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

For the week, BSE Sensex and Nifty added 1.2 percent each.

Indian benchmark indices Sensex and Nifty are likely to see a positive opening today,  tracking GIFT Nifty, which was hovering around 24,939.50.

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

Indian indices failed to hold on to the intraday gains and ended marginally higher in the volatile session on September 9, with Nifty above 24,750, led by auto, metal, oil & gas, and PSU Banks.

At close, the Sensex was up 76.54 points or 0.09 percent at 80,787.30, and the Nifty was up 32.15 points or 0.13 percent at 24,773.15. BSE Midcap and smallcap indices up 0.5% each.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Rises)

The GIFT Nifty is trading higher at around 24,939.50, indicating a firm opening start for the day.

Asian Equities (Gain)

Asian stocks climbed on Tuesday as Wall Street’s upbeat mood ahead of expected Federal Reserve rate cuts flowed into regional trading.

US Equities (Gain)

The Nasdaq notched a record high close on Monday, lifted by a rally in Broadcom, while the S&P 500 also gained as investors bet the Federal Reserve will soon lower borrowing costs to shore up economic growth.

Investors expect multiple interest rate cuts this year after a troubling nonfarm payrolls report on Friday added to concerns about a weakening U.S. job market. The report, which had dragged down Wall Street in the previous session, has stoked fears of a potential slowdown in the world's biggest economy.

The S&P 500 climbed 0.21% to end at 6,495.15 points.

The Nasdaq gained 0.45% to 21,798.70 points, its highest close ever. The Dow Jones Industrial Average rose 0.25% to 45,514.95 points.

The S&P 500 is up about 10% so far in 2025, and the Nasdaq has climbed about 13%.

US Bond Yield (Flat)

The yield on 10-year Treasuries was little changed at 4.04%, while the 10-year Treasury yield was around 3.49%

Dollar Index (Flat)

The dollar sank to an almost seven-week low on Tuesday as investors braced for U.S. data revisions that could show the job markets in worse shape than initially thought, shoring up the case for even deeper Federal Reserve interest rate cuts.

Asian currencies (Up)

All the Asian currencies were trading higher in the early Tuesday trade with the Indonesian Rupiah leading the gainers, followed by the Thai Baht, the Taiwan Dollar, the Malaysian Ringgit, the Japanese Yen, the China Renminbi, Singapore Dollar.

Crude (Gains)

Oil prices gained on Tuesday after OPEC+ decided to increase production by less than what market participants had anticipated, while concerns over tighter supply due to potential new sanctions on Russia continued to lend support.

Gold (Flat)

Gold held near its latest record reached on Monday, with its rally stoked by a surge in bets for a wave of Federal Reserve rate cuts this year.

Fund Flow Action

The Foreign institutional investors (FIIs) extended the selling on the 11th consecutive day as they offloaded equities worth Rs 2169 crore on September 8, while Domestic institutional investors (DIIs) purchased equities worth Rs 3014 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.