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

The GIFT Nifty is trading higher at around 25,992, indicating a flat to positive opening for the day.

Indian benchmark indices, Sensex and Nifty are likely to see a firm opening today, with cues coming from GIFT Nifty, which was trading higher at around 25,992.

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

A volatile trading session on November 24 saw the benchmark indices end lower amid selling across sectors barring the IT pack ahead of monthly expiry, with the Nifty 50 index closing below the 26,000 mark.

The market failed to build on to early gains, and following a last-hour selling, Sensex ended down 331.21 points or 0.39 percent at 84,900.71, while the Nifty 50 closed down 108.65 points or 0.42 percent at 25,959.50. Broader market indices underperformed the key indices, with BSE midcap down 0.3 percent while smallcap index shed 0.8 percent.

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,992, indicating a flat to positive opening for the day.

Asian Equities (Rise)

Asian stocks tracked Wall Street’s gains as confidence grew over a potential Federal Reserve interest-rate cut in December and technology shares rebounded.

US Equities (Up)

Wall Street stocks closed higher on Monday, extending Friday's rally as increased odds that the U.S. Federal Reserve will lower its Fed funds target rate in December helped investors look past concerns about inflated tech valuations.

The Dow Jones Industrial Average rose 202.86 points, or 0.44%, to 46,448.27, the S&P 500 gained 102.13 points, or 1.55%, to 6,705.12 and the Nasdaq Compositegained 598.92 points, or 2.69%, to 22,872.01.

US Bond Yield (Down)

The yield on 10-year Treasuries up marginally at 4.03 percent, while and 2-year Treasuries yeild was down more at 3.48 percent.

Dollar Index (Flat)

The U.S. dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month after dovish comments from policymakers while the frail yen remained on intervention watch.

Asian Currencies (Gain)

Asian currencies were trading higher in the early Tuesday trade with South Korean Won leading the gainers, followed by Malaysian Ringgit, Japanese Yen, Indonesian Rupiah, Thai Baht, Singapore Dollar.

Crude (Down)

Oil steadied as investors tracked a risk-on mood in wider financial markets, which countered the impact of progress in peace talks over Ukraine that could pave the way for increased crude supplies.

Gold (Down)

Gold steadied, after surging in the previous session due to increased confidence that the US will cut

interest rates next month.

Fund Flow Action

The Foreign Institutional Investors (FIIs) extended their selling on second day on November 24 as they sold equities of Rs 4171 crore, while Domestic Institutional Investors (DIIs) bought equities of Rs 4512 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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