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First Tick: Top 10 global cues for today’s trade

The GIFT Nifty is indicating a muted start for the day.

October 30, 2024 / 07:22 IST
Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to open on flat note on October 30, tracking cues from GIFT Nifty trading around 24,441, a short while ago this morning.

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

In a volatile session, the Indian benchmark indices extended the gains on second straight session on October 29 with Nifty closing  above 24,450, led by realty and financial stocks.

At close, the Sensex was up 363.99 points or 0.45 percent at 80,369.03, and the Nifty was up 127.60 points or 0.52 percent at 24,466.80.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,441 at 07:00 am IST.

Asian Equities (Up)

Asian markets mostly climbed on Tuesday, tracking gains on Wall Street as investors looked toward a slate of megacap technology earnings to keep propelling the Nasdaq Composite

Change From Previous Close (%)MTD (%)YTD (%)
Topix 0.51 -4.17 5.98
Nikkei0.77-2.779
Hang Seng - - -
Taiwan 0.212.5523.42
Kospi-0.33-4.69-7.38
US Equities (Gain)

The Nasdaq scored a record closing high and the S&P 500 rose on Tuesday, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet's results that came after the market close.

The Nasdaq Composite rose 145.56 points, or 0.78%, to 18,712.75, breaking the previous closing record in July.

The S&P 500 climbed 9.45 points, or 0.16%, to 5,832.97. The Dow Jones Industrial Average fell 154.52 points, or 0.36%, to 42,233.05.

Change From Previous Close (%)MTD (%)YTD (%)
Dow Jones -0.36 0.10 13.23
S&P5000.161.5023.57
Nasdaq0.783.2225.96
US Bond Yield (Down)

US 10-Year Treasury was down 19 bps at 4.24 percent, while US 2-Year Treasury was flat at 4.09 percent in the early trade on Wednesday.

Current PriceMTDYTD
US 10-Year Treasury -0.19 3.784.89
US 2-Year Treasury 0.05 3.645.05

Dollar Index (Flat)

The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy.

Current PriceMTDYTD
Dollar Index 104.23 100.77106.12
Asian currencies (Gain)

Except Indonesian Rupiah and South Korean Won, all other Asian currencies were trading higher in the early trade on Wednesday. However, on month-to-date basis, all the currencies fell between 1-6 percent.

Change From Previous Close (%)MTD (%)YTD (%)
 Indonesian Rupiah -0.298 -4 -2.35
 South Korean Won-0.046-4.98-6.70
 Japanese Yen0.052-6.27-7.96
 Philippines Peso0.139-3.75-4.86
 Thai Baht0.068-3.641.79
 Taiwan Dollar0.0.44-1.31-4.69
 China Renminbi0.003-1.54-0.408
 Malaysian Ringgit0.085-5.745.01
 Singapore Dollar0.045-2.90-0.234
Crude (Gains)

Oil prices stabilised on Wednesday on industry data showing a surprise drop in U.S. crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East.

Change From Previous Close (%)MTD (%)YTD (%)
US West Texas 0.22 -1.19 -5.99
Brent Crude0.17-0.74-7.53
Gold (Up)

Gold reached a record in early Asian trading on Wednesday, as traders digested the latest US economic data and weighed potential market disruption ahead of the looming presidential election.

Change From Previous Close (%)MTD (%)YTD (%)
Gold 0.11 5.44 34.65
Silver0.1810.3444.49
LME Commodities (Down)

Except Aluminium, all other commodities price were trading lower in the early trade on Wednesday with Lead down over 1 percent, while Nickel shed nearly a percent.

Change From Previous Close (%)MTD (%)YTD (%)
Aluminium 0.51 1.82 11.54
Copper-0.12-3.0411.35
Nickel-0.89-9.37-4.40
Lead -1.31 -4.39 -3.12
Zinc-0.54117.46
Fund Flow Action

The foreign institutional investors (FIIs) sold equities worth Rs 548.69 crore on October 29, while domestic institutional investors bought equities worth Rs 730.13 crore on the same day.

29th OctMTDYTD
FII Net Flows -548.69 -88,595.62 -2,30,583.12
DII Net Flows 730.13 1,31,102.04 4,36,685.75

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.

Rakesh Patil
first published: Oct 30, 2024 07:22 am

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