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 to negative start on July 14, tracking cues from GIFT Nifty trading around 25,178 a short while ago this morning.

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

Benchmark equity indices continued the losing streak for a third consecutive session on July 11 over concerns of the impact of Trump tariffs and selling in IT shares after the TCS Q1FY26 earnings, taking the Nifty 50 index below the 25,200 level.

At close, the Sensex was down 689.81 points or 0.83 percent at 82,500.47, and the Nifty was down 205.40 points or 0.81 percent at 25,149.85. The BSE Midcap index extended the fall for a third day, falling 0.5 percent, while the BSE Smallcap index shed 0.7 percent, snapping a two-day gain. For the week, the Sensex and Nifty indices fell more than a percent each, down for a second consecutive week.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading marginally lower at around 25,178, indicating a flat to negative start for the day.

Asian Equities (Down)

Asian equities were trading mostly lower in the early trade on Monday, with Japan's Nikkei down 0.5 percent.

US Equities (Down)

Wall Street ended lower on Friday, with Meta Platforms weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around U.S. trade policy.

The S&P 500 declined 0.33% to end the session at 6,259.75 points.

The Nasdaq declined 0.22% to 20,585.53 points, while the Dow Jones Industrial Average fell 0.63% to 44,371.51 points.

US Bond Yield (Flat)

The yields on the 10-year Treasury and 2-year Treasury yields were trading with little change at 4.41 percent and 3.88 percent, respectively, in early trade on Monday.

Dollar Index (Down)

The dollar index was trading marginally lower against the other major currencies in the early Monday trade.

Asian currencies (Up)

Asian currencies were trading mostly higher in the early trade with Japanese Yen leading the gainers followed by Thai Baht, Indonesian Rupiah, South Korean Won, China Renminbi.

Crude (Up)

Oil prices nudged higher on Monday, adding to gains of more than 2% from Friday, as investors eyed further U.S. sanctions on Russia that may affect global supplies, but a ramp-up in Saudi output and ongoing tariff uncertainty limited gains.

Gold (Up)

Gold gained, bolstered by haven demand as traders weighed fresh tariff threats from President Donald Trump after he declared a 30% rate for the European Union and Mexico effective next month.

Fund Flow Action

The Foreign institutional investors (FIIs) sold equities worth Rs 5104 crore on July 11, while Domestic institutional investors (DIIs) bought equities worth Rs 3558 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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