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

The GIFT Nifty is trading higher at around 25,924, indicating a positive start for the day.

• Sensex and Nifty likely to open higher, tracking gains in GIFT Nifty.
• Asian and US equities rose, while US bond yields and dollar index remained flat.
• FIIs continued selling, DIIs were net buyers in the previous session.

Did our AI summary help?

Indian benchmark indices, Sensex and Nifty, are likely to open on a positive note on January 13, with cues coming from GIFT Nifty, which was trading higher at around 25,924.

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

Indian equity benchmarks ended in the green in a volatile session on January 12, snapping a five-day losing streak, with the Nifty closing near 25,800 after an intraday recovery to settle near the day’s high.

At close, the Sensex was up 301.93 points or 0.36 percent at 83,878.17, and the Nifty was up 106.95 points or 0.42 percent at 25,790.25.

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,924, indicating a positive start for the day.

Asian Equities (Rise)

Asian shares climbed to near a record, buoyed by optimism over earnings and regional economic growth as investors broadened their focus beyond US markets.

US Equities (Gain)

The ​S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart ‌gaining, as investors mostly brushed aside concerns about the U.S. Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell.

The Dow Jones Industrial Average rose 86.13 points, or 0.17%, to 49,590.20, the S&P 500 gained 10.99 points, or 0.16%, to 6,977.27, and the Nasdaq Composite gained 62.56 points, or 0.26%, to 23,733.90.

US Bond Yield (Flat)

The yield on 10-year Treasuries and 2-year Treasuries was little changed at 4.17% and 3.53%, respectively.

Dollar Index (Flat)

The dollar held to its losses on Tuesday after the Trump administration opened a criminal investigation into Federal Reserve Chair Jerome Powell, a move that threatens the central bank's independence and faith in U.S. assets.

Asian Currencies (Mixed)

Asian currencies were trading mostly lower in the early Tuesday trade, with the South Korean Won leading the losers, followed by the Thai Baht, Indonesian Rupiah, Japanese Yen, and the Philippine Peso. However, China Renminbi, the Taiwan Dollar, Malaysian Ringgit were trading with marginal gains.

Crude (Gains)

Oil prices edged higher on Tuesday, as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela.

Silver (slips)

Spot gold steadied and silver slipped after a rally that sent the precious metals to record highs on

Monday.

Fund Flow Action

Selling by Foreign Institutional Investors (FIIs) continued for the sixth consecutive session on January 12, as they sold equities worth around Rs 3,638 crore. In contrast, Domestic Institutional Investors (DIIs) remained net buyers, purchasing equities worth over Rs 5,800 crore.

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

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.