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

Indian benchmark indices Sensex and Nifty are likely to see a weak start on July 16, tracking cues from GIFT Nifty trading around 25,178.50 a short while ago this morning.

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

Indian benchmark indices snapped a four-day losing streak with Nifty finishing near 25,200 on July 15 on the back of India’s June retail inflation easing to a 77-month low of 2.1 percent.

All the sectoral indices ended in the green with pharma, auto, media, PSU Bank, consumer durables, and realty up 0.5-1 percent.

BSE Midcap and Smallcap indices rose nearly 1 percent each, extending the gains on the second consecutive day.

Hero MotoCorp, Sun Pharma, Bajaj Auto, Apollo Hospitals, and Shriram Finance were among the major gainers on the Nifty, while losers were HCL Technologies, HDFC Life, SBI Life Insurance, Eternal, and Tata Steel.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading marginally lower at around 25,178.50, indicating a weak start for the day.

Asian Equities (Mixed)

Asian stocks were mixed at the open on Wednesday after mixed US inflation data spurred traders to trim Federal Reserve interest rate-cut bets.

US Equities (Mixed)

The Nasdaq Composite posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks dropped as a key inflation report and a flurry of bank earnings failed to excite investors.

The Nasdaq Composite gained 37.47 points, or 0.18%, to finish at 20,677.80. The Dow Jones Industrial Average fell 436.36 points, or 0.98%, to 44,023.29, and the S&P 500 lost 24.80 points, or 0.40%, to 6,243.76.

US Bond Yield (Up)

The yield on 10-year Treasuries was flat at 4.47%, and the yield on 2-year Treasuries was up marginally at 3.95%.

Dollar Index (Up)

The U.S. dollar rose alongside Treasury yields on Wednesday, which in turn kept pressure on the yen after the latest U.S. inflation report showed signs that President Donald Trump's tariffs were beginning to feed into prices.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early trade on Wednesday, with the Philippines Peso, Taiwan Dollar, China Renminbi, Indonesian Rupiah, Malaysian Ringgit trading lower, while South Korean Won, Thai Baht, Japanese Yen, Singapore Dollar were trading higher.

Crude (Up)

Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook.

Gold (Gains)

Gold edged higher after a slew of tariff-related announcements from President Donald Trump signaled concerns over the impact of a potential global trade war, giving support to the haven asset

Fund Flow Action

The Foreign institutional investors (FIIs) snapped a two-day selling streak as they purchased equities worth Rs 120 crore, while Domestic institutional investors (DIIs) extended their buying on the seventh day as they bought equities worth Rs 1555 crore on the same day.

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.