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 flat start on July 7, tracking cues from GIFT Nifty trading around 25,537.50 a short while ago this morning.

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

Indian indices failed to build on the morning gains and ended lower in yet another volatile session on July 3, with Nifty around 25,400. At close, the Sensex was down 170.22 points or 0.20 percent at 83,239.47, and the Nifty was down 48.10 points or 0.19 percent at 25,405.30.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 25,537.50, indicating a muted start for the day.

Asian Equities (Slip)

Stock markets slipped in Asia amid much confusion as U.S. officials flagged a delay on tariffs but failed to provide any detail or paperwork on the change.

US Equities (Shut)

The US markets remained shut on Friday on account of the Independence Day holiday.

US Bond Yield (Down)

The yields on the 10-year Treasury were down 1.5 bps, and the 2-year Treasury down 2.7 bps at 4.33 percent and 3.85 percent, respectively.

Dollar Index (Slips)

The U.S. dollar hovered near its lowest since 2021 against the euro and the weakest since 2015 versus the Swiss franc on Monday, with traders, alert for any trade-related headlines in the countdown to President Donald Trump's tariff deadline.

Asian currencies (Down)

Asian currencies were trading mostly lower in the early trade on Friday, the South Korean Won leading the losers, followed by the Philippine peso, Thai Baht, the Taiwan Dollar, the Malaysian Ringgit, Singapore Dollar.

Crude (Down)

Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.

Gold (Down)

Gold declined after gaining nearly 2% last week, as investors awaited developments in US trade negotiations ahead of a July 9 tariff deadline set by President Donald Trump.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their selling on the fifth day as they sold equities worth Rs 760 crore on July 4. On the other hand, after remaining buyers for the last four days, the  Domestic institutional investors (DIIs) sold equities worth Rs 1028 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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