Overview

• Wall Street ended June 30 with the S&P 500 at 6,204.95 and the Nasdaq Composite at 20,369.73, marking fresh closing highs and quarterly gains exceeding 10%.
• Canada’s repeal of its digital services tax on U.S. tech firms triggered renewed trade negotiations and boosted investor sentiment.
• On July 1, Asia-Pacific markets opened mixed with Japan’s Nikkei 225 down over 1%, South Korea’s Kospi up about 1.5% and China’s Shanghai Composite rising 0.2%.
• Indian benchmarks paused their rally on June 30 as foreign institutional investors sold into the dip while domestic institutions stepped in to cushion losses.
• Technical analysts are recommending short-term buy positions in Bank of Baroda, Asian Paints and Adani Green based on bullish EMA crossovers and RSI indicators.