First Tick: Top global cues to watch in today’s trade
Indian benchmark indices Sensex and Nifty are likely to open flat with a negative bias on September 23, tracking GIFT Nifty, which was hovering around 25,274.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian benchmark indices started the week on a negative note, extending the losing streak on the second day with Nifty 50 slipping below 25,200, intraday, amid selling seen in the IT, financial, and pharma stocks.
The information technology stocks remained under pressure after US President Donald Trump levied $100,000 fee on new H-1B visas; however, they saw some recovery on clarification. Also, the GST implementation from today and extended buying in Adani Group stocks helped to recover intraday losses.
At close, the Sensex was down 466.26 points or 0.56 percent at 82,159.97, and the Nifty was down 124.70 points or 0.49 percent at 25,202.35. BSE Midcap and smallcap indices shed 0.7% each.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading marginally lower at around 25,274, indicating a muted start for the day.
Asian Equities (Rise)
Asian stocks posted a modest gain at the open after Wall Street shares rallied to a new record, lifted by renewed big-tech optimism.
US Equities (Up)
All three major U.S. stock indexes registered record closing highs for a third straight session on Monday, led by gains in technology shares, with Nvidia gaining after it said it will invest up to $100 billion in OpenAI.
The Dow Jones Industrial Average rose 66.27 points, or 0.14%, to 46,381.54, the S&P 500 gained 29.39 points, or 0.44%, to 6,693.75, and the Nasdaq Composite gained 157.50 points, or 0.70%, to 22,788.98.
US Bond Yield (Gains)
The yield on 10-year Treasuries is up 2 basis points at 4.14 percent, and 2-year Treasuries were up 3 basis points at 3.6 percent.
Dollar Index (Flat)
The U.S. dollar faced continued pressure in early trading in Asia on Tuesday as traders parsed comments by members of the Federal Reserve for clues on the path of interest rates.
Asian currencies (Up)
Asian currencies were trading mostly higher with Taiwan Dollar leading the gainers followed by the Japanese Yen, the Philippines Peso, the Thai Baht, China Renminbi.
Crude (Flat)
Oil prices were little changed on Tuesday as traders contemplated the impacts of ongoing geopolitical tensions in the Middle East and Russia, while worries over trade tariffs that could dampen fuel demand persisted.
Gold (Gain)
Gold clinched a fresh all-time high, with traders shrugging off cautious commentary from Federal Reserve officials about the outlook for monetary policy after the US central bank cut interest rates last week.
Fund Flow Action
The Foreign institutional investors (FIIs) snapped two-day buying on September 22, as they sold equities worth Rs 2,910 crore, while Domestic institutional investors (DIIs) continued their buying in this month, as they bought equities worth Rs 2,582 crore on the same day.
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