First Tick: Here are the top global cues for today’s trade

Indian benchmark indices Sensex and Nifty 50 are likely to see a firm opening on May 15, tracking cues from GIFT Nifty trading around 24,757 a short while ago this morning.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

Indian benchmark indices failed to build on the opening gains to end marginally higher in the highly volatile market on May 14 with banking stocks remained under pressure, while IT, media, metal, realty provided support at the lower levels.

At close, the Sensex was up 182.34 points or 0.22 percent at 81,330.56, and the Nifty was up 88.55 points or 0.36 percent at 24,666.90.

GIFT Nifty (Up)

The GIFT Nifty is trading firm at around 24,757, indicating a positive start for the day.

Asian Equities (Down)

Stocks in Asia fell on Thursday for the first time in five sessions as the rally on Wall Street sparked

by US-China trade talks showed signs of exhaustion.

US Equities (Mixed)

The S&P 500 closed slightly higher after flitting between gains and losses during Wednesday's lackluster session as investors waited for the next batch of economic data after a robust start to the week spurred by soft inflation data and a US-China tariff truce.

The Dow Jones Industrial Average fell 89.37 points, or 0.21%, to 42,051.06 and its biggest losers were drug companies Merck & Co, down 4%, and Amgen, which finished down 3%.

The S&P 500 gained 6.03 points, or 0.10%, to 5,892.58. This added slightly to its year-to-date gain after closing higher for the year on Tuesday for the first time since February 28. The benchmark is still about 4% below its Feb. 19 record closing high, for its sixth straight day of gains.

US Bond Yield (Flat)

The yields on the US 10-year Treasury and 2-year Treasury were trading marginally lower in the early Thursday trade.

Dollar Index (Up)

The dollar wobbled on Thursday in a turbulent week that saw investor relief at the U.S.-China tariff truce give way to a cautious mood amid uncertainty over the shape of various trade deals, while the South Korean won steadied after sharp moves.

Asian currencies (Gain)

Asian currencies were trading mostly higher in the early Thursday trade with Indonesian Rupiah leading the gainers followed by Taiwan Dollar, Singapore Dollar, Philippines Peso, Thai Baht, South Korean Won.

Crude (Down)

Oil fell for a second day following a report Iran is willing to forgo nuclear weapons in a deal with the US in exchange for sanctions relief.

Gold (Gains)

Gold steadied after falling more than 2% Wednesday on signs there will be fewer Federal Reserve rate cuts than previously anticipated, and as easing US-China tensions sapped haven demand.

Fund Flow Action

The Foreign institutional investors (FIIs) bought equities worth Rs 931 crore on May 14, while Domestic institutional investors (DIIs) purchased equities of Rs 316 crore on the same day.

Hope you're all set for today's trade. We wish you a profitable day ahead.

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