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

The GIFT Nifty is trading lower at around 25,863.50, indicating a flat to negative opening for the day.

Indian benchmark indices, Sensex and Nifty, are likely to see a flat to negative start on December 18, with cues coming from GIFT Nifty, which was trading lower at around 25,863.50.

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

Market failed to build on the opening gains and ended on a negative note for the third straight session on December 17 amid mixed global markets post sluggish US jobs data, persistent FII outflow and falling rupee amid delay in ‍potential India-US trade deal.

At close, the Sensex was down 120.21 points or 0.14 percent at 84,559.65, and the Nifty was down 41.55 points or 0.16 percent at 25,818.55. BSE Midcap index fell 0.6%, while smallcap index shed nearly 1%.

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,863.50, indicating a flat to negative opening for the day.

Asian Equities (Down)

Asian stocks opened lower following US losses as global markets fell into a familiar, risk-off pattern with tech concerns weighing on stocks, and supporting shorter- maturity Treasuries and precious metals.

US Equities (Slip)

Wall Street's main indexes closed lower on Wednesday, with the S&P 500 and the tech-heavy Nasdaq sinking to three-week lows as nagging worries about the artificial intelligence trade weighed on technology stocks.

The Dow Jones Industrial Average fell 228.29 points, or 0.47%, to 47,885.97. The S&P 500 lost 78.83 points, or 1.16%, to 6,721.43. The Nasdaq Composite lost 418.14 points, or 1.81%, to 22,693.32.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were down 1 basis point to 4.14% and 3.47%, respectively.

Dollar Index (Flat)

The dollar held gains against its major counterparts on Thursday as markets positioned for central bank decisions in Britain, Europe and Japan.

Asian Currencies (Down)

Asian currencies were trading mostly lower with South Korean Won leading the losers followed by Thai Baht, Taiwan Dollar, China Renminbi, Malaysian Ringgit, Singapore Dollar

Crude (Jumps)

Oil bounced off a recent low against the backdrop of escalating geopolitical risk involving Russia and Venezuela

Gold (Rises)

Gold rose, approaching record levels, as investors looked ahead to US inflation data and monitored

escalating tensions in Venezuela. Silver climbed to a fresh peak, and platinum jumped to the highest since 2008.

Fund Flow Action

After remaining net sellers for the last 14 sessions, the Foreign Institutional Investors (FIIs) turned net buyers on December 17 as they bought equities of Rs 1171 crore, while Domestic Institutional Investors (DIIs) bought equities of Rs 768 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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