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 negative start on April 9, tracking cues from GIFT Nifty trading around 22,365 a short while ago this morning.

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

Benchmark indices staged a strong rebound on April 8, snapping a three-day losing streak with Nifty 50 closing comfortably above 22,500 as across-the-board buying revived sentiment, in-line with the rally across Asian markets and Europe.

At close, the Sensex was up 1,089.18 points or 1.49 percent at 74,227.08, and the Nifty was up 374.25 points or 1.69 percent at 22,535.85. Nifty Auto, IT, Metal, Realty too snapped a three-day losing streak to rise between 1.2-2.5 percent. The BSE Midcap index rose 1.8 percent and Smallcap index added 2 percent.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 22,365, indicating a weak start for the day.

Asian Equities (Slip)

Asian markets fell on Wednesday as investors brace themselves for U.S. President Donald Trump's country-specific tariffs that are set to come into effect midnight stateside.

US Equities (Down)

The S&P 500 sold off sharply on Tuesday to close below 5,000 points for the first time in almost a year after it reversed a strong morning rally, while investor hopes faded for any imminent U.S. delays or concessions on tariffs ahead of a midnight deadline.

The S&P 500 has lost $5.83 trillion in market value, for its steepest four days of losses since the index was created in the 1950s, following President Donald Trump unveiling of hefty global tariffs against U.S. trading partners late on Wednesday.

The Dow Jones Industrial Average fell 320.01 points, or 0.84%, to close at 37,645.59, while the Nasdaq Composite lost 335.35 points, or 2.15%, to end at 15,267.91.

US Bond Yield (Mixed)

The yield on 10-year Treasuries was up 90 basis points at 4.33%, while US 10-year Treasury yields was down 155 basis points at 3.66%

Dollar Index (Down)

The dollar lost ground to the safe-haven yen and Swiss franc on Wednesday as the imminent imposition by the U.S. of 104% tariffs on China spooked world equity markets and sent the Chinese yuan to record lows.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early trade on Wednesday.