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

Market Today

Indian benchmark indices Sensex and Nifty are likely to see a strong opening on Friday, tracking cues from GIFT Nifty trading around 25,719.50 a short while ago this morning.

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

Bulls took charge on expiry day to extend the winning streak for a third consecutive session on June 26, as all-round buying took Nifty 50 beyond 25,500 level to close at a near nine-month high.

At close, the Sensex was up 1,000.36 points or 1.21 percent at 83,755.87, and the Nifty was up 304.25 points or 1.21 percent at 25,549. The broader indices too extended gains for a fifth day, with BSE midcap index rising 0.5 percent while smallcap index ending marginally higher.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,719.50, indicating a higher opening for the day.

Asian Equities (Gain)

Asian stocks advanced and a gauge of global equities was on track for another record high on calming geopolitical concerns and increased expectations for Federal Reserve interest-rate cuts this year.

US Equities (Up)

Wall Street closed higher on Thursday, nudging the S&P 500 and the Nasdaq nearer to record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the U.S. Federal Reserve lowering borrowing costs this year.

The Dow Jones Industrial Average rose 404.41 points, or 0.94%, to 43,386.84, the S&P 500 gained 48.86 points, or 0.80%, to 6,141.02 and the Nasdaq Composite gained 194.36 points, or 0.97%, to 20,167.91.

US Bond Yield (Up)

10-year and 2-year Treasuries yield were up 1 basis point each at 4.25 percent and 3.73 percent, respectively.

Dollar Index (Up)

The dollar drifted on Friday, hovering near its lowest level in 3-1/2 years against the euro and sterling, as traders wagered on deeper U.S. rate cuts while awaiting trade deals ahead of a July deadline for President Donald Trump's tariffs.

Asian currencies (Mixed)

Asian currencies were trading mixed on Friday, with Thai Baht leading the losers, followed by the Japanese Yen, Philippines Peso, Singapore Dollar, while Indonesian Rupiah, Taiwan Dollar, China Renminbi, Malaysian Ringgit were trading higher.

Crude (Up)

Oil was set to fall this week with the Iran-Israel ceasefire holding and easing concerns over Middle East supply risks, although prices rose on Friday as the summer driving season ramped up fuel demand in the United States.

Gold (Down)

Gold headed for its second consecutive weekly loss, after a ceasefire between Israel and Iran dented demand for havens.

Fund Flow Action

The Foreign institutional investors (FIIs) snapped three day selling and bought equities worth Rs 12,594 crore on June 26, while Domestic institutional investors (DIIs) broke three day buying, as they sold equities worth Rs 195 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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