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

At close, the Sensex was down 176.43 points or 0.21 percent at 83,536.08, and the Nifty was down 46.40 points or 0.18 percent at 25,476.10.

Indian benchmark indices Sensex and Nifty are likely to see a positive opening on July 10, tracking cues from GIFT Nifty trading around 25,569 a short while ago this morning.

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

Benchmark indices ended on a negative note after a rangebound session on July 9, with last-hour selling taking Nifty below 25,500 as investors stayed cautious ahead of US President Trump's announcement of trade deals with seven more countries on Wednesday.

At close, the Sensex was down 176.43 points or 0.21 percent at 83,536.08, and the Nifty was down 46.40 points or 0.18 percent at 25,476.10. Broader indices outperformed the main indices with BSE midcap index was ended flat, while smallcap index added 0.5 percent.

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,569, indicating a positive start for the day.

Asian Equities (Mixed)

Asian shares opened cautiously as investors held back from taking risky bets after President Donald Trump ruled out extending his August deadline. Copper futures fell on Trump’s tariff threat.

US Equities (Gain)

Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this year.

The minutes for the mid-June meeting showed that most Fed officials said they expect rate cuts will be appropriate later this year, with price shocks from Trump's import taxes expected to be "temporary or modest." However, there was little support for a rate cut at the end of July meeting.

The Dow Jones Industrial Average rose 217.54 points, or 0.49%, to 44,458.30, the S&P 500 gained 37.74 points, or 0.61%, to 6,263.26 and the Nasdaq Composite gained 192.87 points, or 0.95%, to 20,611.34.

US Bond Yield (Down)

The yields on the 10-year Treasury and 2-year Treasury yields were trading marginally lower at 4.33 percent and 3.84 percent respectively.

Dollar Index (Down)

The U.S. dollar slipped further from a two-week high versus major peers on Thursday, as President Donald Trump's latest tariff salvos failed to shake markets, except in Brazil where a threatened 50% levy sent the real sliding as much as 2.8% overnight.

Asian currencies (Gain)

Asian currencies were trading mostly higher in the early trade on Thursday with Thai Baht leading the gainers followed by Japanese Yen, Philippines Peso, South Korean Won, Malaysian Ringgit and Singapore Dollar.

Crude (Down)

Oil prices dropped on Thursday as the latest tariff announcements by U.S. President Donald Trump were perceived by market participants to threaten global economic growth and demand for the resource.

Gold (Up)

Gold held a small gain, as investors weighed President Donald Trump’s latest trade demands along with the outlook for the Federal Reserve’s interest-rate cycle.

Fund Flow Action

The Foreign institutional investors (FIIs) bought equities worth Rs 77 crore on July 9, while Domestic institutional investors (DIIs) also bought equities worth Rs 920 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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