on Wednesday. Positive Asian cues and recovering domestic macro data cheered investors. Banks stocks rallied while pharma stocks extended losses. The barometer S&P BSE Sensex rallied 498.65 points or 1.43% at 35,414.45. The Nifty 50 index jumped 127.95 points or 1.24% at 10,430.05.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,696.45 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,377.13 crore in the Indian equity market on 1 July, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 49 points at the opening bell.

Prime Minister Narendra Modi addressed the nation at 16:00 IST yesterday, 30 June. This was his sixth address to the nation since the outbreak of COVID-19. Modi announced that the Pradhan Mantri Garib Kalyan Anna Yojana, the free foodgrain scheme to poor families, will be extended till November 2020. More than 80 crore people will be given free grains for the next five months.

Fitch Ratings on June 30 lowered India's growth forecast for 2021-22 fiscal to 8% from 9.5% projected last month. The rating agency, however, retained its projection of Indian economy contracting by 5% in the current fiscal.

Overseas, Asian stocks are trading higher on Wednesday as a private survey showed China's factory activity for June was better than expected. Markets in Hong Kong are closed for trading on Wednesday for a holiday.

Results of a private survey released on Wednesday showed China's manufacturing activity expanded in June, hitting its highest level since December 2019. The Caixin/Markit manufacturing Purchasing Manager's Index came in at 51.2 as compared to 50.7 in May.

A private survey showed Chinese manufacturing activity in June growing more than expected, with the Caixin/Markit manufacturing Purchasing Manager's Index (PMI) coming in at 51.2 last month as compared to 50.7 in May.

The Bank of Japan's quarterly Tankan survey released Wednesday showed a worsening business mood in the country. The headline index for large manufacturers' sentiment worsened to -34 in June, as compared with -8 in March.

Japan's factory activity shrank for a 14th straight month in June on sharp reductions in output and new orders, pointing to a heavy hit to demand from the coronavirus pandemic, a business survey showed on Wednesday. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 40.1 from 38.4 in May and a preliminary 37.8 released last week.

In US, stocks finished higher Wednesday, as data showed a recovery in consumer confidence and higher home prices, helping to offset ongoing concerns about the rising number of new coronavirus cases in many American states.

Both the Dow and S&P 500 index booked their best quarterly performance in more than 20 years, while the Nasdaq Composite had its best quarter since 1999, as the indexes recovered from the lows seen in late March when the coronavirus crisis forced business activity to grind to a halt.

Stocks rallied after testimony to Congress by Federal Reserve chair Jerome Powell and U.S Treasury Secretary Steve Mnuchin underscored an ongoing commitment to anchor the U.S. economy through the global public health disaster.

Mnuchin said the Treasury and Fed were looking at extending the Fed's established 11 emergency lending facilities to include asset-based lending markets, but also reiterated that additional types of COVID-19 aid likely will need to be addressed by Congress under the next phase of stimulus.

In U.S. economic data, the Case-Shiller house price index rose 4% on an annual basis in April. The index of consumer confidence rose to 98.1 this month from a revised 85.9 in May, the Conference Board said Tuesday.

Back home, the Sensex and the Nifty ended a volatile session with tepid losses on Tuesday. PSU banks and pharma stocks tumbled. Rising coronavirus cases across the globe spooked investors. The barometer S&P BSE Sensex declined 45.72 points or 0.13% at 34,915.80. The Nifty 50 index fell 10.30 points or 0.10% at 10,302.10.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,000.08 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,051.31 crore in the Indian equity market on 30 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 72 points at the opening bell.

Prime Minister Narendra Modi will address the nation at 4 pm today, 30 June 2020. This would be the prime minister's sixth address to the nation since the outbreak of the pandemic.

The Union government on Monday night issued guidelines for the month-long 'Unlock 2' -- the phased re-opening of activities that were barred to contain the coronavirus spread in the country. Under the Unlock 2 guidelines, Social/ political/ sports/ entertainment/ academic/ cultural/ religious functions and other large congregations remain prohibited. Metro Rail services shall remain shut and cinema halls, gymnasiums, swimming pools, entertainment parks, theatres, bars, auditoriums, assembly halls and similar places will also not be allowed to open. All activities apart from those prohibited will be allowed outside containment zones.

