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

Market Today

Indian benchmark indices Sensex and Nifty are likely to see a weak start on July 25, tracking cues from GIFT Nifty was trading around 24,982 a short while ago this morning.

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

Benchmark indices Sensex and Nifty fell more than 0.6 percent each on July 24, wiping out previous session's gains amid selling seen across sectors, however, buying in pharma and PSU banks helped limit the losses.

At close, the Sensex was down 542.47 points or 0.66 percent at 82,184.17, and the Nifty was down 157.80 points or 0.63 percent at 25,062.10. BSE Midcap and smallcap indices down 0.4 percent each. Nifty 50 index ended near a key technical support of 25,060 level.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 24,982, indicating a negative start for the day.

Asian Equities (Mixed)

Asian stocks declined at the open Friday, breaking their longest winning streak since January, as
uncertainty over interest-rate cuts by the Federal Reserve curbed risk appetite.

US Equities (Mixed)

The S&P 500 and the Nasdaq notched record high closes on Thursday as robust results from Google parent Alphabet fueled optimism about other heavyweight artificial intelligence stocks, while Tesla slumped after the electric vehicle maker's results disappointed investors.

The S&P 500 crept up 0.07% to end the session at 6,363.35 points. The Nasdaq gained 0.18% to 21,057.96 points, while the Dow Jones Industrial Average declined 0.70% to 44,693.91 points.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were trading marginally lower in the early Friday trade.

Dollar Index (Up)

The dollar steadied near two-week lows on Friday, on track for its biggest weekly drop in a month, as investors contended with U.S. tariff negotiations ahead of a deadline while looking ahead to central bank meetings next week for clues on policy.

Asian currencies (Down)

Asian currencies were trading mostly lower in the early trade, however, on year-to-date basis, Indonesian Rupiah down 1 percent, while all other currencies gained between 2-11 percent.

Crude (Up)

Oil prices rose on Friday, buoyed by optimism over a potential trade deal between the U.S. and the European Union and reports of Russian plans to restrict gasoline exports to most countries.

Gold (Flat)

Gold and Silver prices were trading with little change in the early Friday trade.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their selling on fourth day as they sold equities worth Rs 2133 crore on July 24 . However, Domestic institutional investors (DIIs) bought equities worth Rs 2617 crore on the same day.

Hope you're all set for today's trade. We wish you a profitable day ahead.

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