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

Market Today

Indian benchmark indices Sensex and Nifty are likely to open on a negative note on November 14, with cues coming from GIFT Nifty, which was trading at around 25,821.

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

The Indian equity market ended on a muted note in the highly volatile session on November 13 ahead release of US CPI data and Bihar election outcome tomorrow morning.

At close, the Sensex was up 12.16 points or 0.01 percent at 84,478.67, and the Nifty was up 3.35 points or 0.01 percent at 25,879.15.

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,821, indicating a weak start for the day.

Asian Equities (Fall)

Asian stocks fell at the open Friday after uncertainty over Federal Reserve interest-rate cuts and

stretched valuations in technology shares dragged Wall Street lower.

US Equities (Slip)

Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.S. economy's health.

All three major U.S. stock indexes posted their steepest daily percentage declines in over a month.

The S&P 500 declined 1.66% to end the session at 6,737.49 points. The Nasdaq fell 2.29% to 22,870.36 points, while the Dow Jones Industrial Average declined 1.65% to 47,457.22 points.

Dollar Index (Up)

The dollar struggled to claw back steep losses on Friday and was on track for a weekly fall, as investors awaited a backlog of U.S. data following the government's reopening, which they expect will likely point to a weakening economy.

US Bond Yield (Flat)

The yield on 10-year Treasuries and 2-year Treasuries were trading with marginal change 4.11 percent and at 3.59 percent, respectively.

Asian Currencies (Mixed)

Asian currencies were trading mixed in the early trade on Friday with South Korean Won leading the gainers followed by China Renminbi, Thai Baht, and Philippines Peso.

Crude (Up)

Oil prices recovered and trading higher with around a percent gain

Gold (Up)

Gold is on track for its best week in a month, with its appeal reignited by uncertainty around a backlog of official data set to follow the US government’s return from a six-week shutdown.

Fund Flow Action

The Foreign Institutional Investors (FIIs) sold equities of Rs 383 crore on November 13, while  Domestic Institutional Investors (DIIs) bought equities of over Rs 3000 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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