Lockdown will remain in force in COVID-19 containment zones till July 31 and district authorities to demarcate zones, according to the guidelines. Night curfew will remain in force between 10 pm and 5 am throughout country, except for essential activities. Unlock 1 ends on June 30 and Unlock 2 will be in force from 1 to 31 July.

Overseas, Asian stocks are trading higher on Tuesday as the sentiment was boosted from upbeat US data.

China's factory activity expanded at a faster pace in June as the economy continues to recover after the government lifted strict lockdowns and ramped up investment. The official manufacturing Purchasing Manager's Index (PMI) rose to a three-month high of 50.9 in June from 50.6 in May, above the 50-point mark that separates growth from contraction on a monthly basis.

Japan's industrial output fell for a fourth straight month in May, highlighting the widespread impact of the coronavirus on factory and overall business and consumer activity. Ministry of Economy, Trade and Industry data out on Tuesday showed that factory output fell 8.4% month-on-month in May to 79.1. The slump followed a 9.8% decline in the previous month.

In US, Wall Street stocks closed higher on Monday as investors hoped for a stimulus-backed economic rebound.

A dozen states, including Florida, Texas, California and Arizona — now hot spots in the U.S. — reversed reopening plans and implemented tighter restrictions to prevent a further spread of the viral epidemic, as per reports.

Data showed that pending home sales in May spiked 44.3% compared with April, according to the National Association of Realtors. Sales were still 5.1% lower compared against the same time last year.

Back home, domestic shares ended with modest losses on Monday on the back of mixed global cues amid rising coronavirus cases. Weakness in banks and IT shares put pressure on bourses. The barometer S&P BSE Sensex declined 209.75 points or 0.6% at 34,961.52. The Nifty 50 index fell 70.60 points or 0.68% at 10,312.40.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,937.06 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,036.13 crore in the Indian equity market on 29 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 47 points at the opening bell.

S&P Global Ratings said on June 26 that the Indian economy is in deep trouble with growth expected to contract by 5% in FY21. Difficulties in containing the virus, an anemic policy response, and underlying vulnerabilities, especially across the financial sector, are leading us to expect growth to fall by 5% this fiscal year before rebounding in 2021, S&P said in a report.

Banks may lend less than they normally would in a recovery to focus on the overhang from the pandemic. Private firms may prefer to stabilize debt rather than ramp up spending on new investments, even though demand is improving, S&P said.

Overseas, Asian stocks are trading lower on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy.

Retail sales in Japan tumbled at a double-digit pace for the second straight month in May as the coronavirus pandemic and lockdown measures delivered a heavy blow to consumer confidence.

Retail sales fell 12.3% in May from a year earlier, pulled down by a slump in spending on big ticket items such as cars as well as clothing and general merchandise, trade ministry data showed on Monday. The decline followed a 13.9% drop in April, which was the biggest fall since March 1998.

In US, stock indexes closed with sharp losses on Friday, after Texas and Florida were forced to backtrack on reopening their economies as coronavirus cases rose further and a record number of new cases were reported nationwide.

Governors in Texas and Florida ordered all bars to close again on Friday, making the states the first to reverse some reopening measures after months of lockdowns.

The Federal Reserve's annual stress test of the major banks showed some banks could get close to minimum capital levels in scenarios related to the coronavirus pandemic. Because of this, banks must suspend share repurchase programs and cap dividend payments at current levels for the third quarter.

In U.S. economic data, consumer spending climbed in May to a record 8.2% after tumbling in April, as consumers used government stimulus checks to help Americans deal with job losses during the pandemic. However, personal incomes sank 4.2% last month, reflecting the mass unemployment. Social media stocks dropped after Unilever N.V. said it would join in halting advertising on the platforms until hate speech concerns were addressed.

