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

Indian benchmark indices Sensex and Nifty 50 are likely to see a firm opening on January 24, tracking cues from GIFT Nifty trading around 23,303.50, a short while ago this morning.

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

Indian benchmark indices, Sensex and Nifty, extended gains from the previous session and ended higher on January 23, albeit off their day's highs. However, it was the broader markets--which houses small and midcaps, that staged a sharp rebound from yesterday's selloff, outperforming their larger cap peers.

At close, the Sensex was up 115.39 points or 0.15 percent at 76,520.38, and the Nifty was up 50.00 points or 0.22 percent at 23,205.35. Market breadth remained strong, with gainers outnumbering laggards.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 23,303.50 at 07:20 am IST.

Asian Equities (Rise)

Asian equities rose, following a rebound in technology stocks that pushed Wall Street to a record high.

The benchmark S&P 500 rose to a record closing high on Thursday, as investors assessed a mixed bag of corporate earnings and digested comments from President Donald Trump, including a call for cuts in interest rates and oil prices.

All three of Wall Street's major indexes scored their fourth straight day of gains.

The S&P 500 gained 32.34 points, or 0.53%, to 6,118.71, The S&P 500 registered its first closing record since Dec. 6 after narrowly missing the milestone on Wednesday.

The Dow Jones Industrial Average rose 408.34 points, or 0.92%, to 44,565.07 and the Nasdaq Composite gained 44.34 points, or 0.22%, to 20,053.68.

US 10-Year Treasury fell 22 bps at 4.63 and 2-Year Treasury shed 35 bps at 4.27 in the early trade on Friday.

The dollar index - which measures the currency versus six top rivals, was up marginally in the early trade on Friday.

Asian currencies were trading mixed against the US dollar in the early Friday trade with Japanese Yen, Indonesian Rupiah, China Renminbi, South Korean Won down marginally.

Oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts.

Gold held near the highest since October as traders weighed President Donald Trump’s latest tariff threat against Europe, along with his vow to push for more interest- rate cuts.

The Foreign institutional investors (FIIs) remained net sellers on the 15th consecutive day as they sold equities worth Rs 5,462.52 crore on January 23, on the other hand, domestic institutional bought equities worth Rs 3,712 crore on the same day.

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