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

The Indian equity markets extended their decline for a second consecutive session on January 6, with Nifty closing below 26,200 amid selling seen in the oil & gas, media, and energy names. However, buying in IT, metal, pharma, and financials limits the losses.

Indian benchmark indices, Sensex and Nifty, are likely to see a negative start on January 7, with cues coming from GIFT Nifty, which was trading higher at around 26,212.

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

The Indian equity markets extended their decline for a second consecutive session on January 6, with Nifty closing below 26,200 amid selling seen in the oil & gas, media, and energy names. However, buying in IT, metal, pharma, and financials limits the losses.

At close, the Sensex was down 376.28 points or 0.44 percent at 85,063.34, and the Nifty was down 71.60 points or 0.27 percent at 26,178.70.

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 26,212, indicating a weak opening for the day.

Asian Equities (Down)

Asian stocks, off to their best-ever start to a year, took a breather on Wednesday with Japanese equities slipping amid rising tensions with China.

US Equities (Gain)

Wall Street ended higher on Tuesday, as chip stocks surged on renewed AI optimism, Moderna rallied, and the Dow Jones Industrial Average reached a record high.

The S&P 500 climbed 0.62% to end the session at 6,944.82 points.

The Nasdaq gained 0.65% to 23,547.17 points, while the Dow Jones Industrial Average rose 0.99% to 49,462.08 points, nearing the historic 50,000 mark.

US Bond Yield (Flat)

The yield on 10-year Treasuries was little changed at 4.15%, while the 3-year yield was unchanged at 3.46%

Dollar Index (Down)

The dollar hugged tight ranges on Wednesday ahead of a slew of U.S. economic data that could set the tone for the Federal Reserve's rate outlook, something traders consider more consequential for currencies than ongoing geopolitical tensions.

Asian Currencies (Slip)

Except China Renminbi and Malaysian Ringgit, all other Asian currencies were trading lower in the early Wednesday trade.

Crude (Slips)

US crude fell more than 1% on Wednesday after U.S. President Donald Trump said Venezuela will be "turning over" 30 million to 50 million barrels of sanctioned oil to the United States.

Gold (Down)

Gold and silver prices fell ahead of economic data in the US.

Fund Flow Action

On January 6, 2026, Foreign Institutional Investors (FIIs) were net sellers of equities worth approximately Rs 107.6 crore, while Domestic Institutional Investors (DIIs) were net buyers, purchasing equities worth approximately Rs 1,749.4 crore.

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

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