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

The yield on 10-year Treasuries and 2-year Treasuries were up marginally at 4.13%, 3.57%, respectively.

Indian benchmark indices Sensex and Nifty are likely to open on a weak note on September 22,  tracking GIFT Nifty, which was hovering around 25,329.

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

Indian equity markets snapped a three-day winning run to end lower, with Nifty 50 closing below 25,350 as selling gripped FMCG, IT and banking shares, however, buying in realty, oil & gas, power and PSU banks limited the losses.

At close, the Sensex was down 387.73 points or 0.47 percent at 82,626.23, and the Nifty was down 96.55 points or 0.38 percent at 25,327.05. BSE Midcap and smallcap indices ended flat. For the week, BSE Sensex and Nifty gained nearly a percent each.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Falls)

The GIFT Nifty is trading lower at around 25,329, indicating a weak start for the day.

Asian Equities (Gain)

Asian shares advanced, led by Japan, after the central bank eased concerns over plans to offload its
massive exchange-traded fund holdings.

US Equities (Rise)

Global stocks rose in choppy trading on Friday, on track for a weekly gain, driven by positive sentiment on Wall Street following key central bank decisions.

The Federal Reserve cut U.S. interest rates by a quarter of a percentage point on Wednesday, the first easing since December, while Norway and Canada also cut rates.

On Wall Street, all three indexes closed at record highs. The Dow Jones Industrial Average rose 0.37% to 46,315.27, the S&P 500 advanced 0.49% to 6,664.36, and the Nasdaq Composite firmed 0.72% to 22,631.48. All three also hit record highs the day before.

US Bond Yield (Up)

The yield on 10-year Treasuries and 2-year Treasuries were up marginally at 4.13%, 3.57%, respectively.

Dollar Index (Up)

The dollar was steady on Monday as traders looked ahead to a slew of speeches from Federal Reserve officials throughout the week that could provide further clues on the U.S. rate outlook, after the central bank resumed its easing cycle last week.

Asian currencies (Down)

Asian currencies were trading mostly lower in the early trade on Monday, with the Indonesian Rupiah leading the losers followed by the Japanese Yen, Taiwan Dollar, China Renminbi, Malaysian Ringgit, Singapore Dollar, Philippines Peso.

Crude (Up)

Oil prices inched up on Monday supported by geopolitical tension in Europe and the Middle East, although the prospect of more oil supply and concern about the impact of trade tariffs on global fuel demand weighed.

Gold (Up)

Gold held a fifth weekly advance, boosted by the Federal Reserve’s first rate cut of the year, with investors looking to a key inflation print due Friday for more clues about the US central bank’s monetary path.

Fund Flow Action

The Foreign institutional investors (FIIs) remained net buyers on the second consecutive day as they bought equities worth Rs 390 crore on September 19, while Domestic institutional investors (DIIs) bought equities worth Rs 2105 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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