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

Asian markets were trading mixed in the early trade on Thursday as investors assessed the US′ blanket 15% tariffs on imports from South Korea and awaited details on the Bank of Japan’s policy decision.

Indian benchmark indices Sensex and Nifty are likely to see a weak start on July 31, tracking cues from GIFT Nifty was trading around 24,672 a short while ago this morning.

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

A volatile session amid monthly F&O expiry saw the benchmark indices end higher on July 30, with Nifty at 24,850 supported by IT, FMCG, capital goods, while selling in auto, PSU Bank, realty weighed.

At close, Sensex was higher by 143.91 points or 0.18 percent at 81,481.86, and the Nifty was up 33.95 points or 0.14 percent at 24,855.05, while BSE Mid and Smallcap indices ended with marginal gains.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 24,672, indicating a gap-down start for the day.

Asian Equities (Mixed)

Asian markets were trading mixed in the early trade on Thursday as investors assessed the US′ blanket 15% tariffs on imports from South Korea and awaited details on the Bank of Japan’s policy decision.

US Equities (Mixed)

US stocks closed well off earlier highs after a choppy session on Wednesday, as Federal Reserve Chair Jerome Powell chilled expectations the central bank might be poised to cut rates at its September meeting.

In keeping rates unchanged, as was widely expected, the central bank said "the unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated," in a split decision that saw two governors dissent.

The Dow Jones Industrial Average fell 171.71 points, or 0.38%, to 44,461.28, the S&P 500 lost 7.96 points, or 0.12%, to 6,362.90 and the Nasdaq Composite gained 31.38 points, or 0.15%, to 21,129.67.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were down marginally ay 4.39 percent and 3.93 percent in the early Thursday trade.

Dollar Index (Up)

The dollar flirted with a two-month peak on Thursday after Federal Reserve Chair Jerome Powell stuck to his patient approach on rates in a closely watched policy decision and offered little insight on when they could be lowered.

Asian currencies (Mixed)

Asian currencies were trading mixed with Taiwan Dollar, China Renminbi, Malaysian Ringgit falling the most, while Singapore Dollar, Indonesian Rupiah, South Korean Won, Japanese Yen were trading with marginal gains

Crude (Gains)

Oil prices gained for a fourth straight day on Thursday, as investors worried about supply shortages amid U.S. President Donald Trump's push for a swift resolution to the war in Ukraine and threats of tariffs on countries buying Russian oil.

Gold (Rise)

Gold edged higher following a sharp decline when traders wound back bets on an interest-rate cut in September, after Federal Reserve Chair Jerome Powell said the central bank’s policy settings remain well-positioned.

Fund Flow Action

The Foreign institutional investors (FIIs) continued their selling on 8th consecutive session on July 30 as they sold equities worth Rs 850 crore, while Domestic institutional investors (DIIs) extended their buying on 18th day as they bought equities worth Rs 1,829 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.