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 opening on July 21, tracking cues from GIFT Nifty trading around 25,027.50 a short while ago this morning.

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

Indian equity indices extended the losing streak on the second consecutive session on July 18 with Nifty falling below 25,000, hitting a one-month low amid selling across the sectors barring metal and media.

At close, the Sensex was down 501.51 points or 0.61 percent at 81,757.73, and the Nifty was down 143.05 points or 0.57 percent at 24,968.40. BSE Midcap and smallcap indices performed inline with main indices falling 0.6 percent each.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 25,027.50, indicating a muted start for the day.

Asian Equities (Up)

Asian shares and the yen held their ground on Monday as Japanese elections proved bad for the government but no worse than already priced in, while Wall Street futures braced for earnings from the first of the tech giants.

US Equities (Down)

The S&P 500 and Nasdaq Composite ended little changed on Friday, overcoming a brief dip triggered by a Financial Times report indicating U.S. President Donald Trump was pushing for steep new tariffs on European Union products.

The S&P 500 lost 0.57 points, or 0.01%, to 6,296.79, and the Nasdaq Composite gained 10.01 points, or 0.05%, to 20,895.66. The Dow Jones Industrial Average fell 142.30 points, or 0.32%, to 44,342.19.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were down nearly 4 basis points in the early trade on Monday.

Dollar Index (Down)

The dollar index was a fraction lower at 98.45 against the other major currencies in the early Monday trade.

Asian currencies (Gain)

Asian currencies were trading mostly higher in the early Monday trade, with Japanese Yen leading the gainers followed by Philippines Peso, Thai Baht, China Renminbi, Indonesian Rupiah, Malaysian Ringgit, Singapore Dollar.

Crude (Up)

Oil prices barely budged on Monday as traders eyed the impact of new European sanctions on Russian oil supply, rising output from Middle East producers and concerns about fuel outlook as tariffs weighed on global economic growth.

Gold (Up)

Gold was steady as markets opened on Monday, with traders weighing differing views from US Federal Reserve officials on how President Donald Trump’s tariff agenda will impact inflation.

Fund Flow Action

The Foreign institutional investors (FIIs) remained net sellers on the second consecutive session on July 18 as they sold equities worth Rs 3,694 crore, while Domestic institutional investors (DIIs) extended their buying on ninth day as they bought equities worth Rs 2,820 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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