In other economic reports, the final results of the consumer-sentiment survey in June slipped to 78.1 from an initial 78.9, the University of Michigan said Friday.

Back home, key domestic benchmarks ended with strong gains on Friday, supported by rally in IT shares. The barometer S&P BSE Sensex rallied 329.17 points or 0.94% at 35,171.27. The Nifty 50 index added 94.10 points or 0.91% at 10,383. Positive global cues boosted sentiment.

Foreign portfolio investors (FPIs) sold shares worth Rs 753.18 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,304.18 crore in the Indian equity market on 26 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 45 points at the opening bell.

Overseas, Asian stocks are trading higher on Friday despite increased volatility and rising new coronavirus infections.

In US, Wall Street's main indices closed higher in choppy trading on Thursday, with bank stocks soaring ahead of annual stress test results and helping to offset investor jitters over alarming increases in new coronavirus cases.

Apple Inc said it would close 14 stores in Florida again due to rising COVID-19 cases after other re-closures in Houston, Arizona, South Carolina, and North Carolina. Texas Governor Greg Abbott said he was halting his state's phased economic reopening in response to a jump in COVID-19 infections and hospitalizations.

The Fed on Thursday said it will cap big bank dividend payments and halt share repurchases until at least the fourth quarter. It found lenders faced significant capital losses when tested against an economic downturn caused by the coronavirus pandemic.

The US economy shrank at a 5% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic. The Commerce Department reported on Thursday that the decline in the gross domestic product, the total output of goods and services, in the January-March quarter was unchanged from the estimate made a month ago.

Back home, the Sensex and the Nifty ended with small losses on Thursday. Trading was volatile as the June 2020 F&O contracts expired on Thursday, 25 June 2020. IT shares declined while FMCG shares climbed. The barometer S&P BSE Sensex declined 26.88 points or 0.08% at 34,842.10. The Nifty 50 index fell 16.4 points or 0.16% at 10,288.90.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,050.61 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 255.59 crore in the Indian equity market on 25 June, provisional data showed.

Market may see volatile swings today as traders roll over positions in the F&O segment from the near month June series to July series. The June 2020 F&O contracts expire today, 25 June 2020.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 130 points at the opening bell.

The International Monetary Fund (IMF) on June 24 projected a sharp contraction of 4.5% for the Indian economy in 2020, a “historic low,” citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce back in 2021 with a robust 6% growth rate.

The IMF projected the global growth at -4.9% in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. Given the unprecedented nature of this crisis, as is the case for almost all countries, this projected contraction is a historic low, Gita Gopinath, IMF's Chief Economist, said as she released the World Economic Outlook Update.

Overseas, Asian stocks are trading lower following a tumble in Wall Street stocks and oil prices on Thursday after surging U.S. coronavirus cases and the International Monetary Fund's downgrade to global economic projections shook confidence in a recovery. Markets in Hong Kong and mainland China are closed for public holidays on Thursday.

In US, Wall Street's three major indexes on Wednesday suffered their biggest daily percentage drop in almost two weeks as a surge in U.S. coronavirus cases intensified fears of another round of government lockdowns and worsening economic damage.

Shares of U.S. airlines, resorts and cruise operators slumped as travel was hit hard by lockdowns. Royal Caribbean Cruises Ltd, Norwegian Cruise Line Holdings Ltd and Wynn Resorts all tumbled.

On Wednesday, three U.S. states reported record increases in new cases -- Florida, Oklahoma and South Carolina -- driving the negative sentiment.

The governors of New York, New Jersey and Connecticut, initially hard hit by the pandemic, ordered travelers from nine other states to quarantine for 14 days on arrival as COVID-19 showed signs of rising in other areas.

Back home, the Sensex and the Nifty corrected sharply on Wednesday, after rising almost 6% in the past four sessions. Banks and pharma shares tumbled due to profit booking. European stocks fell while US index futures corrected amid spike in COVID-19 cases worldwide. The barometer S&P BSE Sensex tumbled 561.45 points or 1.58% at 34,868.98. The Nifty 50 index slumped 165.70 points or 1.58% at 10,305.30.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,766.90 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,524.90 crore in the Indian equity market on 24 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 34 points at the opening bell.

