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

Global ETFs trading at a premium

Indian benchmark indices Sensex and Nifty are likely to see a flat to negative opening today, November 18, with cues coming from GIFT Nifty, which was trading at around 26,003.

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

The Indian equity indices started the week on a strong note, finishing higher for the sixth consecutive session on November 17 with Nifty closing above 26,000 mark.

At close, the Sensex was up 388.17 points or 0.46 percent at 84,950.95, and the Nifty was up 103.40 points or 0.40 percent at 26,013.45.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 26,003, indicating a flat to negative start for the day.

Asian Equities (Fall)

Asian stocks slid in early trade on Tuesday, as financial markets waited on a rush of key U.S economic data delayed by the government shutdown while investors rolled back bets of a Federal Reserve rate cut next month.

Traders are looking to the U.S. data to provide clues on the health of the world's largest economy, with the closely watched September nonfarm payrolls report due on Thursday.

US Equities (Down)

US stocks ended sharply lower on Monday, with the S&P 500 and the Nasdaq closing below a key technical indicator for the first time since late April as investors braced for quarterly results from retailers and chip giant Nvidia and awaited a long-delayed U.S. jobs report this week.

The Dow Jones Industrial Average fell 557.24 points, or 1.18%, to 46,590.24, the S&P 500 lost 61.70 points, or 0.92%, to 6,672.41 and the Nasdaq Composite lost 192.51 points, or 0.84%, to 22,708.08.

Dollar Index (Up)

The dollar index, a measure of the U.S. currency against major rivals, was last up 0.2% at 99.56, snapping a four-day losing streak to reclaim a one-week high.

US Bond Yield (Flat)

The yield on 10-year Treasuries and 2-year Treasuries were trading marginally lower in the early trade on Tuesday at 4.13 percent and at 3.61 percent, respectively.

Asian Currencies (Slip)

Asian currencies fell in the early trade on Tuesday, with the South Korean Won and Malaysian Ringgit down the most. However, on year-to-date basis, Malaysian Ringgit gained the most, followed by Taiwan Dollar and Thai Baht.

Crude (Down)

Oil prices dipped on Tuesday as supply concerns eased with the resumption of loadings at a Russian export hub, briefly halted by a Ukrainian drone and missile strike, while traders continued to assess the impact of Western sanctions on Russian flows.

Gold (Down)

Gold fell for a fourth straight session on Tuesday, weighed down by a firm dollar and diminished prospects of a U.S. interest rate cut next month.

Fund Flow Action

After remaining net sellers for the last five sessions, the Foreign Institutional Investors (FIIs) turned net buyers on November 17 as they bought equities of Rs 442 crore, while  Domestic Institutional Investors (DIIs) bought equities of Rs 1465 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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