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

The GIFT Nifty is indicating a flat to positive start for the day.

December 06, 2024 / 07:41 IST
Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to see a flat to positive start on December 6, tracking cues from GIFT Nifty trading around 24,794, a short while ago this morning.

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

In yet another highly volatile session on December 5, the Indian equity market managed to close higher with Nifty closing above 24,700, continuing the winning run for fifth consecutive session amid buying across the sectors barring realty names.

At close, the Sensex was up 809.53 points or 1 percent at 81,765.86, and the Nifty was up 240.95 points or 0.98 percent at 24,708.40.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading marginally higher, indicating a flat to positive start for the day. Nifty futures were trading at 24,794 at 07:00 am IST.

Asian Equities (Down)

Asian equities tracked a drop in US shares ahead of jobs data that may help shape the direction of the Federal Reserve’s policy path later this month

Change From Previous Close (%)MTD (%)YTD (%)
Topix -0.48 1.85 10.33
Nikkei -0.652.4911.88
Hang Seng 0.341.33 17.68
Taiwan 0.065.1724.78
Kospi -0.42-2.05-15.03
US Equities (Down)

The US stocks pulled back slightly but held near record highs ahead of a key U.S. jobs report.

U.S. stocks dipped, a day after all three major U.S. stock indexes scored record closing highs, helped by the comments from Federal Reserve Chair Jerome Powell.

The Dow Jones Industrial Average fell 0.55%, to 44,765, the S&P 500 dropped 0.19%, to 6,075 and the Nasdaq Composite lost 0.18%, to 19,700.

Change From Previous Close (%)MTD (%)YTD (%)
Dow Jones -0.55 -0.04 20.95
S&P500 -0.19 0.9929.70
Nasdaq -0.172.8033.64
US Bond Yield (Flat)

The Treasury yields were little change in the early Friday trade..

Current PriceMTDYTD
US 10-Year Treasury 4.174.434.10
US 2-Year Treasury 4.144.264.59
Dollar Index (Up)

The US dollar index was trading with marginal gains against the major currencies in the early Friday trade.

Current PriceMTDYTD
Dollar Index 105.79105.08104.15
Asian currencies (Mixed)

Asian currencies were trading mixed higher in the early trade on Friday with Indonesian Rupiah and Philippines Peso leading the gainers.

Change From Previous Close (%)MTD (%)YTD (%)
Indonesian Rupiah0.473-0.712-2.91
South Korean Won-0.032-1.13-8.88
Japanese Yen-0.0073.01-6.05
Philippines Peso0.2081.57-4.13
Thai Baht-0.1550.5030.202
Taiwan Dollar0.025-0.614-5.60
China Renminbi0.081-2.11-2.17
Malaysian Ringgit0.014-0.5353.73
Singapore Dollar-0.075-0.522-1.44
Crude (Down)

Oil prices slipped in early Asian trading on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.

Change From Previous Close (%)MTD (%)YTD (%)
US West Texas 0.41 0.54 -4.58
Brent Crude0.46-1.12 -6.39
Gold (Down)

Gold held a decline, ahead of a key US jobs report that may influence the Federal Reserve’s interest-rate policy.

Change From Previous Close (%)MTD (%)YTD (%)
Gold -0.66 -1.08 26.75
Silver-1.141.0130.05
Fund Flow Action

Foreign institutional investors (FIIs)  bought equities of Rs 8,539.91 crore on December 5, on the other hand, domestic institutional investors sold equities of Rs 2,303 crore on the same day.

5th DecMTDYTD
FII Net Flows 8,539.91 -32,210.22 -2,67,406.99
DII Net Flows -2,303.64 44,617.27 5,15,603.44

Hope you're all set for today's trade, we wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Rakesh Patil
first published: Dec 6, 2024 07:26 am

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