First Tick: Top global cues to watch in today’s trade

Market Today

Indian benchmark indices Sensex and Nifty are likely to see a positive start on September 15,  tracking GIFT Nifty, which was hovering around 25,162.50.

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

Dalal Street extended the winning streak for an 8th consecutive session on September 12, with Nifty 50 comfortably closing above 25,100 for the first time since July 23, powered led by auto, pharma and metals names.

This also turned out to be the biggest weekly gain in nearly three months, as BSE Sesnex and Nifty gained 1.5 percent each.

At close, the Sensex was up 355.97 points or 0.44 percent at 81,904.70, and the Nifty 50 was up 108.50 points or 0.43 percent at 25,114.00. Broader indices underperformed the main indices with BSE Midcap and Smallcap indices closing with marginal gains.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,162.50, indicating a negative opening start for the day.

Asian Equities (Flat)

Stocks got off to a quiet start in Asia on Monday ahead of an action-packed week that is seemingly certain to see the U.S. Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series of cuts.

US Equities (Mixed)

The Nasdaq notched a record high close on Friday in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve's policy meeting next week, when it is widely expected to cut interest rates to counter a slowdown in the jobs market.

The S&P 500 declined 0.05% to end the session at 6,584.29 points.

The Nasdaq gained 0.45% to 22,141.10 points, while the Dow Jones Industrial Average declined 0.59% to 45,834.22 points.

Dollar Index (Flat)

The dollar held steady on Monday ahead of a pivotal week filled with central bank decisions led by the Federal Reserve, while the euro hardly reacted to Fitch's downgrade of France's credit rating.

Asian currencies (Mixed)

Some of the Asian currencies were not trading today, while other currencies were trading mixed with Philippines Peso, Thai Baht, Taiwan Dollar were trading lower and South Korean Won, Japanese Yen, Singapore Dollar were trading with marginal gains.

Crude (Gains)

Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports, while also eyeing U.S. fuel-demand growth.

Gold (down)

Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year.

Fund Flow Action

The Foreign institutional investors (FIIs) broke two-day selling streak and bought equities worth Rs 129 crore on September 12, while Domestic institutional investors (DIIs) continued their buying in this month, as they bought equities worth Rs 1556 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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