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 11, tracking cues from GIFT Nifty trading around 22,963 a short while ago this morning.

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

After posting strong rebound in the previous session, the Indian markets on April 9 were under pressure as weak global markets led to selling in most of the sectoral indices.

At close, the Sensex was down 379.93 points or 0.51 percent at 73,847.15, and the Nifty was down 136.70 points or 0.61 percent at 22,399.15.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 22,963, indicating a weak start for the day.

Asian Equities (Down)

A gauge of Asian stocks is on track for its third consecutive week of decline as market euphoria turned to angst after the White House clarified US tariffs on China rose to 145%.

US Equities (Down)

Wall Street stocks tumbled on Thursday on mounting worries over the economic impact of U.S. President Donald Trump's multi-front tariff war.

The Dow Jones Industrial Average fell 1,014.79 points, or 2.50%, to 39,593.66. The S&P 500 lost 188.85 points, or 3.46%, at 5,268.05 and the Nasdaq Composite dropped 737.66 points, or 4.31%, to 16,387.31.

US Bond Yield (Down)

US Treasuries resumed a selloff from earlier in the week and equity-index futures for US dropped more than 1.5%.

Dollar Index (Slips)

The dollar extended losses after its biggest plunge in three years, with the cost of hedging against further slides climbing to the highest since the Covid pandemic shuttered cities in early 2020.

Asian currencies (Gain)

Asian currencies were trading higher in the early Friday trade with Malaysian Ringgit leading the gainers followed by Japanese Yen, China Renminbi, South Korean Won

Crude (Down)

Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world's largest economies, will crush crude consumption as their dispute curtails economic growth.

Gold (Up)

The gold prices extended the gains on Friday, while Silver prices were trading lower.

Fund Flow Action

The Foreign institutional investors (FIIs) continued their selling on eighth day on April 9, as they sold equities worth Rs 4358 crore, however, Domestic institutional investors (DIIs) extended their buying on third day as they bought equities of Rs 2976 crore.

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

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