Overseas, Asian stocks are trading mixed on Wednesday, as a spike in new coronavirus infections weighed on sentiment, although U.S. assurances that the China trade deal was intact and upbeat economic data provided some reasons for optimism.

In US, stock indexes closed higher Tuesday, with the Nasdaq Composite booking another record close, helped by improving economic data and optimism on Wall Street about the ability of the U.S. to respond to rising COVID-19 cases.

Technology and consumer-oriented stocks led the rally, with Apple posting an all-time record close, as investors responded to announcements from the tech giant's Worldwide Developers Conference. Apple Inc. announced new operating systems for its iPhones and computers and said it would use its own chips when building new Mac computers, ditching Intel's in the process.

Dr. Anthony Fauci, the nation's top infectious disease expert, warned Tuesday that the “next couple of weeks are going to be critical” in terms of the addressing a “disturbing surge” in COVID-19 cases across the United States, while also vowing to ramp up, not slow down, testing for the virus, in testimony before Congress on the federal response to the pandemic. He also reiterated a cautious optimism about the prospects for the development of a vaccine by year's end or early 2021.

In U.S. economic data, IHS Markit's preliminary, composite purchasing manager's index rose to 46.8 in June from 37 in May, highlighting a nascent economic recovery. The data showed the services sector index rose to 46.7 in June from 36.9 in May, and the manufacturing index recovered to 49.6, compared with 39.8 previously.

Back home, domestic shares ended sharply higher on Tuesday amid positive global cues. The barometer S&P BSE Sensex jumped 519.11 points or 1.49% at 35,430.43. The Nifty 50 index rallied 159.80 points or 1.55% at 10,471.

Foreign portfolio investors (FPIs) bought shares worth Rs 168.96 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 454.48 crore in the Indian equity market on 23 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 9 points at the opening bell.

Ratings agency Moody's on 22 June 2020 said that it sees India's GDP contracting to 3.1% in 2020 and growing 6.9% in 2021. It also said that the second quarter of the current fiscal will go down as the worst quarter for global economy since World War 2, although it will start improving from the beginning of the second half of 2020.

Overseas, Asian stocks are trading higher on Tuesday after a positive close on Wall Street.

Japan's factory activity remained stuck at an 11-year low in June, in a sign the coronavirus pandemic is taking a toll on manufacturers even as services-sector sentiment picks up. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) edged down to a seasonally adjusted 37.8 from a final 38.4 in May. The index recorded its lowest since March 2009 for a second straight month, staying below the 50 threshold that separates contraction from expansion for a 14th month.

In US, Wall Street's three major indexes closed higher on Monday with the biggest gains in technology stocks as investors focused on the potential for more government stimulus measures even as they worried about an increase in coronavirus cases in the United States and other countries.

Dow ended above 26,000 while rally in tech-related stocks propelled Nasdaq to fresh record close.

Meanwhile, New York City started allowing companies to reopen their offices Monday after a three-month lockdown because of the pandemic. White House trade adviser Peter Navarro said the Trump administration is preparing for a second wave, but isn't anticipating one.

Steve Schwarzman, CEO of Blackstone said that the economy may benefit from a V-type recovery but getting back to levels of 2019 will take 'quite a while.'

Back home, the market ended a volatile session with decent gains on Monday, shrugging negative global cues. The firmness in domestic shares was led by strength in financial stocks. The barometer S&P BSE Sensex climbed 179.59 points or 0.52% at 34,911.32. The Nifty 50 index rose 66.80 points or 0.65% at 10,311.20.

Foreign portfolio investors (FPIs) bought shares worth Rs 424.21 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,287.69 crore in the Indian equity market on 22 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 49 points at the opening bell.

Overseas, Asian stocks were trading little changed on Monday. China kept its benchmark lending rate unchanged on Monday, with the 1-year loan prime rate left at 3.85%. The 5-year loan prime rate was also kept steady at 4.65%.

