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

Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to open higher on February 11, tracking cues from GIFT Nifty trading around 23,488, a short while ago this morning.

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

Indian markets experienced a sharp decline on February 10, shedding over 0.7 percent, in line with losses across most Asian markets. Investor sentiment remained cautious following US President Donald Trump's commitment to imposing tariffs on imports, raising concerns over potential disruptions in global supply chains.

At closing, the benchmark Sensex dropped 0.7 percent, or 548 points, settling at 77,311.80, while the Nifty50 index declined by 0.76 percent, or 178.35 points, to 23,381.60.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Gains)

The GIFT Nifty is a trading higher, indicating a positive start for the day. Nifty futures were trading at 23,488 at around 07:10 am IST.

Asian Equities (Up)

Asian markets were trading mostly higher Tuesday, tracking gains on Wall Street that appeared to look past U.S. President Donald Trump’s tariff campaign.

US Equities (Up)

Wall Street's main indexes closed higher on Monday, lifted by Nvidia and other AI-related stocks, while steelmakers surged after U.S. President Donald Trump said he would impose additional tariffs on steel and aluminum imports.

The S&P 500 rose 0.67% to end at 6,066.44 points.

The Nasdaq gained 0.98% to 19,714.27 points, while the Dow Jones Industrial Average added 0.38% at 44,470.41 points.

US Bond Yield (Flat)

The US 10-year and 2-year yield remained unchange on Tuesday.

Dollar Index (Flat)

The dollar firmed on Tuesday after U.S. President Donald Trump moved to substantially raise tariffs on steel and aluminium imports and said he would announce plans to impose reciprocal tariffs on other countries over the coming days.

Asian currencies (Down)

Among Asian currencies were trading lower in the early Tuesday Indonesian Rupiah was the top loser followed by Thai Baht,South Korean Won, Singapore Dollar and Philippines Peso.

Crude (Flat)

Oil prices were steady on Tuesday as traders digested another round of trade tariffs, this time a 25% levy on all U.S. imports of steel and aluminium, which could weigh on global economic and energy demand in the world's biggest oil consumer.

Gold (Up)

Gold hit a record high after President Donald Trump imposed 25% tariffs on all US steel and aluminum imports, adding to uncertainty across global markets that’s boosting demand for havens.

Fund Flow Action

The Foreign institutional investors (FIIs) sold equities worth Rs 2,463 crore on February 10, while domestic institutional investors (DIIs) bought equities worth Rs 1,515 crore, on same day.

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

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