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

The Indian benchmark indices snapped their six-day winning run and ended lower in a volatile session on November 18 amid broad-based selling.

Indian benchmark indices Sensex and Nifty are likely to open on a flat to positive note today, with cues coming from GIFT Nifty, which was trading at around 25,945.

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

The Indian benchmark indices snapped their six-day winning run and ended lower in a volatile session on November 18 amid broad-based selling.

At close, the Sensex was down 277.93 points or 0.33 percent at 84,673.02, and the Nifty was down 103.40 points or 0.40 percent at 25,910.05.

GIFT Nifty (Flat)

The GIFT Nifty is trading marginally higher at around 25,945, indicating a flat to positive start for the day.

Asian Equities (Mixed)

Asian equities swung between gains and losses as investors weighed the fallout from the selloff in

global stocks, with traders watching whether regional markets can stabilize after Wall Street’s sharp losses.

US Equities (Slip)

US stocks ended lower on Tuesday, with the S&P 500 putting in a fourth straight session of losses as valuation worries hit big technology-related shares and a disappointing forecast pressured Home Depot.

The Dow Jones Industrial Average fell 498.50 points, or 1.07%, to 46,091.74, the S&P 500 lost 55.09 points, or 0.83%, to 6,617.32, and the Nasdaq Composite lost 275.23 points, or 1.21%, to 22,432.85.

Dollar Index (Up)

The dollar index, which measures the greenback's strength against a basket of six currencies, was flat at 99.58, close to a one-week high, as U.S. Treasury bonds drew bids.

US Bond Yield (Flat)

The yield on 10-year Treasuries and 2-year Treasuries were up marginally in the early trade on Wednesday at 4.11 percent and at 3.57 percent, respectively.

Asian Currencies (Mixed)

Asian currencies were trading mixed in the early Wednesday trade, with the Malaysian Ringgit and the Philippines Peso trading with a gain, while the South Korean Won, the Chinese Renminbi, Indonesian Rupiah were trading lower.

Crude (Up)

Oil prices fell on Wednesday as an industry report showing crude and fuel inventories rose last week in the U.S., the world's biggest crude consumer, reinforced mounting concerns that supply is exceeding demand in the market.

Gold (Down)

Gold steadied as investors weighed a decline in global equities, unease over lofty tech valuations and fading expectations of an interest-rate cut in the US.

Fund Flow Action

Domestic Institutional Investors (DIIs) continued their buying in this month as they bought equities of Rs 6156 crore on November 18, while the Foreign Institutional Investors (FIIs) sold equities of Rs 728 crore.

Hope you're all set for today's trade. We wish you a profitable day ahead.

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