In US, stock indexes gave up strong early gains to close mostly lower Friday, after the World Health Organization signaled that the coronavirus pandemic remains a deadly threat, and Apple said it will re-close some stores due to rising case counts in parts of America, casting doubt on the speed of economic recovery.

Apple said it's reclosing a total of 11 stores in Florida, Arizona, South Carolina and North Carolina. All of the stores had been re-opened since Apple initially closed them in March amid the outbreak.

The World Health Organization at a Friday briefing also said that the coronavirus pandemic has entered a “new and dangerous phase.” Arizona and Florida reported record spikes in confirmed Covid-19 cases on Friday as states continue their phased reopenings and ramping up testing.

In economic reports, the U.S. current-account deficit, a measure of the nation's debt to other countries, slipped 0.1% in the first quarter. The current-account deficit fell to $104.2 billion from a revised $104.3 billion in the 2019 fourth quarter.

Back home, the market ended with strong gains on Friday, supported by positive global shares. Index heavyweight Reliance Industries (RIL) rallied over 6% on turning net-debt free after raising Rs 1.69 lakh crore in less than two months. The barometer S&P BSE Sensex rose 523.68 points or 1.53% at 34,731.73. The Nifty 50 index added 152.75 points or 1.51% at 10,244.40.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,237 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 880.66 crore in the Indian equity market on 19 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 5 points at the opening bell.

Overseas, Asian stocks were mixed on Friday as investors continued to monitor the situation surrounding a recent uptick in coronavirus cases in some countries.

Meanwhile, a Chinese health expert said Thursday that a recent virus outbreak in Beijing is under control. The Chinese capital saw a jump in infections after more than 50 days without domestically transmitted Covid-19 cases.

In US, stocks ended mixed on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns.

Back home, domestic shares ended with robust gains on Thursday, led by rally in banks and metal shares. Gains in HDFC twins and index heavyweight Reliance Industries (RIL) boosted indices. The barometer S&P BSE Sensex jumped 700.13 points or 2.09% at 34,208.05. The Nifty 50 index rallied 210.50 points or 2.13% at 10,091.65.

Foreign portfolio investors (FPIs) bought shares worth Rs 366.57 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,131.27 crore in the Indian equity market on 18 June, provisional data showed.

Local stocks are likely to open lower on negative global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 77 points at the opening bell.

Overseas, Asian stocks are trading lower as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.

In US, the S&P 500 and the Dow reversed earlier gains to snap a three-day winning streak as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery. Tech shares led the Nasdaq to a modest gain.

U.S. Federal Reserve Chair Jerome Powell wrapped up two days of congressional testimony, during which he pledged the central bank will use its “full range of tools” to help that recovery along. But Powell added, It would be a concern if Congress were to pull back on the support that it's providing, too quickly.

Organization of the Petroleum Exporting Countries (OPEC) on Wednesday forecast a gradual recovery in oil demand that has been hammered by the coronavirus crisis and said record supply cuts by the group and other producers were already helping rebalance the market.

In a monthly report, the OPEC said world oil demand would decline by 6.4 million barrels per day (bpd) in the second half of 2020, a less severe drop than the 11.9 million bpd fall in the first six months. A gradual recovery (is) projected until the end of 2020, OPEC said in the report.

Back home, key domestic benchmarks ended the volatile session with modest losses on Wednesday. Geopolitical tension between India and China resulted in market weakness. Investors were also worried about the rising number of coronavirus cases and deaths in India. The barometer S&P BSE Sensex declined 97.30 points or 0.29% at 33,507.92. The Nifty 50 index fell 32.85 points or 0.33% at 9,881.15.

Foreign portfolio investors (FPIs) sold shares worth Rs 486.62 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 168.05 crore in the Indian equity market on 17 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 45 points at the opening bell.

Overseas, Asian stocks are trading lower as the International Monetary Fund said the global economy is set to see a more significant contraction than it previously forecast.

