How will markets open today? Here are 8 cues to watch out for

The Union Budget 2025-26 has paved a positive path for equity markets boosting investor confidence, here are some key things to know before markets open. GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are implied to open on a higher note on Thursday. Also, Asian markets opened majorly on a higher note in early trade hours. 

Previously, on Wednesday, the NSE Nifty 50 finished the session 42.95 points or 0.18% lower at 23,696.30, while the BSE Sensex rose 312.53 points or 0.40% to close at 78,271.28.

Key global and domestic cues to know on February 06, 2024 Asia Markets

Asia markets traded on a higher note tracking overnight gains on Wall Street. Japan’s Nikkei 225 was trading 0.45% higher at 39,005.16. The Asia Dow was trading 1.22% higher at 3,780.37. South Korea’s Kospi added 0.45% in early trade hours and Kosdaq traded 0.8% higher. 

Also Read How will markets open today? Here are 7 cues to watch at this hour- How will markets open today? Here are 8 cues to watch at this hour- How will markets open today? Here are top 7 cues to watch ahead of opening Global action at this hour – Here are top 6 cues to watch ahead of market opening US markets

The US stock markets closed Wednesday on a higher note as investors shrugged off trade turmoil. The S&P 500 rose 0.39% to finish at 6,061.48. Nasdaq Composite Futures climbed 0.19% to end at 19,692.33. The Dow Jones Industrial Average Futures advanced 317.24 points, or 0.71%, to 44,873.28. 

US dollar 

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down almost 0.03% at 107.55 on Thursday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.45% to close at 87.47 to the dollar on February 06. 

Crude oil

The crude oil prices have edged higher. WTI crude prices were trading at $71.16 up by 0.18%, while Brent crude prices were trading at $74.73 up by 0.18%, on Thursday morning. 

FII, DII data

Foreign institutional investors (FII) were the net sellers of shares net worth Rs 1,682.83 crore.

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