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 March 6 tracking cues from GIFT Nifty trading around 22,448.50, a short while ago this morning.

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

Indian benchmark indices bounced back sharply on March 5 with Nifty finishing above 22,300, breaking 10-day losing streak amid positive Asian, European markets and buying across the sectors.

At close, the Sensex was up 740.30 points or 1.01 percent at 73,730.23, and the Nifty was up 254.65 points or 1.15 percent at 22,337.30.

GIFT Nifty (Up)

The GIFT Nifty is trading marginally higher at around 22,448.50, indicating a flat to positive start for the day.

Asian Equities (Up)

Asian indices were trading higher in the early trade, following strong close from Wall Street.

US Equities (Gain)

Wall Street's main indexes finished higher in choppy trading on Wednesday, as investors cheered the likely easing of trade tensions between the U.S. and major trading partners.

The Dow Jones Industrial Average rose 485.60 points, or 1.14%, to 43,006.59, the S&P 500 gained 64.48 points, or 1.12%, to 5,842.63 and the Nasdaq Composite gained 267.57 points, or 1.46%, to 18,552.73.

US Bond Yield (Down)

The yield on 10-year Treasuries added 81 basis point to 4.31%, while yield on 2-year Treasuries added 83 basis point to 4.03%

Dollar Index (Flat)

The US dollar was unchanged against the major currencies in the early Asian trade.

Asian currencies (Up)

Asian currencies were trading higher against the major currencies in the early Thursday trade with Indonesian Rupiah adding the most followed by China Renminbi, South Korean Won.

Crude (Up)

Oil prices steadied on Thursday after falling over the past four sessions as U.S. tariffs on Canadian crude supply may be eased but investors remain wary of remaining tariffs on Mexico and major producers' plans to increase output.

Gold (Flat)

Gold held near a record for a second day, as investors studied the latest developments around tariffs and their impact on the US economy and Federal Reserve decisions.

The precious metal was trading near USD 2,918 an ounce, less than USD 40 short of the all-time high reached last week. Silver has also seen strong haven demand, and this week has gained

nearly 5%.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their selling on tenth day on March 5 as they sold equities worth Rs 2895 crore. However, domestic institutional investors (DIIs) also extended their buying on 20th day as they bought equities worth Rs 3370 crore, on the same day.

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

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