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

Market Today

• Sensex and Nifty likely to open flat with a positive bias on December 29
• Asian equities and currencies traded higher; US markets ended nearly unchanged
• FIIs sold equities worth Rs 317 crore; DIIs bought Rs 1772 crore on December 26

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Indian benchmark indices, Sensex and Nifty, are likely to open on a flat with positive bias on December 29, with cues coming from GIFT Nifty, which was trading flat at around 26,099.

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

Indian equity indices ended lower for the second consecutive session on December 26 with Nifty below 26100.

The Sensex was down 367.25 points or 0.43 percent at 85,041.45, and the Nifty was down 99.80 points or 0.38 percent at 26,042.30.

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 26,099, indicating a flat to positive start for the day.

Asian Equities (Up)

Asian stocks were at six-week highs on Monday, while the dollar hovered near its lowest in almost three months on expectations of the Federal Reserve cutting interest rates next year, which have also sparked a fierce rally in precious metals.

US Equities (Flat)

Wall Street ended a light-volume post-Christmas session nearly unchanged on Friday, with few catalysts to fuel much conviction one way or the other.

All three major U.S. stock indexes closed nominally lower, snapping a five-session rally, but logged weekly gains.

The Dow Jones Industrial Average fell 20.19 points, or 0.04%, to 48,710.97, the S&P 500 lost 2.11 points, or 0.03%, to 6,929.94 and the Nasdaq Composite lost 20.21 points, or 0.09%, to 23,593.10.

US Bond Yield (Flat)

The yield on 10-year Treasuries was little changed at 4.12%, while 2-year Treasuries was unchanged at 3.48 percent.

Dollar Index (Down)

The dollar index, which measures the greenback against a basket of currencies, fell 0.1% to 97.98.

Asian Currencies (Up)

Asian currencies were trading mostly higher in the the early Monday trade with South Korean Won leading the gainers, followed by Japanese Yen, Philippines Peso, Singapore Dollar

Crude (Up)

Oil prices were trading higher in the early trade on Monday.

Gold (Down)

Silver rallied 6%, pushing beyond $80 an ounce for the first time, before reversing the gains and

falling more than 2%. Gold and platinum also jumped to records on Friday before

bullion headed lower on Monday.

Fund Flow Action

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 317 crore on December 26, while Domestic Institutional Investors (DIIs) bought equities of Rs 1772 crore, on same day.

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

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