First Tick: Top 10 global cues for today’s trade
The GIFT Nifty is indicating a positive start for the day.
Indian benchmark indices Sensex and Nifty 50 are likely to start higher on August 30, tracking cues from GIFT Nifty trading near 25,288.5, a short while ago this morning.
Indian benchmark indices extended the previous session’s gains to end at fresh record high on August 29, led by heavyweights including Reliance Industries after the company announced to consider bonus share issue on September 5.
At close, the Sensex was up 349.05 points or 0.43 percent at 82,134.61, and the Nifty was up 99.60 points or 0.40 percent at 25,152.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Gains)
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 25,288.5 at 07:10 am IST.
Asian Equities (Gain)
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Topix | 0.60 | 0.58 | 12.40 |
| Nikkei | 0.39 | 2.20 | 13.01 |
| Hang Seng | – | – | – |
| Taiwan | 0.36 | 3.58 | 20.13 |
| Kospi | 0.74 | -0.25 | -1.39 |
US Equities (Mixed)
The Dow notched a record high close on Thursday in mixed trading following robust U.S. economic data, while artificial intelligence chipmaker Nvidia dropped after its largely in-line forecast failed to impress investors.
The U.S. economy grew faster than initial estimates due to strong consumer spending, the Commerce Department reported, supporting expectations the U.S. is likely to avoid a recession.
The Dow Jones Industrial Average rose 0.59% to 41,335.05 points, an all-time closing high. The S&P 500 index ended barely changed at 5,591.96 points, just below its July record high close as expectations for a September interest rate cut remained robust.
The Nasdaq declined 0.23% to 17,516.43 points.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Dow Jones | 0.59 | 1.37 | 10.54 |
| S&P500 | 0.00 | 1.43 | 18.17 |
| Nasdaq | -0.23 | -0.31 | 17.60 |
US Bond Yield (Flat)
The US 10-year Treasury yields and US 2-year bond yield were trading flat in the early trade on Friday.
| CURRENT PRICE | MTD | YTD | |
| US 10-Year Treasury | 3.86 | 4.13 | 4.11 |
| US 2-Year Treasury | 3.89 | 4.35 | 4.88 |
Dollar Index (Flat)
The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts.
| CURRENT PRICE | MTD | YTD | |
| Dollar Index | 101.34 | 104.55 | 103.15 |
Asian currencies (Mixed)
Asian currencies were trading mixed against the US dollar in the early trade on Friday, with the South Korean Won, Thai Baht, Indonesian Rupiah, Malaysian Ringgit down marginally, while the Philippines Peso, and China Renminbi, led the giners.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.013 | 5.56 | -0.162 |
| South Korean Won | -0.094 | 3.76 | -3.21 |
| Japanese Yen | 0.104 | 5.45 | -2.63 |
| Philippines Peso | 0.189 | 4.38 | 1.42- |
| Thai Baht | -0.035 | 5.68 | 0.863 |
| Taiwan Dollar | 0.135 | 3.05 | -4.08 |
| China Renminbi | 0.434 | 2.30 | 0.042 |
| Malaysian Ringgit | -0.074 | 7.10 | 6.45 |
| Singapore Dollar | 0.038 | 3.04 | 1.37 |
Gold (Down)
Gold prices were down marginally at USD 2517.68, while Silver prices were up marginally at USD 29.49 in the early trade on Friday.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Gold | -0.17 | 2.84 | 22.02 |
| Silver | 0.12 | 1.56 | 23.80 |
Crude (Down)
Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weakened demand.
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.12 | -2.71 | 5.82 |
| Brent Crude | -0.03 | -0.99 | 3.74 |
LME Commodities (Down)
LME commodities declined in the early trade on Friday with Lead down more than 2 percent, and Aluminium fell 1.5 percent
| CHANGE FROM PREVIOUS CLOSE (%) | MTD (%) | YTD (%) | |
| Aluminium | -1.54 | 7.29 | 3.08 |
| Copper | -0.18 | 0.21 | 8 |
| Nickel | -0.09 | 2.40 | 2.41 |
| Lead | -2.37 | -2.30 | -1.60 |
| Zinc | -0.10 | 7.57 | 8.28 |
Fund Flow Action
The foreign institutional investors (FIIs) bought equities worth Rs 3259 crore on August 29, while domestic institutional investors extended their buying as they bought equities worth Rs 2690 crore on the same day.
| 29th August | MTD | YTD | |
| FII Net Flows | 3,259.56 | -26,686.65 | -1,47,854.34 |
| DII Net Flows | 2,690.85 | 51,476.72 | 3,08,801.78 |
Hope you’re all set for today’s trade, we wish you a profitable day ahead.
Bymoneycontrol
