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

Market Today

Indian benchmark indices, Sensex and Nifty, are likely to a muted opening on November 28, with cues coming from GIFT Nifty, which was trading higher at around 26,420.50.

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

The Indian equity indices touched fresh record highs on November 27, surpassing the previous high touched on September 27, 2024. The market traded in a positive territory on rising expectations of rate cut by Federal Reserve and Reserve Bank of India in their December policy meetings and possible Russia-Ukraine peace deal.

Indices started the session on a high and extended buying helped BSE Sensex and Nifty 50 touched their new record peak of 86,055.86 and 26,310.45, respectively. However, profit booking in the second half erased most of the gains to close with little change.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading with marginal gains at around 26,420.50, indicating a flat start for the day.

Asian Equities (Down)

Asian stocks wobbled at the open Friday as the sharp rebound in global equities over the past week showed signs of losing momentum.

US Equities (Shut)

The US markets were shut on account of Thanksgiving holiday.

US Bond Yield (Gains)

The yield on 10-year Treasuries and 2-year Treasuries were trading higher at 4 percent and 3.48 percent, respectively.

Dollar Index (Flat)

The dollar index was little changed against the other major currencies in the early trade on Friday.

Asian Currencies (Mixed)

Asian currencies were trading mostly higher in the early Friday trade, with the Indonesian Rupiah gain the most, followed by Malaysian Ringgit, Singapore Dollar, Philippines Peso, Thai Baht, Taiwan Dollar. However, South Korean Won, Japanese Yen, China Renminbi were trading in the red.

Crude (Up)

Oil headed for the longest run of monthly losses in more than two years, as traders looked ahead to an OPEC+ meeting this weekend and gauged US-led efforts to end the conflict in Ukraine.

Gold (Up)

Gold was steady — and on track for a fourth monthly gain — as signs the Federal Reserve will cut rates next month supported the precious metal.

Fund Flow Action

After remaining buyers in the previous two sessions, the Foreign Institutional Investors (FIIs) sold equities of Rs 1255 crore on November 27, while Domestic Institutional Investors (DIIs) bought equities of Rs 3940 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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