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

Market Today

Indian benchmark indices Sensex and Nifty are likely to see a gap-up start today, November 12, with cues coming from GIFT Nifty, which was trading higher at around 25,976.

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

The Indian equity indices ended higher in the volatile session and extended the winning run for the second straight session on November 11 with Nifty closing near 25,700 amid progress on the US shutdown bill and possible trade deal between India-US.

At close, the Sensex was up 335.97 points or 0.40 percent at 83,871.32, and the Nifty was up 120.6 points or 0.47 percent at 25,694.95.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Gains)

The GIFT Nifty is trading higher at around 25,976, indicating a strong opening for the day.

Asian Equities (Up)

Stocks tiptoed forward at the start of Asian trading on Wednesday as the U.S. Congress looked set to end the federal shutdown and traders looked for direction in the absence of clues from government data services.

US Equities (Mixed)

The Dow Jones Industrial Average surged to a record high close on Tuesday, lifted by progress toward ending the longest U.S. government shutdown, while Nvidia and other artificial intelligence-related companies fell on renewed concerns about elevated valuations.

The S&P 500 climbed 0.21% to end at 6,846.61 points.

The Nasdaq declined 0.25% to 23,468.30 points, while the Dow Jones Industrial Average rose 1.18% to 47,927.96 points.

Dollar Index (Down)

The dollar eased on Wednesday after private-sector U.S. jobs data stoked worries about the health of the labour market, with investors also bracing for an imminent U.S. government reopening that is expected to unleash a backlog of economic releases.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries fell 3 basis points each at 4.08 percent and 3.55 percent, respectively.

Asian Currencies (Mixed)

Asian currencies were trading mixed in the early trade on Wednesday with South Korean Won leading the losers followed by Thai Baht, Japanese Yen, Taiwan Dollar, Indonesian Rupiah, while China Renminbi, Philippines Peso, Malaysian Ringgit, Singapore Dollar were trading higher.

Crude (Gains)

Brent crude rose to USD 65.09 per barrel, the highest since October 31, on the impact of the latest U.S. sanctions on Russian oil and optimism over a potential end to the government shutdown, although oversupply concerns limited gains.

Gold (Up)

Gold climbed above $4,100 an ounce, while silver also trading with marginal gains in the early Wednesday trade.

Fund Flow Action

Foreign Institutional Investors (FIIs) continued their selling on second consecutive day on November 11 as they sold equities of Rs 803 crore, while Domestic Institutional Investors (DIIs) continued their buying in this month so far, as they bought equities of Rs 2188 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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