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

The GIFT Nifty is indicating a muted start for the day.

December 03, 2024 / 07:25 IST
Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to see a muted start on December 3, tracking cues from GIFT Nifty trading around 24,428, a short while ago this morning.

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

The Indian equity indices ended higher for the second consecutive session and touched one-month high on December 2 with Nifty crossing 24,300. Intraday, markets were led by buying across sectors, led by realty, media and metals.

At close, the Sensex was up 445.29 points or 0.59 percent at 80,248.08, and the Nifty was up 144.90 points or 0.6 percent at 24,276.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,428 at 07:00 am IST.

Asian Equities (Gain)

Asian equities rose to follow the positive lead from Wall Street where a rally in the world’s largest
technology companies drove stocks to fresh all-time highs.

Change From Previous Close (%)MTD (%)YTD (%)
Topix 1.03 2.54 11.08
Nikkei1.312.3411.74
Hang Seng 0.18 1.08 17.40
Taiwan1603.55 22.82
Kospi1.611.35 -12.07
US Equities (Mixed)

The Nasdaq and S&P 500 scored record closing highs on Monday, boosted by tech-related shares following the market's strong November gains, as investors awaited this week's economic data including the key monthly jobs report on Friday.

The Dow finished lower on the day. Both the Dow and S&P 500 recorded on Friday their biggest monthly percentage gains in a year.

The Dow Jones Industrial Average fell 128.65 points, or 0.29%, to 44,782.00. The S&P 500 rose 14.77 points, or 0.24%, to 6,047.15 and the Nasdaq Composite climbed 185.78 points, or 0.97%, to 19,403.95.

Change From Previous Close (%)MTD (%)YTD (%)
Dow Jones -0.29 -0.04 20.95
S&P5000.240.4929.06
Nasdaq0.971.2231.58
US Bond Yield (Flat)

The US 10-year and 2-year Treasury yields were trading with little change.

Current PriceMTDYTD
US 10-Year Treasury 4.19 4.284.25
US 2-Year Treasury 4.17 4.154.63
Dollar Index (Flat)

The dollar index advances on Tuesday amid improved US manufacturing.

Current PriceMTDYTD
Dollar Index 106.45 103.88 103.71
Asian currencies (Down)

Asian currencies were trading mostly lower in the early Tuesday trade. On month-to-date basis, Japanese Yen gained 1.5 percent, while other currencies were trading in the red.

Change From Previous Close (%)MTD (%)YTD (%)
 Indonesian Rupiah -0.365 -0.962 -2.18
 South Korean Won0.271-1.96-7.94
 Japanese Yen-0.1001.58-5.85
 Philippines Peso0.009-0.556-5.62
 Thai Baht-0.072-2.24-0.785
 Taiwan Dollar-0.031-2.26-6.32
 China Renminbi-0.370-2.35-2.37
 Malaysian Ringgit-0.150-2.072.85
 Singapore Dollar-0.104-1.97-1.96
Crude (Gains)

Oil prices edged higher as traded watched for cues on OPEC+'s supply plan ahead of a key meeting this Thursday.

Change From Previous Close (%)MTD (%)YTD (%)
US West Texas 0.16 0.31 -4.80
Brent Crude0.19-1.33 -6.58
Gold (Flat)

Gold was steady — staying within a narrow trading range where it’s been for the past week — as investors looked ahead to US data that may offer clues on the Federal Reserve’s rate decision this month

Change From Previous Close (%)MTD (%)YTD (%)
Gold 0.01 -0.15 27.95
Silver0.33-0.0728.65
Fund Flow Action

Foreign institutional investors (FIIs) sold equities of Rs 238 crore on December 2, while domestic institutional investors purchased equities of more than Rs 3,588 crore on the same day.

2nd DecMTDYTD
FII Net Flows -238.28 -46,212.40 -2,81,409.17
DII Net Flows 3,588.66 48,072.52 5,19,058.69

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.

Rakesh Patil
first published: Dec 3, 2024 07:24 am

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