NIFTY50, SENSEX: Asian markets, FII move, RBI MPC, oil prices, other key things to know before market opens on June 5

NSE data showed that the GIFT NIFTY futures in Ahmedabad indicate that the benchmark NIFTY50 is likely to open around 150 points or 0.64% higher on Thursday, when compared to the previous market close levels.

At 7:59 am, the GIFT NIFTY futures were trading 0.12% higher at 23,567 points ahead of the opening bell as investors focused on somewhat eased oil prices and the RBI’s meeting outcome.

The NIFTY50 index closed 0.05% higher at 23,416.55 points after Thursday’s trading session, compared to 23.405.60 points at the previous market close, according to the exchange data.

Meanwhile, the BSE SENSEX also ended flat, closing 0.02% higher at 74,360 points after the trading session on June 4, compared to 74,346.17 points at the previous market close, as per the stock exchange data.

Investors will remain focused on the RBI’s key monetary policy meeting outcome, which is scheduled to be released around 10 am (IST), for any positive cues or any change in the stance of the central bank amid the current geopolitical environment.

Key focus will also remain on monitoring the marginally cooling oil prices in the global market, and towards any positive developments from the US-Iran’s third round of negotiations in the 14th week of the war.

Key things to know before opening bell

Asian markets today

The Asian markets on June 5 were witnessing the continued pullback impact from the tech rally in global stocks, as investors focused on steady oil prices while pinning their hopes on a potential agreement between the US and Iran by next week.

MarketWatch data showed that Japan’s Nikkei 225 was down 1.77% at 66,260 points, Hong Kong-based Hang Seng was down 0.40% at 25,152 points, China’s Shanghai Composite was trading 0.15% lower at 4,052 points, the KOSPI was down 4.56% at 8,248 points, and the Singapore-based FTSE was down 0.15% at 5,060 points on June 5.

Reports suggest that the sentiment was further dragged down by the South Korean Won dropping to its weakest level since 2009 on Friday.

RBI MPC outcome

The Reserve Bank of India is set to announce its key policy meeting outcome at 10 am (IST) after the three-day meeting, where the members decide the benchmark lending rates of the Indian economy.

Market predicts that the central bank is set to keep its key interest rate unchanged at 5.25% while maintaining a ‘neutral’ stance due to the heightened geopolitical uncertainties in West Asia.

In its April 2026 policy decision, RBI entered a “wait and watch” zone, holding its interest rates at 5.25% with a neutral stance. Although the inflation was under control in the previous meeting, since then the rates have risen to 3.48% in April due to the increase in the cost of food and beverages, clothing, among other things, amid rising energy costs.

FII activity

NSE data showed that the foreign institutional investors (FIIs) have sold ₹4,447 crore worth of assets across the capital market exchanges in a single day on Thursday, continuing their selling streak in emerging markets like India.

The indices ended flat after the trading session on June 3, due to the domestic investors' support, who purchased ₹4,360 crore worth of assets amid the investment outflows. So far in June 2026, barring one day of relief, the foreign investors have continued their selling spree in Indian equities.

Crude oil prices

As of 7:45 am (IST), the Brent crude oil prices were trading 0.52% higher at $95.52 per barrel (bbl) on Friday, compared to $95.14 per bbl at the previous market close, according to Investing.com data.

Oil prices have risen 3.75% in the last five trading sessions due to the absence of a peace deal between the United States and Iran, and over reports of further escalations in West Asia.

While the WTI crude oil prices were trading 0.20% higher at $93.23 per bbl as of 7:45 am (IST) on Friday, compared to $93.04 per bbl at the previous market close, as per the exchange data.

Latest media reports from CNN suggest that Israeli forces and Hezbollah fighters have launched a military strike hours after Israel and Lebanon agreed to implement a ceasefire deal.

Escalations like these risk an uptick in oil prices amid the lack of positive indicators in West Asia.

Gold prices today

The New York Mercantile Exchange-based COMEX data showed that the gold prices were trading 0.64% lower at $4,475.90 per ounce as of 10:13 pm (ET) in the United States, compared to $4,505 per ounce at the previous market close.

The gold prices were down on the backdrop of an elevated US dollar rate near the 100 psychological level amid the risk of further escalations of the West Asia conflict, which has disrupted the global supply chain.

Traders are likely to buy less quantity of gold at a higher market price of the US dollar, due to the higher demand for the greenback in the market. The benchmark currency is widely used to trade commodities.

Data collected from the US dollar spot index (DYX) showed that the US greenback was trading 0.01% lower at 99.407 as of 10:15 pm (ET), compared to the previous currency market close.