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HomeNewsBusinessMarketsHere are the top global cues for today’s trade - First Tick

Here are the top global cues for today’s trade - First Tick

The GIFT Nifty is indicating a muted start for the day. Asia’s benchmark stock index rose as equities gained in Japan and South Korea, while several other regional markets remain shut for holidays. Sentiment was boosted after US shares extended this year’s rally on Tuesday.

December 26, 2024 / 07:29 IST
Stock Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to see a flat opening on December 26, tracking cues from GIFT Nifty trading around 23,804, a short while ago this morning.

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

In a volatile session, the benchmark indices ended with marginal losses on December 24, with the Nifty above 23,700 amid buying seen in the auto, oil & gas, and FMCG names.

At close, the Sensex was down 67.30 points or 0.09 percent at 78,472.87, and the Nifty was down 25.80 points or 0.11 percent at 23,727.65.

Here is how financial markets across the globe fared overnight:GIFT Nifty (Flat)

The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 23,804 at 07:00 am IST.

Asian Equities (Up)

Asia’s benchmark stock index rose as equities gained in Japan and South Korea, while several other regional markets remain shut for holidays. Sentiment was boosted after US shares extended this year’s rally on Tuesday.

Change From Previous Close (%)MTD (%)YTD (%)
Topix 0.44- 1.68 6.51
Nikkei0.40 -1.327.75
Hang Seng
Taiwan 0.35 4.8524.14
Kospi0.14-4.33-17
US Equities

US markets were shut on Wednesday on account of Christmas.

Change From Previous Close (%)MTD (%)YTD (%)
Dow Jones - - -
S&P500 - - -
Nasdaq - - -
US Bond Yield (Up)

The US 10-Year Treasury added 13 basis points to 4.59 percent, while the 2-Year Treasury added 14 basis points to 4.33 percent, in the early trade on Thursday.

Current PriceMTDYTD
US 10-Year Treasury 4.594.303.89
US 2-Year Treasury 4.334.254.35
Dollar Index (Down)

The dollar index was down marginally against the other major currencies in the early Thursday trade.

Current PriceMTDYTD
Dollar Index 108.41107.01101.46
Asian currencies (Mixed)

Asian currencies were trading mostly higher against the US dollar in the early Thursday trade. However, on year-to-date basis, South Korean Won (down nearly 12%) depreciated the most, following  Japanese Yen (down 10 percent) and Indonesian Rupiah  (down nearly 5%).

Change From Previous Close (%)MTD (%)YTD (%)
Indonesian Rupiah0.043-1.90-4.88
 South Korean Won-0.480-4.63-11.87
 Japanese Yen0.025-2.69-10.34
 Philippines Peso0.8071.71-4.52
 Thai Baht-0.0031.590.190
 Taiwan Dollar0.024-0.7186.54-
 China Renminbi0.008-0.65-2.66
 Malaysian Ringgit0.441-0.0902.95
 Singapore Dollar-0.029-0.934-2.87
Crude (Up)

In commodities, oil ticked up in early Asian trading, with China’s stimulus measures and the outlook for US stockpiles in focus

Change From Previous Close (%)MTD (%)YTD (%)
US West Texas 0.27 3.37 -1.88
Brent Crude0.241.44-4.26
Gold (Gains)

Gold prices were trading higher by 0.33 percent at around USD 2625 per ounce, while Silver prices were up 0.24 percent at around USD 29.71 per ounce.

Change From Previous Close (%)MTD (%)YTD (%)
Gold 0.33 -0.68 27.28
Silver0.24-2.5024.97
Fund Flow Action

Foreign institutional investors (FIIs) sold equities worth Rs 2,454.21 crore on December 24, while domestic institutional investors extended their buying as they bought equities worth Rs 2,819.25 crore on the same day.

24th DecMTDYTD
FII Net Flows -2,454.21 -6,406.72 -2,87,577.61
DII Net Flows 2,819.25 21,593.34 5,37,063.37

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.

Rakesh Patil
first published: Dec 26, 2024 07:28 am

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