First Tick: Top global cues to watch in today’s trade

The Indian equity markets continued the upward journey for the second consecutive session on October 10, with Nifty surpassing 25,300, intraday, for the first time since September 19.

Indian benchmark indices Sensex and Nifty are likely to see a weak start on October 13, with cues from GIFT Nifty, which was trading near 25,321.50.

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

The Indian equity markets continued the upward journey for the second consecutive session on October 10, with Nifty surpassing 25,300, intraday, for the first time since September 19.

At close, the Sensex was up 328.72 points or 0.40 percent at 82,500.82, and the Nifty was up 103.55 points or 0.41 percent at 25,285.35.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,321.50, indicating a negative opening for the day.

Asian Equities (Down)

Asian stocks got off to a rocky start on Monday after fresh broadsides in the U.S.-China trade war spooked markets with already stretched valuations, though there were signs risk sentiment had steadied with Wall Street futures bouncing.

US Equities (Down)

Wall Street slumped on Friday after U.S. President Donald Trump escalated his trade conflict with China after Beijing tightened its rare earth restrictions.

The Dow Jones Industrial Average fell 878.82 points, or 1.90%, to 45,479.60, the S&P 500 lost 182.60 points, or 2.71%, to 6,552.51 and the Nasdaq Composite lost 820.20 points, or 3.56%, to 22,204.43.

Dollar Index (Flat)

The U.S. dollar recovered from a selloff in early trade on Monday as investors hoped Washington may temper its latest escalation of the trade war with Beijing, while political developments in France and Japan undermined the euro and the yen.

The dollar index, which measures the greenback's strength against a basket of six currencies, edged higher, retracing some losses sustained after U.S. President Trump announced 100% tariffs on China.

Asian Currencies (Lower)

Asian currencies were trading mostly lower in the early Monday trade, with Japanese Yen leading the losers, followed by Taiwan Dollar, South Korean WonChina Renminbi, and Indonesian Rupiah.

Crude (Gains)

Oil prices clawed back some gains on Monday after hitting five-month lows in the previous session as investors hoped potential talks between the presidents of the U.S. and China could ease trade tensions between the world's two largest economies and oil consumers.

Gold (Up)

The precious metal is up 0.5% and again getting close to its record from last week

Fund Flow Action

The Foreign Institutional Investors (FIIs) remained net buyers on the fourth day as they bought equities of Rs 459 crore on October 10, while Domestic Institutional Investors (DIIs) purchased equities of Rs 1707 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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