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

The GIFT Nifty is trading lower at around 24,555, indicating a negative opening for the day.

Indian benchmark indices Sensex and Nifty are likely to see a negative start today,  tracking cues from GIFT Nifty was trading around 24,555 a short while ago this morning.

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

Indian benchmark indices ended lower on second consecutive session on August 6 amid volatility after Reserve Bank of India (RBI) delivered on expected line, keeping key interest rates unchanged with 'neutral' stance.

At close, the Sensex was down 166.26 points or 0.21 percent at 80,543.99, and the Nifty was down 75.35 points or 0.31 percent at 24,574.20. The BSE midcap and smallcap indices were down 1 percent each.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 24,555, indicating a negative opening for the day.

Asian Equities (Up)

Asian shares climbed along with US equity-index futures as investors looked past President Donald Trump’s threat of a 100% tariff on chip exports to the US. Technology stocks jumped.

US Equities (Up)

US stocks ended higher on Wednesday, led by a more than 1% gain in the Nasdaq, as Apple shares climbed after news of its plans to announce a domestic manufacturing pledge, and as some companies delivered upbeat earnings reports.

The Dow Jones Industrial Average rose 81.38 points, or 0.18%, to 44,193.12, the S&P 500 gained 45.87 points, or 0.73%, to 6,345.06 and the Nasdaq Composite gained 252.87 points, or 1.21%, to 21,169.42.

US Bond Yield (Flat)

The yield on 10-year Treasuries were up marginally at 4.23 percent and 2-year Treasuries were little change at 3.7 percent.

Dollar Index (Flat)

The dollar remained lower against major peers on Thursday, as expectations of Federal Reserve rate cuts grew and concerns swirled about partisanship creeping into key U.S. institutions.

Asian currencies (Higher)

Asian currencies were trading mostly higher in the early Thursday trade, however, on month-to-date basis, except Malaysian Ringgit, all other currencies fell upto 3 percent.

Crude (Gains)

Oil prices rose on Thursday, pausing a five-day losing streak, on signs of steady demand in the U.S., the world's biggest oil user, though the prospect of U.S.-Russian talks on the Ukraine war eased concerns of supply disruptions from further sanctions.

Gold (Up)

Gold and Silver prices were trading higher at USD 3377 per ounce and around USD 38 per ounce respectively.

Fund Flow Action

The Foreign institutional investors (FIIs) continued their selling in the month of August as they sold equities nearly Rs 5,000 crore on August 6, while Domestic institutional investors (DIIs) bought equities worth Rs 6,794 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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