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 September 19,  tracking GIFT Nifty, which was hovering around 25,499.

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

In the highly volatile session on September 18, the Indian benchmark indices ended higher with Nifty managing to close above 25,400, extending the winning run on its third consecutive day.

After a strong start, a mid-session profit booking erased most of the gains; however, amid final hour buying, Nifty closed at 25,423.60, up 93.35 points or 0.37 percent, and Sensex was up 320.25 points or 0.39 percent at 83,013.96.

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,461, indicating a weak opening for the day.

Asian Equities (Up)

Asian stocks were on the cusp of an intraday record high after US and global equity benchmarks hit fresh peaks, as the Federal Reserve’s interest-rate cut bolstered sentiment.

US Equities (Gain)

Wall Street's main indexes posted record-high closes on Thursday, a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose after Nvidia decided to build a stake in the company.

The Dow Jones Industrial Average rose 124.10 points, or 0.27%, to 46,142.42, the S&P 500gained 31.61 points, or 0.48%, to 6,631.96 and the Nasdaq Composite gained 209.40 points, or 0.94%, to 22,470.73.

US Bond Yield (Flat)

The yield on 10-year Treasuries was little changed at 4.11%, and 2-year Treasuries were trading at 3.56%.

Dollar Index (Up)

The U.S. dollar held largely steady in early Asian trading on Friday as investors looked to fresh catalysts after the Federal Reserve's meeting, with the greenback inching higher against the yen ahead of a policy decision from the Bank of Japan.

Asian currencies (Slip)

All the Asian currencies were trading lower in the early Friday trade, with the Indonesian Rupiah

leading the losers followed by the Philippine Peso, the Chinese Renminbi, Thai Baht, Taiwan Dollar, and Malaysian Ringgit.

Crude (Flat)

Oil prices were little changed on Friday after settling lower in the previous session, the day after the U.S. Federal Reserve cut interest rates for the first time this year, due to worries about fuel demand in the United States.

Gold (Flat)

Gold and Silver prices were little changed at around USD 3647 per ounce and at USD 41.9 per ounce, n in the early Friday trade..

Fund Flow Action

The Foreign institutional investors (FIIs) purchased equities worth Rs 366 crore on September 18, while Domestic institutional investors (DIIs) bought equities worth Rs 3326 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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