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

DIIs net bought shares worth Rs 2,402 crore, FIIs net sold shares worth Rs 2,758

Indian benchmark indices Sensex and Nifty 50 are likely to open on a weak note on January 27, tracking cues from GIFT Nifty trading around 22,975, 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 house 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 (Down)

The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 22,975 at 07:20 am IST.

Asian Equities (Up)

Asian stocks rose in early trade, with caution remaining over a global rebound after President Donald Trump’s decision to impose tariffs and sanctions on Colombia for impeding his immigration goals.

US Equities (Down)

Wall Street's main indexes closed lower on Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting.

The Dow Jones Industrial Average fell 140.82 points, or 0.32%, to 44,424.25, the S&P 500 lost 17.47 points, or 0.29%, to 6,101.24 and the Nasdaq Composite lost 99.38 points, or 0.50%, to 19,954.30.

The indexes advanced for the second week in a row, with the S&P 500 up 1.74%, while the Nasdaq rose 1.65% and the Dow climbed 2.15%.

US Bond Yield (Down)

US 10-Year Treasury shed 84 bps at 4.58 and 2-Year Treasury declined 35 bps at 4.25 in the early trade on Monday.

Dollar Index (Up)

The dollar firmed on Monday as traders pondered the ramifications of U.S. President Donald Trump's tariff plans at the start of a week where the Federal Reserve is widely expected to hold interest rates steady.

Asian currencies (Mixed)

Asian currencies were trading mixed against the US dollar in the early trade on Monday with with Indonesian Rupiah gaining nearly a percent followed by the China Renminbi.

Crude (Down)

Oil prices fell 1% on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.

Gold (Flat)

Gold was steady near a record high as President Donald Trump imposed sanctions and tariffs on
Colombia, raising nervousness over the US’s readiness to use trade curbs in political disputes.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their selling as they sold equities worth Rs 2,758.49 crore on January 24, on the other hand, domestic institutional bought equities worth Rs 2,402.31 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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