Stock market on July 4: Here are 5 things to know before opening bell

The Indian equity benchmarks are set to open on a flat note on Friday, July 4, as indicated by NIFTY futures traded at Gift City in Ahmedabad. Gift Nifty futures rose 0.05% or 14 points to 25,509 amid flat cues from Asian markets. In Thursday's session, the NIFTY50 and SENSEX closed lower as market participants wait for fresh cues as July 9 trade tariff deadline looms, analysts said.

Asian markets

Most of the Asian markets were trading on a flat note as Japan's Nikkei rose 0.07%, China's Shanghai Composite advanced 0.11% while Hong Kong's Hang Seng fell 1% and South Korea's KOSPI dropped 1.51%.

Trump said his administration may begin sending out letters to trading partners as soon as Friday, setting unilateral tariff rates, ahead of the July 9 deadline for negotiations. The dollar edged lower. There’s no cash trading in Treasuries due to a holiday in the US.

US markets

US markets extended their record-breaking run to Thursday after a report showed the US job market looks stronger than Wall Street expected.

The S&P 500 rose 0.8% and touched all-time high for the fourth time in five days. The Dow Jones Industrial Average added 344 points, or 0.8%, and the Nasdaq composite gained 1%.

FII/DII activity

Foreign institutional investors (FIIs) sold shares worth ₹1,481 crore on Thursday in cash segment while domestic institutional investors bought shares worth ₹1,333 crore.

In the derivatives segment, FIIs sold index futures worth ₹2,444 crore and bought index options worth ₹65,491 crore.

Trade setup

On technical charts, the index shows a breakdown from higher levels. The previous swing high resistance of 25,200 now becomes crucial support for the index on the downside. In addition, 21 EMA levels also hold another support near 25,170 levels.

On the options data front, the 25,500 calls hold the highest open interest, indicating crucial resistance for the coming weekly expiry. On the downside, the 25,000 puts hold the highest open interest, indicating strong support for the weekly expiry.

SEBI bars Jane Street

Jane Street Group and its associated entities have been barred by the capital markets regulator, the Securities and Exchange Board of India, from accessing the securities markets, as per the SEBI's July 3 interim order in the alleged matter of index manipulation by the group.

SEBI said that the entities are prohibited from buying or selling securities, directly or indirectly.

The "unlawful gains" of ₹4,843 crore from the alleged violations have also been impounded, SEBI said. "Banks, where entities are holding bank accounts, are directed to ensure that no debits are made, without permission of SEBI, in respect of the bank accounts held individually or jointly by entities, except for the purpose of complying with this order. However, credits, if any, into the accounts may be allowed," the interim order said.