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

Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to see firm opening on April 25, tracking cues from GIFT Nifty trading around 24,535 a short while ago this morning.

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

Benchmark indices snapped a seven-day gaining streak to end lower with modest losses on April 24, as Nifty 50 closed below 24,300 on selling pressure across sectors, barring metal and pharma.

The Sensex ended down 315.06 points or 0.39 percent at 79,801.43, and the Nifty was down 82.25 points or 0.34 percent at 24,246.70. The broader indices outperformed with BSE Mid and Smallcaps ending flat.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 24,535, indicating a positive opening for the day.

Asian Equities (Rise)

Asian shares rose at the open Friday after optimism about the Federal Reserve cutting rates sooner than anticipated powered a rally in US stocks and Alphabet Inc. reported solid earnings.

US Equities (Gain)

US stocks closed higher on Thursday, rallying for a third straight day with a solid boost from technology shares as investors parsed a mixed bag of corporate earnings and watched for signs of progress in the U.S.-China tariff stand-off.

The Dow Jones Industrial Average rose 486.83 points, or 1.23%, to 40,093.40, the S&P 500 gained 108.91 points, or 2.03%, to 5,484.77 and the Nasdaq Composite gained 457.99 points, or 2.74%, to 17,166.04.

US Bond Yield (Up)

The yields on US 10-year Treasury and the US 2-year bond were little changed in the early Friday trade.

Dollar Index (Up)

The dollar drifted higher on Friday, following small losses a day earlier, as traders grappled with the outlook for the U.S. economy following President Donald Trump's erratic messaging on trade deals and Federal Reserve interference.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early trade on Friday with Malaysian Ringgit, Singapore Dollar, Japanese Yen, leading the losers, while Philippines Peso, Thai Baht, Taiwan Dollar were trading higher.

Crude (Up)

Oil prices edged higher on Friday but were on track for a weekly loss as a potential OPEC+ output increase and a possible ceasefire in the Russia-Ukraine war may raise supply at the same time conflicting U.S. tariff signals limit the demand outlook.

Gold (Up)

Gold headed for a weekly gain after a volatile run of trading, with investors assessing trade tensions and the possibility of US rate cuts.

Fund Flow Action

The Foreign institutional investors (FIIs) bought equities worth Rs 8250 crore on April 24. However, Domestic institutional investors (DIIs) sold equities of Rs 534 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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