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 19 tracking cues from GIFT Nifty trading around 22,961.50, a short while ago this morning.

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

Indian equity indices extended the gains on the second consecutive session on March 18 with Nifty surpassing 22,850 intraday led by buying across the sectors and broader indices.

At close, the Sensex was up 1,131.31 points or 1.53 percent at 75,301.26, and the Nifty was up 325.55 points or 1.45 percent at 22,834.30.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 22,961.50, indicating a positive start for the day.

Asian Equities (Mixed)

Asian markets traded mixed on Wednesday, following declines on Wall Street after a sell-off in technology stocks picked up pace.

US Equities (Down)

US stocks fell on Tuesday to snap a two-session streak of gains, as investors exercised caution ahead of a monetary policy decision from the Federal Reserve, while gauging the potential impact of President Donald Trump's tariff policies.

The Dow Jones Industrial Average fell 260.32 points, or 0.62%, to 41,581.31, the S&P 500 lost 60.46 points, or 1.07%, to 5,614.66 and the Nasdaq Composite lost 304.55 points, or 1.71%, to 17,504.12.

US Bond Yield (Up)

The yield on 10-year Treasuries were up 31 bps at 4.29 percent and 2-year Treasuries were remain unchanged in the early trade on Wednesday.

Dollar Index (Flat)

The US dollar was little changed against the major currencies in the early trade on Wednesday.

Asian currencies (Mixed)

Asian currencies were trading mostly lower On Wednesday with Japanese Yen leading the losers followed by Indonesian Rupiah, Taiwan Dollar, South Korean Won.

Crude (Down)

Oil prices slid on Wednesday after Russia agreed to U.S. President Donald Trump's proposal that Moscow and Kyiv stop attacking each other's energy infrastructure temporarily, which could lead to more Russian oil entering global markets.

Gold (Flat)

Gold held near a record ahead of an interest-rate decision from the Federal Reserve, with the
precious metal supported by risk-off sentiment following a selloff on Wall Street.

Fund Flow Action

After remaining net sellers for last 17 sessions, the Foreign institutional investors (FIIs) bought equities worth Rs 1,462.96 crore on March 18. Domestic institutional investors (DIIs) also bought equities of Rs 2,028.15 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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