Steady global cues are supporting the mood. U.S. markets surged overnight, buoyed by stronger-than-expected non-farm payrolls (+147,000 jobs in June versus 110,000 forecast), taking the Dow Jones, S&P 500, and Nasdaq to record highs before closing for Independence Day. Meanwhile, Asia’s markets showed mixed performance, with modest gains in Japan and Australia, while South Korea’s Kospi declined.

Domestically, traders await the release of India’s forex reserves data for the week ended June 27, alongside confirmation of institutional trade flows—FIIs net sold Rs 1,771 crore, while DIIs net bought Rs 1,079 crore on July 3. The SME IPO calendar heats up today: Neetu Yoshi and Adcounty Media debut, Meta Infotech opens subscriptions, and Happy Square, Cryogenic OGS, and Crizac continue early subscription phases.

In commodities, gold prices eased on rising bond yields, while Brent crude hovers near $68.40/barrel and WTI around $66.60/barrel, reflecting a cautious yet optimistic start.

With a combination of domestic triggers and global optimism, markets are set for a steady open—but a positive breakthrough in India–US negotiations could spark sharper momentum during the session.