Japan's exports plunged 28.3% year-on-year in May, according to provisional trade statistics released Wednesday by the country's Ministry of Finance.

IMF Chief Economist Gita Gopinath said in a Tuesday blog post that the forthcoming June World Economic Outlook Update is expected to show negative growth rates even worse than previously estimated. The fund also said the current crisis, which it dubbed the Great Lockdown, is unlike anything the world has seen before.

Investors continue to watch for developments on the geopolitical front regionally, as tensions escalate along the Korean peninsula after North Korea reportedly destroyed a liaison office with the South.

In US, Wall Street advanced on Tuesday as the prospect of additional stimulus and a record jump in retail sales suggested the U.S. economy could bounce back sooner than expected.

A full US economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chair Jerome Powell said on Tuesday, as he began the first of two days of hearings before US lawmakers. The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures, Powell added.

In economic data, U.S. retail sales jumped by 17.7% in May, the government said Tuesday. U.S. industrial production for May rose by 1.4%, as many factories resumed operations after shutdowns spurred by the coronavirus crisis, the Federal Reserve said Tuesday.

Back home, domestic shares advanced on Tuesday amid high volatility as strong global cues boosted sentiment while India-China faceoff in Ladakh capped gains. The barometer S&P BSE Sensex gained 376.42 points or 1.13% at 33,605.22. The Nifty 50 index rose 100.30 points or 1.02% at 9,914.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,478.52 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,161.51 crore in the Indian equity market on 16 June, provisional data showed.

Key benchmark indices are likely to open higher on Tuesday on positive global stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 185 points at the opening bell.

India's merchandise exports dipped 36.5% to US$ 19.05 billion in May 2020 over a year ago. Meanwhile, merchandise imports also declined 51.0% to US$ 22.20 billion. The trade deficit fell 79.5% to US$ 3.15 billion in May 2020 from US$ 15.36 billion in May 2019.

Merchandise exports in rupees plunged 31.1% to Rs 144166 crore, while imports rose declined 46.9% to Rs 167978 crore in May 2020 over May 2019. The trade deficit eased to Rs 23812 crore in May 2020 compared with Rs 107168 crore in May 2019.

As per the data released by the Reserve Bank of India, India's services exports declined 8.9% to US$ 16.45 billion in April 2020 over April 2019. Meanwhile, India's services imports dipped 18.4% to US$ 9.30 billion in April 2020.

India's services trade surplus improved 7.3% to US$ 7.15 billion in April 2020 from US$ 6.66 billion in April 2019.

Overseas, Asian stocks are trading higher on Tuesday following the positive cues overnight from Wall Street after the U.S. Federal Reserve also announced plans to buy individual corporate bonds to support market liquidity.

Investors now look ahead to the Bank of Japan's monetary policy decision due later in the day. The BoJ is widely expected to keep its benchmark lending rate unchanged at -0.1 percent, although it may introduce other means of stimulus.

Beijing closed the city's largest wholesale food market after scores of people tested positive for COVID-19. China on June 13 recorded its largest daily increase in cases since mid-April, as per reports.

In US, stocks benchmarks closed higher Monday, booking a sharp turnaround after the Federal Reserve took further steps to keep credit flowing to big businesses during the pandemic, amid signs of a resurgence of the deadly COVID-19 pandemic in parts of the world.

Zoom Video Communications Inc. shares climbed nearly 8.9% to a record high Monday on renewed pandemic fears on a resurgence of COVID-19 cases in China and in parts of the U.S. ViacomCBS Inc shares jumped 8.7%, making it the S&P 500's biggest gainer on Monday. The company's Chief Executive Bob Bakish said that live sports will return to TV in June, starting with PGA golf.

Stocks rose Monday after the Federal Reserve said it is expanding the scope of its $750 billion emergency corporate debt loan facility to include individual corporate bonds, while also scrapping some earlier restrictions for potential borrowers.

