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

The GIFT Nifty is trading higher at around 25,940.50, indicating a positive start for the day.

Indian benchmark indices, Sensex and Nifty, are likely to open on a positive note on December 19, with cues coming from GIFT Nifty, which was trading lower at around 25,940.50.

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 (Up)

The GIFT Nifty is trading higher at around 25,940.50, indicating a positive start for the day.

Asian Equities (Gain)

Asian equities rose after cooling US inflation data backed the case for Federal Reserve interest-rate

cuts and as calming tech jitters supported American stocks.

US Equities (Gain)

Wall Street's main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron's blowout forecast signaled strong AI demand.

The Dow Jones Industrial Average rose 65.88 points, or 0.14%, to 47,951.85, the S&P 500 gained 53.33 points, or 0.79%, to 6,774.76 and the Nasdaq Composite gained 313.04 points, or 1.38%, to 23,006.36.

US Bond Yield (Up)

The yield on 10-year Treasuries and 2-year Treasuries were up marginally at 4.12% and 3.46%, respectively.

Dollar Index (Flat)

A dollar gauge erased nearly all losses and steadied after falling to a session low in the aftermath of

lower-than-expected US inflation data Thursday morning.

Asian Currencies (Down)

Asian currencies were trading mostly lower in the early Friday trade with South Korean Won leading the losers followed by Indonesian Rupiah, Taiwan Dollar, Japanese Yen.

Crude (Down)

Oil prices were underpinned by the possibility of further U.S. sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers.

Gold (Down)

Gold traded near a record and platinum extended a breakneck rally that saw it surge close to $2,000 an ounce after softer-than-expected US inflation data.

Fund Flow Action

The Foreign Institutional Investors (FIIs) extended their buying on second day on December 18 as they bought equities of nearly Rs 600 crore, while Domestic Institutional Investors (DIIs) bought equities of Rs 2700 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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