First Tick: Top 10 global cues for today’s trade
The GIFT Nifty is indicating a weak start for the day.
Indian benchmark indices Sensex and Nifty 50 will likely see a negative opening on November 18, tracking cues from GIFT Nifty trading around 23,489.5, a short while ago this morning.
The Indian benchmark indices extended their ongoing correction phase for a sixth straight session on November 14, with the Nifty ending below 23,550 amid selling seen in the FMCG, PSU Bank, oil & gas names.
At close, the Sensex was down 110.64 points or 0.14 percent at 77,580.31, and the Nifty was down 26.35 points or 0.11 percent at 23,532.70.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Down)
The GIFT Nifty is trading flat, indicating a weak start for the day. Nifty futures were trading at 23,489.5 at 07:00 am IST.
Asian Equities (Down)
Asian stocks dipped early Monday as traders reined in expectations of Federal Reserve interest rate cuts following fresh signs of US economic resilience.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Topix | -0.38 | -1.35 | 5.36 |
| Nikkei | -0.51 | -3.17 | 6.02 |
| Hang Seng | – | – | — |
| Taiwan | -0.41 | -1.91 | 20.69 |
| Kospi | 2.40 | -3.77 | -12.26 |
US Equities (Down)
Wall Street’s main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks. This was due to concerns about slower interest-rate cuts and investors’ reactions to U.S. President-elect Donald Trump’s cabinet picks.
The Dow Jones Industrial Average fell 305.87 points, or 0.70%, to 43,444.99, the S&P 500 lost 78.55 points, or 1.32%, to 5,870.62 and the Nasdaq Composite dropped 427.53 points, or 2.24%, to 18,680.12.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Dow Jones | -0.70 | 4.43 | 16.93 |
| S&P500 | -1.32 | 3.29 | 24.85 |
| Nasdaq | -2.24 | 3.63 | 26.24 |
US Bond Yield (Down)
The US 10-year Treasury yields were down 18 basis points to 4.43% and US 2 year bond yield shed 20 bps to 4.29%.
| Current Price | MTD | YTD | |
| US 10-Year Treasury | 4.43 | 4.08 | 4.43 |
| US 2-Year Treasury | 4.29 | 3.94 | 4.88 |
Dollar Index (Flat)
The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen.
| Current Price | MTD | YTD | |
| Dollar Index | 106.66 | 103.49 | 103.91 |
Asian currencies (Mixed)
Asian currencies were trading mixed in early Monday trade, with the South Korean Won leading the gainers, followed by the Thai Baht and the Malaysian Ringgit.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Indonesian Rupiah | -0.076 | -1.79 | -2.99 |
| South Korean Won | 0.589 | -1.50 | -7.08 |
| Japanese Yen | -0.349 | -3.41 | -8.88 |
| Philippines Peso | 0.114 | -1.99 | -5.60 |
| Thai Baht | 0.259 | -4.64 | -1.35 |
| Taiwan Dollar | 0.018 | -1.27 | -5.80 |
| China Renminbi | -0.031 | -1.52 | -1.79 |
| Malaysian Ringgit | 0.179 | -3.59 | 2.85 |
| Singapore Dollar | 0.082 | -2.27 | -1.52 |
Crude (Flat)
Oil held a weekly decline on concerns over plentiful supply and weaker demand from top crude importer China. Ukraine’s allies are pushing Volodymyr Zelenskiy to consider new ways to end the war with Russia as the US mulls a final decision to lift some restrictions on Western-made weapons to strike limited military targets in Russia.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| US West Texas | -0.03 | -3.23 | -6.49 |
| Brent Crude | 0.11 | -2.75 | -7.67 |
Gold (Rises)
Gold advanced after suffering its worst weekly drop since 2021, as the US dollar was given and traders
weighed the outlook for Federal Reserve rate cuts given Donald Trump’s return to the White House next year.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Gold | 1.08 | -5.54 | 25.58 |
| Silver | 1.14 | -6.19 | 28.70 |
LME Commodities (Mixed)
The LME commodities prices were trading mixed with Aluminium up more thna 5 percent, while Copper down 0.5 percent.
| Change From Previous Close (%) | MTD (%) | YTD (%) | |
| Aluminium | 5.29 | 1.22 | 11.14 |
| Copper | 0.14 | -5.30 | 5.18 |
| Nickel | -0.51 | -1.13 | -6.40 |
| Lead | -0.15 | -3.09 | -5.39 |
| Zinc | 0.17 | -2.69 | 10.89 |
Fund Flow Action
Foreign institutional investors (FIIs) sold Rs 1,849 crore worth of equities on November 14, while domestic institutional investors bought more than Rs 2,481 crore worth of equities on the same day.
| 14th Nov | MTD | YTD | |
| FII Net Flows | -1,849.87 | -1,22,742.44 | -2,64,729.94 |
| DII Net Flows | 2,481.81 | 1,91,924.78 | 4,97,508.49 |
Hope you’re all set for today’s trade, we wish you a profitable day ahead.
Bymoneycontrol
