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

A weak start is expected on December 16 for the Indian benchmark indices Nifty 50 and Sensex, as a short while ago this morning; GIFT Nifty was trading around 24,777.

The session on December 13 was highly volatile; the equity indices recovered from the day’s low and concluded strong led by bank, auto, telecom, and FMCG names.

As the retail inflation reduces and industrial growth, pegged at 3.5 percent in October, reaches a three-month high, BSE Sensex and Nifty 50 climbed back over 2 percent and are trading at more than 2 percent above the day's low.

Sensex closed 1.04% or 843.16 points up, at 82,133.12, and the Nifty gained 219.60 points or 0.89%, closing at 24,768.30.

The GIFT Nifty indicates a negative beginning for the day and at 07.00 am IST, Nifty Futures were trading at 24,777.

Asian markets were mostly flat early on Monday just as a slew of Chinese economic data looms on the horizon as Beijing regulators promised to stabilize markets.

The Friday session was rather subdued and saw US markets finish almost flat for the week, with the S&P 500 and the Dow recording weekly drops, while the Nasdaq marked its fourth successive week of positive returns.

The Dow Jones Industrial Average dropped 0.20% or 86.06 points, to 43,828.06, the S&P 500 fell 0.16 points, to 6,051.09, and the Nasdaq Composite acquired 0.12% or 23.88 points, to 19,926.72.

In the early hours of trading on Monday, the US 10-Year Treasury fell down by 22 basis points to 4.38 percent while the 2-Year Treasury was down by 15 basis points at a dim 4.23 percent.

Following the climb for the past two weeks, the Dollar index went down in the early Monday trade.

Most of the currencies across Asia had opened lower on Monday morning trading. However, they were mixed month-to-date, with the South Korean Won down the most followed by the Indonesian Rupiah, Singapore Dollar, and China Renminbi.

Oil futures receded from their peak levels in recent weeks and awaited the forthcoming meeting of the Federal Reserve later this week for some indication on further possible cuts in interest rates.

Before the final decision of the Federal Reserve’s final interest rate of the year, Gold prices got up marginally, with traders weighing the policy outlook for 2025.

On December 13, according to data released by the capital markets regulator, FIIs converted into net buyers with purchases across equities priced at Rs 2,335 crore with concurrent DIIs unloading equities at Rs 732.2 crore on the same day.