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 marginally lower on February 20, tracking cues from GIFT Nifty trading around 22,913.50, a short while ago this morning.

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

Indian market extended the losses in the fourth session and ended marginally lower in the highly volatile session on February 19 with Nifty above 22,900. The investors remained cautious after US President Donald Trump announced plans to impose 25 percent tariffs on auto, semiconductor, and pharmaceutical imports. However, investors will keep eyes on the FOMC meeting minutes to be released tonight.

At close, the Sensex was down 28.21 points or 0.04 percent at 75,939.18, and the Nifty was down 12.40 points or 0.05 percent at 22,932.90.

GIFT Nifty (Down)

The GIFT Nifty is a trading lower, indicating a flat to negative start for the day. Nifty futures were trading at 22,913.50 at around 07:10 am IST.

Asian Equities (Down)

Shares in Asia fell Thursday following muted moves on Wall Street after Federal Reserve meeting minutes signaled that it’s in no rush to cut interest rates.

.US Equities (Gain)

US stocks ended modestly higher on Wednesday and the S&P 500 notched its second straight all-time closing high as investors scrutinized the minutes from the Federal Reserve's January policy meeting and digested U.S. President Donald Trump's tariff plans.

The Dow Jones Industrial Average rose 71.25 points, or 0.16%, to 44,627.59. The S&P 500 gained 14.57 points, or 0.24%, at 6,144.15 and the Nasdaq Composite edged up 14.99 points, or 0.07%, to 20,056.25.

US Bond Yield (Down)

The yield on 10-year Treasuries 2-year Treasuries were trading marginally lower in the early trade on Thursday.

Dollar Index (Flat)

The US dollar held steady on Thursday as investors pondered what U.S. President Donald Trump's latest tariff agenda would mean for the global economy and how it could affect the interest rate outlook for major central banks.

Asian currencies (Up)

Asian currencies were trading mostly higher against the US dollar in the early trade on Thursday. On Year-to-date basis. Japanese Yen outperformed with a gain of more than 4 percent followed by South Korean Won and Singapore Dollar.

Crude (Flat)

Oil prices were little change against the backdrop of uncertainties about crude supplies from Russia, Kazakhstan and OPEC+.

Gold (Up)

Gold held near a record as fresh geopolitical tensions underpinned demand for haven assets, with traders looking past signals the Federal Reserve is in no rush to cut interest rates.

Fund Flow Action

The Foreign institutional investors (FIIs) sold equities worth Rs 1,881 crore on February 19, while domestic institutional investors (DIIs) bought equities worth Rs 1,957 crore.

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

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