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 a higher start on April 30, tracking cues from GIFT Nifty trading around 24,464 a short while ago this morning.

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

The market failed to hold on the intraday gains to end with little change in the volatile session on April 29. At close, the Sensex was up 70.01 points or 0.09 percent at 80,288.38, and the Nifty was up 7.45 points or 0.03 percent at 24,335.95.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading marginally higher at around 24,464, indicating a positive opening for the day.

Asian Equities (Up)

Asian stocks edged up after the S&P 500 index advanced for a sixth day on optimism that companies will be able to weather slowing economic growth and tariff-fueled disruptions.

US Equities (Gain)

Wall Street stocks advanced on Tuesday while crude and gold prices slid as investors juggled corporate earnings, signs of progress in U.S. President Donald Trump's tariff negotiations, and increased odds of a global recession.

All three major U.S. stock indexes were modestly higher, with the blue-chip Dow out front.

The Dow Jones Industrial Average rose 300.03 points, or 0.75%, to 40,527.62, the S&P 500 rose 32.07 points, or 0.58%, to 5,560.82, and the Nasdaq Composite rose 95.19 points, or 0.55%, to 17,461.32.

US Bond Yield (Down)

The US 10-year Treasury yield was down 1 basis point at 4.15 percent, and the US 2-year bond yield was down marginally at 3.64 percent in the early Wednesday trade.

Dollar Index (Flat)

The U.S. dollar was steady on Wednesday but poised for its weakest monthly performance since November 2022 as erratic U.S. trade policies under President Donald Trump left the greenback vulnerable while boosting the euro, yen and Swiss franc.

Asian currencies (Mixed)

Asian currencies were trading mostly higher in the early Wednesday trade, with gainers including the Malaysian Ringgit, Indonesian Rupiah, Philippines Peso, South Korean Won, while the Japanese Yen, Singapore Dollar, Thai Baht, and Taiwan Dollar were trading marginally lower.

Crude (Down)

Oil prices edged lower in early Asian trading on Wednesday as President Donald Trump's erratic tariff policies raised concerns about weakening global economic growth and fuel demand.

Gold (Down)

Gold was steady after dropping on Tuesday as President Donald Trump eased the impact of some auto tariffs and pointed to progress in trade negotiations with several countries.

Fund Flow Action

The Foreign institutional investors (FIIs) buying continued on 10th consecutive session on April 29 as they bought equities worth Rs 2385 crore. Domestic institutional investors (DIIs) also extended their buying on third day as they purchased equities of Rs 1369 crore.

Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.