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

Market Today

Indian benchmark indices Sensex and Nifty are likely to see a flat opening today, with cues coming from GIFT Nifty, which was trading at around 25,958.

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

The Indian benchmark indices ended higher for the third consecutive session on November 12 with Nifty crossing 25,900, intraday, amid buying across the sectors, barring realty.

At close, the Sensex was up 595.19 points or 0.71 percent at 84,466.51, and the Nifty was up 180.85 points or 0.70 percent at 25,875.80.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 25,958, indicating a muted start for the day.

Asian Equities (Gains)

Asian markets opened on a subdued note after a lackluster Wall Street session, as investors stayed cautious with limited economic data clouding the outlook for Federal Reserve policy.

US Equities (Mixed)

Wall Street's main indexes were mixed on Wednesday, with the Dow notching a record-high close and the Nasdaq losing ground as investors rotated out of pricey technology stocks while focusing on a likely end to a historic U.S. government shutdown.

The S&P 500 climbed 0.06% to end the session at 6,850.92 points.

The Nasdaq declined 0.26% to 23,406.46 points, while the Dow Jones Industrial Average rose 0.68% to 48,254.82 points.

Dollar Index (Flat)

The dollar index was little changed against the other major currencies in the early trade on Thursday.

US Bond Yield (Up)

The yield on 10-year Treasuries were up 2 basis points at 4.08 percent, while 2-year Treasuries remained unchanged at 3.57 percent.

Asian Currencies (Mixed)

Asian currencies were trading mostly lower in the early Thursday trade with South Korean Won leading the losers followed by Indonesian Rupiah, Japanese Yen, Thai Baht, Taiwan Dollar, and Singapore Dollar.

Crude (Slips)

Oil extended its drop after slumping the most since June as a key market gauge flashed weakness and OPEC said crude supplies surpassed demand sooner than anticipated.

Gold (Flat)

Gold was steady after rising almost 2% in the previous session, as traders weighed an uncertain US
economic outlook that’s been compounded by an absence of reliable data.

Fund Flow Action

The selling from Foreign Institutional Investors (FIIs) continued on third consecutive day on November 12 as they sold equities of Rs 1750 crore. On the other hand, Domestic Institutional Investors (DIIs) continued their buying in this month, as they purchased equities of over Rs 5100 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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