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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

Wall Street closed mixed on Thursday and the U.S. benchmark Treasury yield eased after scaling the highest level since May in light, directionless post-Christmas trading. The GIFT Nifty is trading higher, indicating a strong start for the day.

December 27, 2024 / 07:52 IST
Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to open on positive note on December 27, tracking cues from GIFT Nifty trading around 23,915.5, a short while ago this morning.

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

In yet another volatile session, the Indian equity indices closed with little change on December 26, with the Nifty at 23,750 led by auto, pharma, energy stocks. At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or 0.10 percent at 23,750.20.

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

The GIFT Nifty is trading higher, indicating a strong start for the day. Nifty futures were trading at 23,915.5 at 07:00 am IST.

Asian Equities (Up)

Japanese shares led gains in Asia on the yen’s weakness, following a lackluster day on Wall Street that saw muted moves in stocks and government bonds.

Change From Previous Close (%)MTD (%)YTD (%)
Topix 0.72 -0.38 7.95
Nikkei0.70 -0.079.15
Hang Seng -0.29 4.2821.13
Taiwan-0.04 4.5121.96
Kospi-0.83-6.48-18.81
US Equities (Flat)

Wall Street closed mixed on Thursday and the U.S. benchmark Treasury yield eased after scaling the highest level since May in light, directionless post-Christmas trading.

The Dow Jones Industrial Average edged up 0.07% to 43,325.80, the S&P 500 fell 0.04% to 6,037.59 and the Nasdaq Composite fell 0.05% to 20,020.357.

Change From Previous Close (%)MTD (%)YTD (%)
Dow Jones 0.07 -2.64 17.80
S&P500 -0.04129.71
Nasdaq -0.055.1336.67
US Bond Yield (Down)

The US 10-Year Treasury was down 9 basis points to 4.57 percent, while the 2-Year Treasury was down 5 basis points to 4.32 percent, in the early Friday trade..

Current PriceMTDYTD
US 10-Year Treasury 4.57 4.263.79
US 2-Year Treasury 4.32 4.224.24
Dollar Index (Flat)

The dollar index was steady against the other major currencies in the early Friday trade.

Current PriceMTDYTD
Dollar Index 108.11 106.08100.98
Asian currencies (Mixed)

Asian currencies were trading mixed against the US dollar in the early Friday trade with Indonesian Rupiah., Japanese Yen, Philippines Peso, Malaysian Ringgit were trading with gains, while South Korean Won, Thai Baht, Taiwan Dollar and China Renminbi were trading marginally lower.

Change From Previous Close (%)MTD (%)YTD (%)
Indonesian Rupiah0.043-1.90-4.88
South Korean Won-0.673-5.90-12.67
Japanese Yen0.158-4.23-10.61
Philippines Peso0.3571.57-4.19
Thai Baht-0.0851.040.255
Taiwan Dollar-0.058-0.632-6.63
China Renminbi-0.044-0.730-2.72
Malaysian Ringgit0.031-0.5952.77
Singapore Dollar-0.015-1.38-2.86
Crude (Down)

Oil prices were lower in early trading. Brent crude futures and U.S. West Texas Intermediate crude were both 0.2% lower.

Change From Previous Close (%)MTD (%)YTD (%)
US West Texas -0.22 2.13 -3.04
Brent Crude-0.230.16 -5.13
Gold (Flat)

Gold was steady in quiet, post-holiday trading, after mixed jobless claims data in the US did little to alter bets on the outlook for Federal Reserve interest rate cuts.

Change From Previous Close (%)MTD (%)YTD (%)
Gold 0.01 -0.36 27.67
Silver0.05-2.64 25.31
Fund Flow Action

Foreign institutional investors (FIIs) extended their selling on December 26 as they offloaded equities worth Rs 2,376.67 crore, while domestic institutional investors extended their buying as they bought equities worth Rs 3,336 crore on the same day.

26th DecMTDYTD
FII Net Flows -2,376.67 -9,120.81 -2,89,954.28
DII Net Flows 3,336.16 24,929.50 5,40,399.53

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 27, 2024 07:28 am

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