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

The Nasdaq recovered on Tuesday to close higher while the S&P 500 and the Dow closed lower, impacted by declines in healthcare and energy stocks

Indian benchmark indices, Sensex and Nifty, are likely to see a flat to positive start today, December 17, with cues coming from GIFT Nifty, which was trading lower at around 25,937.

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

In yet another volatile session, the Indian equity markets ended lower for the second consecutive day on December 16 amid continued depreciation in rupee, and uncertainty over India-US trade deal.

At close, the Sensex was down 533.50 points or 0.63 percent at 84,679.86, and the Nifty was down 167.20 points or 0.64 percent at 25,860.10. BSE Midcap and Smallcap indices were down nearly 1 percent each.

GIFT Nifty (Up)

The GIFT Nifty is trading marginally higher at around 25,937, indicating a flat to positive start for the day.

Asian Equities (Down)

Asian shares tracked Wall Street at the open to post a modest decline after sluggish US jobs data did little to boost bets on further interest-rate cuts from the Federal Reserve.

US Equities (Mixed)

The Nasdaq recovered on Tuesday to close higher while the S&P 500 and the Dow closed lower, impacted by declines in healthcare and energy stocks. Investors evaluated delayed economic data to gauge the Federal Reserve's monetary policy outlook for next year.

The Dow Jones Industrial Average fell 302.30 points, or 0.62%, to 48,114.26, the S&P 500 lost 16.25 points, or 0.24%, to 6,800.26 and the Nasdaq Composite gained 54.05 points, or 0.23%, to 23,111.46.

US Bond Yield (Flat)

The yield on 10-year Treasuries was little changed at 4.15%, while 0-year Treasury yield was up marginally at 3.49%.

Dollar Index (Flat)

The U.S. dollar was little changed against the other major currencies in the early Wednesday trade.

Asian Currencies (Mixed)

Among Asian currencies except Indonesian Rupiah, Thai Baht, South Korean Won, all other currencies were trading higher in the early Wednesday trade.

Crude (Up)

West Texas Intermediate crude oil rose 1% after President Donald Trump said he was ordering a “total and complete blockade of all sanctioned oil tankers” going into and leaving Venezuela.

Gold (Up)

Gold was steady, after sluggish US jobs data on Tuesday didn’t move the needle on expectations for more interest-rate cuts.

Fund Flow Action

The Foreign Institutional Investors (FIIs) extended their selling on December 16 as they sold equities of Rs 2381 crore, while Domestic Institutional Investors (DIIs) purchased equities of Rs 1077 crore on the same day.

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

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.