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

Maruti Suzuki and Britannia trade higher Maruti Suzuki gained 4.79 percent to Rs 12,899.8, while Britannia advanced 4.22 percent to Rs 5,346. Positive earnings expectations drove these gains.

Indian benchmark indices Sensex and Nifty 50 are likely to open on a weak note on February 3, tracking cues from GIFT Nifty trading around 23,382, a short while ago this morning.

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

In the volatile session on Budget Day, the Indian equity indices ended on a flat note on February 1 despite some major announcements by Finance Minister Nirmala Sitharaman in her Union Budget speech with an income tax relief package.

Union Finance Minister Nirmala Sitharaman delivered her eighth consecutive Union Budget, introducing some tax relief to the lower and middle class with a major boost to consumption with a fiscal deficit target of 4.4 percent in FY26.

At close, the Sensex was up 5.39 points or 0.01 percent at 77,505.96, and the Nifty was down 26.25 points or 0.11 percent at 23,482.15.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower, indicating a negative start for the day. Nifty futures were trading at 23,382 at around 07:00 am IST.

Asian Equities (Down)

Asian markets opened lower Monday after US President Donald Trump levied tariffs on Canada, Mexico and China over the weekend.

US Equities (Down)

US stocks ended lower on Friday, with indexes losing ground after the White House said U.S. President Donald Trump will implement on Saturday tariffs of 25% on Canadian and Mexican imports and 10% on Chinese goods.

The Dow Jones Industrial Average fell 337.47 points, or 0.75%, to 44,544.66, the S&P 500 lost 30.64 points, or 0.50%, to 6,040.53 and the Nasdaq Composite lost 54.31 points, or 0.28%, to 19,627.44.

Indexes registered gains for the month of January, with the Dow up 4.7%, the S&P 500 up 2.7%, and the Nasdaq up 1.6%.

For the week, the Dow was up 0.3%, but the S&P 500 declined 1% and the Nasdaq fell 1.6%. Tech shares sold off on Monday after Chinese startup DeepSeek unveiled a breakthrough in cheap AI models.

US Bond Yield (Up)

The yields on 2-year US Treasuries rose nearly a percent in response to the punitive measures taken against some of America’s biggest trading partners.

Dollar Index (Up)

The dollar surged after US President Donald Trump made good on his threat to impose tariffs on the exports of Canada, Mexico, and China.

Asian currencies (Down)

Asian currencies fell against the US dollar in the early Monday trade with the South Korean Won and Taiwan Dollar leading the losers with a 1 percent fall, followed by the Malaysian Ringgit, Singapore Dollar, and Philippines Peso.

Crude (Gains)

Oil prices jumped after US President Donald Trump made good on his threat to impose tariffs on the exports of Canada, Mexico, and China.

Gold (Down)

Gold edged lower after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with a surging dollar outweighing haven demand as the world braces for trade wars.

Fund Flow Action

The Foreign institutional investors (FIIs) remained net sellers on February 1, as they offloaded equities worth Rs 1,327 crore, while domestic institutionals bought equities worth Rs 824 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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