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

Asian markets were mixed on a weak tone, as investors grappled with South Korea’s political upheaval and awaited fresh stimulus from Beijing

Indian benchmark indices Sensex and Nifty 50 are likely to see a negative start on December 9, 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.

The Indian benchmark indices ended with marginal losses in the volatile session on December 6 with Nifty closing below 24,700 after RBI delivered on expected line by keeping the repo rate unchanged and cutting the CRR to improve liquidity.

At close, the Sensex was down 56.74 points or 0.07 percent at 81,709.12, and the Nifty was down 30.60 points or 0.12 percent at 24,677.80.

For the week, BSE Sensex and Nifty added more than 2 percent each.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower, indicating a negative start for the day. Nifty futures were trading at 24,726 at 07:00 am IST.

Asian Equities (Mixed)

Asian markets were mixed on a weak tone, as investors grappled with South Korea’s political upheaval and awaited fresh stimulus from Beijing. Oil was steady after the Syrian government was toppled.

Global stocks advanced as investors raised their bets on the prospect of a U.S. interest rate cut this month after payrolls data showed strong job growth in November, while the euro dipped against the dollar as political turmoil gripped France.

The S&P 500 and the Nasdaq rose on Friday, up 0.25% and 0.8% respectively, further bolstered by upbeat forecasts from Lululemon Athletica , Ulta Beauty and other companies.

The Dow was down slightly, with a 5% drop in UnitedHealth Group shares weighing on the index.

The US 10-Year Treasury was down 23 basis points at 4,14 percent, while US 2-Year Treasury was down 5 basis points at 4.10 percent.

In currency markets, the dollar index was flat at around 106 after edging up 0.2% last week.

Asian currencies were trading mixed in the early Monday trade with South Korean Won lead the gainers follwoed by Philippines Peso, Malaysian Ringgit and China Renminbi.

Oil prices were flat in early Asia trade on Monday as concerns over weak Chinese demand were offset by rising tensions in the Middle East following the rebel overthrow of Syrian President Bashar al-Assad.

Gold rose after China’s central bank added bullion to its reserves in November — ending a six-month pause to a purchasing spree that had provided a key pillar of support for the precious metal.

Foreign institutional investors (FIIs)  offloaded equities worth Rs 1,830 crore on December 6, on the other hand, domestic institutional investors purchased equities worth Rs 1,659 crore on the same day.

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