Indian benchmark indices Sensex and Nifty 50 are likely to open on a strong note on January 31, tracking cues from GIFT Nifty trading around 23,440.5, a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Equity markets closed higher on January 30, extending their rebound for a third consecutive session as investors capitalized on recent dips. Corporate earnings remained mixed, but optimism prevailed ahead of the Union Budget on Saturday and the Reserve Bank of India's (RBI) bi-monthly policy meeting next week.
At close, the Sensex gained 0.3% (226.85 points) to 76,759.81, while the Nifty rose 0.3% (86.4 points) to 23,249.5.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Gains)
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 23,440.5 at around 07:00 am IST.
Asian Equities (Mixed)
Asian equities trade mixed on Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc
US Equities (Gain)
US stocks ended a volatile session higher on Thursday as investors digested a stack of key earnings reports, with upbeat comments from Tesla helping to offset a disappointing forecast from Microsoft.
The Dow Jones Industrial Average rose 168.61 points, or 0.38%, to 44,882.13, the S&P 500 gained 31.86 points, or 0.53%, to 6,071.17, and the Nasdaq Composite added 49.43 points, or 0.25%, at 19,681.75.
US Bond Yield (Gains)
US 10-year Treasury added 36 bps at 4.53 percent, while US 2-year Treasury gained 24 bps at 4.21 percent in the early Friday trade.
Dollar Index (Up)
The U.S. dollar edged higher against some of its peers including the yen and euro as markets weighed fresh tariff threats, slower-than-expected U.S. economic growth, and an interest rate cut by the European Central Bank.
Asian currencies (Down)
Asian currencies were trading weak against the US dollar in the early Friday trade with South Korean Won leading the losers, followed by Malaysian Ringgit, Indonesian Rupiah, Philippines Peso.
Crude (Rises)
Oil prices gained, with West Texas Intermediate trading above USD 73 per barrel.
Gold (Up)
Gold rose to a record high as investors flocked to safety after US President Donald Trump reiterated threats to impose tariffs on Mexico and Canada.
Fund Flow Action
The Foreign institutional investors (FIIs) remained net sellers on January 30, as they sold equities worth Rs 4,582.95 crore, while domestic institutional purchased equities worth Rs 2,165.89 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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