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

Nifty Uptrend

Indian benchmark indices Sensex and Nifty 50 are likely to open gap-up on March 18 tracking cues from GIFT Nifty trading around 22,727.50 , a short while ago this morning.

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

Benchmark indices started the week on strong note, with the Nifty 50 rising 0.5 percent to close above 22,500 on a day of supportive global cues with weak market breadth.

At close, the Sensex was up 341.04 points or 0.46 percent at 74,169.95, and the Nifty was up 111.55 points or 0.50 percent at 22,508.75. BSE Midcap index ended up 0.7 percent and smallcap index ended on a flat note.

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 22,727.50, indicating a strong start for the day.

Asian Equities (Gain)

Asian stocks climbed, buoyed by US data that eased recession concerns and renewed bets on Chinese tech companies.

US Equities (Gain)

Wall Street stocks ended higher and gold held near USD 3,000 per ounce on Monday after mixed economic data and ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war.

The Dow Jones Industrial Average rose 353.44 points, or 0.85%, to 41,841.63, the S&P 500 rose 36.18 points, or 0.64%, to 5,675.12 and the Nasdaq Composite rose 54.58 points, or 0.31%, to 17,808.66.

US Bond Yield (Flat)

The yield on 10-year Treasuries and 2-year Treasuries were remain unchanged in the early Tuesday trade.

Dollar Index (Flat)

The U.S. dollar wallowed near a five-month trough against the euro and other major peers on Tuesday as investors grappled with the potential economic impact of growing global trade tensions.

Asian currencies (Mixed)

Asian currencies were trading mostly higher in the early Tuesday trade with China Renminbi, Philippines Peso, South Korean Won, leading the gainers. However, Indonesian Rupiah, Japanese Yen and Malaysian Ringgit were trading lower.

Crude (Down)

Oil prices were little changed in early trading on Tuesday as global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks offset increased instability in the Middle East that could impact supply.

Gold (Flat)

Gold held near USD 3,000 an ounce as investors weighed US data that fueled concerns about an economic slowdown, adding to the precious metal’s haven appeal.

Fund Flow Action

The Foreign institutional investors (FIIs) continued remain net sellers in the month of March till now, as they sold equities worth Rs 4,488.45 crore on March 17. However,  domestic institutional investors (DIIs) compensated with buying of equities of Rs 6,000.60 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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