First Tick: Top 10 global cues for today’s trade

Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to open on positive note on October 14, tracking cues from GIFT Nifty trading around 25,085.5, a short while ago this morning.

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

In yet another rangebound session, the Indian equity indices ended lower with Nifty at around 24,950 on October 11.

At close, the Sensex was down 230.05 points or 0.28 percent at 81,381.36, and the Nifty was down 34.20 points or 0.14 percent at 24,964.30.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 25,085.5 at 07:00 am IST.

Asian Equities (Mixed)

Among Asian markets Japanese markets shut on account of a holiday, while Taiwan markets slipped 0.5 percent, while Kospi market added 0.5 percent.

The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a U.S. Federal Reserve rate cut in November.

The Dow Jones Industrial Average rose 409.74 points, or 0.97%, to 42,863.86, the S&P 500 gained 34.98 points, or 0.61%, to 5,815.03 and the Nasdaq Composite gained 60.89 points, or 0.33%, to 18,342.94.

The US 10-year Treasury yield and US 2-year bond yield were trading ahead of holiday at US markets.

The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention.

Asian currencies were trading mostly lower in the early trade on Monday with Thai Baht depreciated the most followed by Taiwan Dollar and South Korean Won.

Oil prices fell by more than USD 1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic stimulus plans stoked fears about demand.

Gold prices shed nearly 0.5 percent at around USD 2646, while Silver prices shed more than 1 percent at USD 31.11 in the early trade on Monday.

All the commodities were trade higher in the early trade on Monday with Zinc gained more than 2 percent, while Nickel and Aluminium added nearly 2 percent each.

The foreign institutional investors (FIIs) sold equities worth Rs 4,162 crore on October 11, on the other hand, domestic institutional investors bought equities worth Rs 3730 crore on the same day.

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