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

Market Today

• Sensex and Nifty likely to open weak as GIFT Nifty trades lower at 25,592
• Asian and US equities slipped; gold and silver hit record highs
• Foreign investors sold Rs 4,346 crore in equities on January 16

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Indian benchmark indices, Sensex and Nifty, are likely to see a weak start on January 19, with cues coming from GIFT Nifty, which was trading lower at around 25,592.

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

Indian benchmark indices ended higher in the volatile session on January 16.

The Sensex was up 187.64 points or 0.23 percent at 83,570.35, and the Nifty was up 28.75 points or 0.11 percent at 25,694.35. About 1757 shares advanced, 2305 shares declined, and 133 shares were unchanged.

GIFT Nifty (Declines)

The GIFT Nifty is trading weakly at around 25,592, indicating a gap-down start for the day.

Asian Equities (Down)

Asia-Pacific markets mostly slipped on Monday, as investors assessed threats from the Trump administration toward Greenland over the weekend and looked toward key economic data from China.

US Equities (Down)

US stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, and all three major indexes ​posted losses for the week as fourth-quarter earnings season kicked off.

The Dow Jones Industrial Average fell 83.11 points, ⁠or 0.17%, to 49,359.33, the S&P 500 lost 4.46 points, or 0.06%, to 6,940.01, and the Nasdaq Composite lost 14.63 points, or 0.06%, to ‍23,515.39.

For the week, the S&P 500 declined 0.38%, the Nasdaq fell 0.66%, and the Dow dropped 0.29%.

Dollar Index (Falls)

The US dollar declined versus all Group-of-10 peers as investors sought the haven yen and Swiss franc after President Donald Trump threatened fresh tariffs on selected European nations.

Asian Currencies (Up)

Asian currencies were trading mostly higher in the early trade on Monday, with the Thai Baht leading the gainers, followed by the Japanese Yen, Singapore Dollar, South Korean Won, and Malaysian Ringgit.

Crude (Down)

Oil prices were little changed on Monday, after rising in the previous session, as Iran's deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that could disrupt supplies.

Gold, Silver (Gain)

Gold and silver jumped to record highs as President Donald Trump’s intensifying push to take Greenland spurred fears of a damaging trade war between the US and Europe.

Fund Flow Action

Foreign institutional investors sold equities worth approximately Rs 4,346 crore on January 16, while domestic institutional investors purchased shares worth around Rs 3,935 crore.

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