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

Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to see a positive start on June 9, tracking cues from GIFT Nifty trading around 25,166 a short while ago this morning.

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

Benchmark indices extended gains for a third session on June 6 on a larger-than-expected rate cut by the Reserve Bank of India (RBI) along with a cash reserve ratio (CRR) cut, seen as efforts to drive demand, with the Nifty 50 posting its best day in three weeks.

At close, the Sensex was up 746.95 points or 0.92 percent at 82,188.99, and the Nifty was up 252.15 points or 1.02 percent at 25,003.05. The broader indices ended higher with the Nifty Midcap index jumping 1.2 percent and the Smallcap index adding 0.8 percent.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,166, indicating a firm opening for the day.

Asian Equities (Up)

Asian stocks opened higher Monday with the US and China set to resume trade negotiations, while positive jobs data in the world’s largest economy eased recession fears.

Equities in Japan and South Korea opened higher while contracts for the S&P 500 index were flat after the gauge closed at its highest since February.

US Equities (Gain)

US stocks closed higher on Friday after a better-than-expected jobs report calmed worries about the economy, while Tesla bounced, clawing back some losses from a sharp plunge the previous session. The S&P 500 closed above 6,000 for the first time since Feb. 21, fueled by gains in technology shares.

The Dow Jones Industrial Average rose 442.88 points, or 1.05%, to 42,762.62, the S&P 500 gained 61.02 points, or 1.03%, to 6,000.32, and the Nasdaq Composite gained 231.50 points, or 1.20%, to 19,529.95.

The S&P gained 1.5% for the week, the Dow 1.17%, and the Nasdaq 2.18%.

US Bond Yield (Flat)

Yields on 10-year Treasuries were steady at 4.49%, after surging Friday, while 2-year Treasury yields shed 2 basis points to 4% in the early trade on Monday.

Dollar Index (Flat)

The dollar held steady against all major currencies on Monday, as exuberance over an upbeat U.S. employment report gave way to caution ahead of pivotal U.S.-China trade talks set to take place in London later in the day.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early Monday trade, withthe  South Korean Won, Japanese Yen, and Singapore Dollar trading higher, while losers were the Taiwan Dollar, Philippines Peso, China Renminbi, and Malaysian Ringgit

Crude (Down)

Oil prices held on to last week's gains early on Monday as investors waited for US-China trade talks to be held in London later in the day.

Gold (Flat)

Gold was steady after losing almost 2% over the previous two sessions, as another round of US-China trade talks offered hope that trade tensions between the two largest economies can be eased.

Fund Flow Action

The Foreign institutional investors (FIIs) purchased equities worth Rs 1,009.71 crore on June 6, while Domestic institutional investors (DIIs) extended their buying on the 14th day as they bought equities of Rs 9,342.48 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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