Equity benchmarks are poised for another day of gains on Friday, June 30, as GIFT Nifty futures was up 0.14 per cent or 35 points at 25,770.5 as of the last count. The surge comes amid positive global cues after the US markets in the overnight trade on Friday settled within touching distance of record highs. The S&P 500 index ended with gains of 0.52 per cent, while the tech-heavy NASDAQ ended 0.39 per cent at 20,273.46.

A major trigger today is the NSE indices rebalancing, which will occur later in the session. Bankiing heavyweights like HDFC Bank and ICICI Bank will closed at new highs will see inflows.

In the previous session, Nifty ended higher for the fourth consecutive session- logging gains of 0.35 per cent or 89 points at 25,637.8, just 2.5 per cent away from its all-time high of 26,277.35.

India VIX cools off

Volatility remains low with India VIX falling 1.6 per cent in the previous session to 12.39, indicating confidence among market participants.

FII & DIIs

FIIs net bought Indian equities for the second straight day on Friday, pumping in Rs 1,397.02 crore. DIIs, however, continued to book profits for the second session in a row, and offloaded equities worth Rs 589 crore. 

Stocks in F&O ban

There are no stocks under the F&O ban today.

Asian markets

Most Asian stocks rose on Monday- heading for sharp gains for the month – amid hopes of trade truce with the US. Meanwhile, investors kept a close watch on the factory data from Japan, China and South Korea. 

The key MSCI Asia ex Japan index was down 0.28 per cent at 643.6.

Japan stocks were the top gainer for the day, with the benchmark index scaling to near a one-year high.