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

Indian benchmark indices, Sensex and Nifty, are likely to see a flat to negative start on December 30, with cues coming from GIFT Nifty, which was trading marginally lower at around 25,936.50.

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

The Indian benchmark indices started the week on a negative note, extending the fall on third consecutive session on December 29 amid broad-based selling due to persistent foreign fund outflows, and geopolitical developments.

At close, the Sensex was down 345.91 points or 0.41 percent at 84,695.54, and the Nifty was down 100.2 points or 0.38 percent at 25,942.10.

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 25,936.50, indicating a flat to negative opening for the day.

Asian Equities (Slip)

A rally in Asian stocks paused after a seven-day run, tracking technology-led declines on Wall Street.

US Equities (Down)

Wall Street's main indexes ended lower on Monday, kicking off the final week of the year on a softer note, as heavyweight technology stocks retreated from last week's gains that had pushed the S&P 500 to record highs.

The information technology sector weighed on the S&P 500, as most tech and AI-linked stocks declined. Nvidia slipped 1.2% and Palantir Technologies dropped 2.4%.

The S&P 500 lost 24.20 points, or 0.35%, to 6,905.74 and the Nasdaq Composite lost 118.75 points, or 0.50%, to 23,474.35. The Dow Jones Industrial Average fell 249.04 points, or 0.51%, to 48,461.93.

US Bond Yield (Flat)

The yield on 10-year Treasuries was little changed at 4.1%, while 2-year Treasuries was was trading at around 3.45 percent.

Dollar Index (Flat)

The U.S. dollar was steady on Tuesday ahead of the Federal Reserve's release of its December minutes report, which is expected to reveal divisions inside the central bank about next year's policy pathway.

Asian Currencies (Mixed)

Asian currencies were trading mostly lower in the the early trade on Tuesday with Indonesian Rupiah leading the losers, followed by Japanese Yen, Taiwan Dollar.

Crude (Down)

Oil prices retreated a touch early on Tuesday after rising more than 2% in the previous session, partly driven by spillover from a pullback in precious metals even as escalating Russia–Ukraine tensions left markets grappling with supply disruption fears.

Gold (Up)

Gold and silver fluctuated after a slump from fresh all-time highs.

Fund Flow Action

Foreign Institutional Investors (FIIs) continued their selling on fifth straight session on December 29 as they offloaded equities worth Rs 2759 crore, while Domestic Institutional Investors (DIIs) purchased equities of Rs 2643 crore, on same day.

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

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