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 flat start with a positive bias on June 11, tracking cues from GIFT Nifty trading around 25,173 a short while ago this morning.

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

Benchmark indices failed to hold on to early gains and ended flat in a volatile session on June 10, with the Nifty 50 managing to eke out gains for a fifth day to hold on to the 25,100 mark.

At close, the Sensex was down 53.49 points or 0.06 percent at 82,391.72, and the Nifty 50 was up just 1.05 points at 25,104.25. The broader markets mirrored main indices, with BSE Midcap ending flat while the BSE smallcap index was up 0.3 percent.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading with marginal gains at around 25,173, indicating a flat to positive opening for the day.

Asian Equities (Up)

Asian stocks posted modest gains after Chinese and US officials struck an optimistic tone from two days of talks in London aimed at cooling trade tensions.

US Equities (Gain)

The S&P 500 ended higher on Tuesday, lifted by a rally in Tesla as investors bet on positive results from U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year.

The S&P 500 climbed 0.55% to end the session at 6,038.81 points.

The Nasdaq gained 0.63% to 19,714.99 points, while the Dow Jones Industrial Average rose 0.25% to 42,866.87 points.

US Bond Yield (Down)

Yields on 10-year Treasuries and 2-year Treasuries were down 1 percent each in the early Wednesday trade.

Dollar Index (Flat)

The dollar traded slightly higher as trade talks between the US and China in London are ongoing. Traders are awaiting US inflation data this week to gauge the Federal Reserve’s interest-rate path.

Asian currencies (Up)

Except Japanese Yen and the Chinese Renminbi, all other Asian currencies were trading higher in the early trade on Wednesday.

Crude (Down)

Oil prices fell in early trade on Wednesday as markets were assessing the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market.

Gold (Up)

Gold edged higher even after the US and China said they had agreed on a plan to ease trade tensions
during talks in London.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their buying on the third day as they bought equities worth Rs 2,301 crore on June 10. Domestic institutional investors (DIIs) also remained net buyers on the sixteenth day as they bought equities of Rs 1,113 crore on the same day.

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

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.