Presale settings (July 1): Gifts are beautifully stable; Asian market mix; India’s June manufacturing PMI focus
The Indian stock market is scheduled to open slightly on Tuesday, with gift trading volume of 25,642, up 10 points or 0.04% as of 8:28 am IST. Investors are expected to exercise caution, tracking global economic signals, major central bank comments and a bustling domestic IPO calendar.
What to see today
Focus will be on the final manufacturing PMI reading in June, and a key speech delivered by U.S. Federal Reserve Chairman Jerome Powell at the 2025 European Central Bank Forum in Portugal, both of which can shape investor sentiment and evaluation expectations.
Global market setting: caution and record highs
Asian markets in early trade were mixed together. Japan’s Nikkei fell 0.87% after reaching its recent 11-month high, while Topix fell 0.52%. Investors remain cautious until President Trump’s 90-day tariff probation expires. By comparison, South Korea’s Kospi soared 1.83% and Australia’s ASX 200 grew 0.15%. The Hong Kong market remains closed during the holidays.
The U.S. market continues to rally. Dow Jones Jones rose 0.63%, the S&P 500 rose 0.52%, and the Nasdaq rose 0.47%, which was supported by Canada’s relocation to cancel planned digital services taxes and mitigate trade frictions with the United States.
Domestic highlights: IPO wave and organizational mobility
The main market in India is still red hot, with several motherboard and SME IPOs making their debuts or open subscriptions today, including Ellenbarrie Industrial Gas, Kalpataru and Vandan Foods. Raymond Realty of Raymond Ltd will also be listed today.
Institutional traffic was mixed together on June 30. FIISNet sold Rs 78.762 crore, while DIIS sold Rs 33.83.01 crore for Rs 33.83.01 crore, reflecting strong domestic support.
Commodity and macroeconomics
As the dollar weakened, gold climbed 0.6% to $3,293.55. Crude oil fell slightly, with Brent at $67.61 amid eases tensions and OPEC+ supply expectations and WTI at $65.11.
India’s industrial output rose only 1.2% in May, delayed by declines in electricity and mining and higher than last year.
With a cautious global setup and a domestic calendar package, Indian stocks may open up in a stock-specific focus.
