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

Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to see a positive start on March 21 tracking cues from GIFT Nifty trading around 23,506, a short while ago this morning.

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

Indian equity indices ignored the weak global markets and extended the gains on the fifth consecutive session on March 21 with Nifty crossing 23,400, intraday, led by buying across the sectors.

At close, the Sensex was up 557.45 points or 0.73 percent at 76,905.51, and the Nifty was up 159.75 points or 0.69 percent at 23,350.40.

The GIFT Nifty is trading with gains at around 23,506, indicating a firm start for the day.

Asian equities were trading mixed in the early trade on signs that the next round of President Donald Trump’s trade tariffs could be more measured than had previously been suggested.

US Equities (Down)

Wall Street edged higher and the dollar gained ground on Friday after US President Donald Trump hinted he would be flexible regarding a new round of tariffs expected to be imposed early next month.

The Dow Jones Industrial Average rose 31.88 points, or 0.08%, to 41,985.20, the S&P 500 rose 4.55 points, or 0.08%, to 5,667.44 and the Nasdaq Composite rose 92.43 points, or 0.52%, to 17,784.05.

The yield on 10-year Treasuries rose 0.54 basis points ta 4.26 percent and 2-year Treasuries were up 59 basis points at 3.97 percent..

The dollar drifted just below a three-week high versus major peers on Monday as traders cautiously awaited clarity on U.S. President Donald Trump's next round of tariffs.

Asian currencies were trading mixed lower in the early trade on Monday with Japanese Yen falling the most followed by Indonesian Rupiah, South Korean Won, China Renminbi and Malaysian Ringgit.

Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.

Gold was steady — after two days of declines — as economic and geopolitical risks supported haven demand, despite signs that the next wave of US tariffs may be more targeted than expected.

The Foreign institutional investors (FIIs) extended their buying on the second day on March 21 as they bought equities worth Rs 7,470 crore, while Domestic institutional investors (DIIs) also extended their selling on the second day as they sold equities of Rs 3,202.26 crore, on the same day.

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