Meanwhile, increases in infections in Florida and Texas have raised fears about the success of efforts to gradually reopen the U.S. economy, with phased restarts of business activity in all 50 states. Reports on Sunday showed that Alaska, Arizona, Arkansas, California, Florida, North Carolina, Oklahoma and South Carolina all had record numbers of new cases in the past three days.

Meanwhile, White House economic adviser Larry Kudlow on Sunday played down the increase in coronavirus cases and said the country “has got to open.” Kudlow attributed the rise of new cases seen in a number of states to an increase in testing.

Back home, domestic equity barometers slumped on Monday, as fears of a second wave of COVID-19 infections sent jitters across global stock markets. Several districts of China's capital Beijing closed schools and ordered people to be tested after an unexpected rise in infections linked to the biggest wholesale food market in Asia. The barometer S&P BSE Sensex tumbled 552.09 points or 1.63% at 33,228.80. The Nifty 50 index lost 159.20 points or 1.6% at 9,813.70.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,960.33 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,076.38 crore in the Indian equity market on 15 June, provisional data showed.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 32 points at the opening bell.

Overseas, Asian stocks are trading lower on Monday on fears of a second wave of coronavirus infections in China.

Meanwhile, Chinese economic data for May released Monday missed expectations. Industrial production in the country for that month rose 4.4% year-on-year. Retail sales declined 2.8% year-on-year in May.

In US, stocks closed higher Friday in choppy trading as Wall Street attempted to recover from Thursday's steep losses. Adobe Inc. shares came close to topping a previous all-time closing high as work-from-home arrangements boosted subscription revenue.

Investors are assessing the state of the stock-market's 10-week rally, a day after equity indexes registered a bruising decline prompted by fears of a resurgence in the coronavirus pandemic in the U.S. and a bleak economic outlook from the head of the Federal Reserve.

Richmond Federal Reserve Bank President Tom Barkin on Friday said that the pandemic could have effects that last beyond the next couple of months and cautioned that some of the millions of jobs that have been lost during the viral outbreak may never return, echoing similar remarks made by Fed Chairman Jerome Powell on Wednesday.

Back home, the Sensex and the Nifty recouped all losses and ended with strong gains on Friday, mirroring a recovery in global stock markets. The barometer S&P BSE Sensex rose 242.52 points or 0.72% at 33,780.89. It surged 1432.79 points, or 4.43% from the day's low of 32,348.10 hit in early trade.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,311.49 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,945.15 crore in the Indian equity market on 5 May, provisional data showed.

Indian stocks are expected to open sharply lower on weak global stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 235 points at the opening bell.

Overseas, Asian stocks were trading lower on Friday after an overnight plunge on Wall Street amid fears of a second wave resurgence of the coronavirus pandemic.

In US, Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence.

The Dow Jones Industrial Average fell 1,861.82 points, or 6.9%, to 25,128.17, the S&P 500 lost 188.04 points, or 5.89%, to 3,002.1 and the Nasdaq Composite dropped 527.62 points, or 5.27%, to 9,492.73.

The number of U.S. coronavirus infections passed the two million mark and over 112,000 Americans have died, according to Johns Hopkins University. Despite fewer cases being recorded in some cities and states, the seven-day average of new cases over the past two weeks is still rising in more than 20 states, leading investors to worry about a second wave of the epidemic just as business activity is resuming.

President Trump announced he will resume holding election rallies with the first in Tulsa, Okla., on June 19 but he isn't expected to require that attendees practice social distancing. Meanwhile, U.S. Treasury Secretary Steven Mnuchin said the U.S. shouldn't shut down the economy again even if there is another surge in coronavirus cases.

Back home, domestic shares ended with heavy losses on Thursday, mirroring weakness in global stock markets. Rising COVID-19 cases in India also dented sentiment. The barometer S&P BSE Sensex slumped 708.68 points or 2.07% at 33,538.37. The Nifty 50 index tumbled 214.15 points or 2.12% at 9,902.

Foreign portfolio investors (FPIs) sold shares worth Rs 805.14 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 874.35 crore in the Indian equity market on 11 June, provisional data showed.