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

Market Today

Indian benchmark indices Sensex and Nifty are likely to open on a positive note today, tracking cues from GIFT Nifty was trading around 25,166.5 a short while ago this morning.

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

Indian equity indices ended on a flat note after failing to hold on early gains, with Nifty 50 finishing below 25,100 on across-the-board selling.

At close, the Sensex was down 13.53 points or 0.02 percent at 82,186.81, and the Nifty was down 29.80 points or 0.12 percent at 25,060.90. BSE Midcap index shed 0.6 percent, while smallcap index down ended marginally lower.

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,166.5, indicating a positive start for the day.

Asian Equities (Up)

Asian shares rose at the open after President Donald Trump said the US reached a trade deal with

Japan, an agreement with a key trading partner that will ease concerns about the tariff war.

US Equities (Mixed)

The S&P 500 eked out a record-high close on Tuesday, following steep losses in General Motors and a gain in Tesla as investors focused on recent and upcoming quarterly reports and watched for signs of progress in U.S. trade discussions.

The S&P 500 climbed 0.06% to end the session at 6,309.62 points.

The Nasdaq declined 0.39% to 20,892.69 points, while the Dow Jones Industrial Average rose 0.40% to 44,502.44 points.

US Bond Yield (Up)

The yield on 10-year Treasuries advanced one basis point to 4.35%, while yield on 2-year Treasuries rose nearly 1  basis point at 3.83 percent.

Dollar Index (Up)

The dollar was little change against the other major currencies in the early trade on Wednesday.

Asian currencies (Up)

Asian currencies were trading higher in the early trade on Wednesday with Philippines Peso leading the gainers followed by Taiwan Dollar, Malaysian Ringgit. However, on year-to-date basis, Indonesian Rupiah shed 1 percent, while all other currencies gained between 1-11 percent.

Crude (Gains)

Oil prices steadied in early trading on Wednesday after falling for three consecutive sessions as a U.S. trade deal with Japan signaled progress on tariffs and a poll showed U.S. crude stockpiles fell last week, indicating stronger demand.

Gold (Down)

Gold eased on Wednesday as risk appetite improved after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline, though a soft dollar and lower Treasury yields capped losses for greenback-priced bullion.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their selling on second day as they sold equities worth Rs 3,548 crore, while Domestic institutional investors (DIIs) extended their buying on 12th day as they bought equities worth Rs 5,239 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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