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

Arkade Developers shares jump 5% on securing Mumbai redevelopment project having gross development value of Rs 1,700 crore

Indian benchmark indices Sensex and Nifty 50 are likely to see a flat opening on February 13, tracking cues from GIFT Nifty trading around 23,108.5, a short while ago this morning.

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

The Indian equity indices extend the fall on sixth consecutive session on February 12 as market failed to build on the mid-session sharp recovery from day's low, and ended marginally lower as investors remained worried over global trade war and US inflation print later tonight.

At close yesterday, Sensex was down 122.52 points or 0.16 percent at 76,171.08, and Nifty was down 26.55 points or 0.12 percent at 23,045.25.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is a trading flat, indicating a muted start for the day. Nifty futures were trading at 23,108.5 at around 07:10 am IST.

Asian Equities (Gain)

Asian equities rose as US-Russia talks spurred expectations for an end to the war in Ukraine. Risk sentiment was also stoked by the improving prospects for Chinese markets.

US Equities (Down)

The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.

The S&P 500 declined 0.27% to end the session at 6,051.97 points.

The Nasdaq gained 0.03% to 19,649.95 points, while the Dow Jones Industrial Average declined 0.50% to 44,368.56 points.

US Bond Yield (Down)

The US 10-year and 2-year yield were little changed around 4.61 percent and 4.34 percent in the early trade on Thursday.

Dollar Index (Flat)

The US dollar held near a one-week high against the Japanese yen on Thursday after a hotter-than-expected consumer prices reading, while the euro was shored up by news that Washington aims to begin talks with Russia to end the war in Ukraine.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early Thursday trade with Thai Baht, South Korean Won, Singapore Dollar trading marginally higher, while Japaneas Yen, Taiwan Dolllar  and Philippines Peso trading in the red.

Crude (Down)

Oil prices fell on Thursday on expectations a potential peace deal between Ukraine and Russia would mean the end of sanctions that have disrupted supply flows and U.S. President Donald Trump's intention to introduce reciprocal tariffs stoked inflation jitters.

Gold (Flat)

Gold steadied near a record high, as traders balanced the latest hot inflation reading in the US against rising haven demand in the wake of several disruptive trade announcements from President Donald Trump.

Fund Flow Action

The Foreign institutional investors (FIIs) remained net sellers on sixth consecutive session February 12 as they sold equities worth Rs 4969 crore, while domestic institutional investors (DIIs) bought equities worth Rs 5929 crore, on same day.

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.