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

Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to open higher on April 28, tracking cues from GIFT Nifty trading around 24,227 a short while ago this morning.

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

Bears tightened their grip on Dalal Street as the Indian benchmark indices shed more than 0.5 percent as investors remained concerned over India’s response to the terror attack and its consequences.

Market started the May series on a positive note with Nifty rising to day's high of 24,365.45 in the initial hours, but geopolitical tension between India and Pakistan weighed on investors' sentiments, which dragged the Nifty to day's low of 23,847.85. However, buying at lower levels, especially in the IT stocks, helped regain some lost ground.

At close, the Sensex was down 588.90 points or 0.74 percent at 79,212.53, and the Nifty was down 207.35 points or 0.86 percent at 24,039.35.

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 24,227, indicating a firm start for the day.

Asian Equities (Gain)

Asian shares gained in a cautious start to the week as investors await progress in US trade negotiations with the region and signs of further stimulus from China.

US Equities (Up)

Wall Street advanced on Friday, notching weekly gains as investors parsed a spate of earnings and looked for signs of easing tensions in the U.S.-China trade dispute.

The Dow Jones Industrial Average rose 20.10 points, or 0.05%, to 40,113.50, the S&P 500 gained 40.44 points, or 0.74%, to 5,525.21, and the Nasdaq Composite gained 216.90 points, or 1.26%, to 17,382.94.

US Bond Yield (Up)

The yields on the US 10-year Treasury and the US 2-year bond were trading with marginal gains in the early trade on Monday.

Dollar Index (Up)

The dollar made a steady start on Monday as investors prepared for a week packed with economic data that may give a first glimpse of whether U.S. President Donald Trump's trade war is hitting home.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early Monday trade with the Indonesian Rupiah, South Korean Won, Japanese Yen, China Renminbi leading the gainers, while losers were the Thai Baht, Taiwan Dollar, China Renminbi, Malaysian Ringgit.

Crude (Gains)

Oil prices inched up in early trade on Monday but remained dogged by uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, while the prospect of OPEC+ raising its supply cast more gloom.

Gold (Down)

Gold fell further from last week’s record high, as traders unwound positions on signs the metal’s

explosive rally may have run too hard and too fast.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their buying on eight consecutive sessions on April 25 as they bought equities worth Rs 2952 crore. However, after remaining net sellers for the previous three sessions, Domestic institutional investors (DIIs) turned net buyers as they bought equities of Rs 3539 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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