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 muted start on July 28, tracking cues from GIFT Nifty was trading around 24,836.50 a short while ago this morning.

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

Bears dragged Dalal Street deep into the red, while selling pressure in key financial stocks also contributed to heavy losses in the Nifty 50 and Sensex indices, on Friday, July 25.

At close, the Sensex was down 721.08 points or 0.88 percent at 81,463.09, and the Nifty was down 225.10 points or 0.90 percent at 24,837. The Nifty 50 index hit a one-month low in trade.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 24,836.50, indicating a muted start for the day.

Asian Equities (Mixed)

Asian markets were trading mixed, with investors awaiting more details of the trade talks between the U.S. and China, which are set to kick off in Stockholm later in the day.

US Equities (Rise)

US stocks advanced and the dollar firmed on Friday as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results, and U.S. President Donald Trump's August 1 deadline for negotiating trade deals.

The Dow Jones Industrial Average rose 208.01 points, or 0.47%, to 44,901.92, the S&P 500 rose 25.30 points, or 0.40%, to 6,388.65, and the Nasdaq Composite rose 50.36 points, or 0.24%, to 21,108.32.

US Bond Yield (Up)

The yield on 10-year Treasuries and 2-year Treasuries were trading with marginal gains in the early trade on Monday.

Dollar Index (Flat)

The dollar index, which tracks the greenback against major peers, fell 0.1% to 97.534.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early Monday trade, with the Chinese Renminbi losing the most, followed by the Taiwan Dollar and, Indonesian Rupiah. However, on a month-to-date basis, except Thai Baht and the Chinese Renminbi, all other currencies gave a negative return

Crude (Gains)

Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit economic activity and impact fuel demand.

Gold (Flat)

Gold steadied after the US and European Union announced they had reached a tariff agreement, staving off some concerns about a potentially painful trade war between the economies.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their selling on the 5th day as they sold equities worth Rs 1,979 crore on July 25. However, Domestic institutional investors (DIIs) purchased equities worth Rs 2,138 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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