First Tick: Top global cues to watch in today’s trade

The Indian equity market began the week on a positive note, extending gains for a second consecutive session on February 23, with the Nifty closing above the 25,700 mark amid volatility.

• Sensex and Nifty likely to open lower as GIFT Nifty slips
• Asian stocks rise despite US tariff threats and AI concerns
• FIIs turn net buyers, purchasing equities worth ₹3,843 crore

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Indian equity benchmarks, Sensex and Nifty, are likely to start on a negative note today, following gains in GIFT Nifty, which was trading lower at around 25,614.50.

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

The Indian equity market began the week on a positive note, extending gains for a second consecutive session on February 23, with the Nifty closing above the 25,700 mark amid volatility.

At close, the Sensex was up 479.95 points or 0.58 percent at 83,294.66, and the Nifty was up 141.75 points or 0.55 percent at 25,713.

GIFT Nifty (Slips)

The GIFT Nifty is trading lower at around 25,614.50, indicating a weak start for the day.

Asian Equities (Up)

Asian stock markets were trading higher despite renewed tariff threats from U.S. President Donald Trump and concerns that artificial intelligence could disrupt software companies.

US Equities (Down)

Wall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday's U.S. Supreme Court ruling sent investors fleeing from high-risk equities.

The Dow Jones Industrial Average fell 821.91 points, or 1.66%, to 48,804.06, the S&P 500 lost 71.76 points, or 1.04%, to 6,837.75, and the Nasdaq Composite lost 258.80 points, or 1.13%, to 22,627.27.

Dollar Index (Flat)

The dollar index showed little change against the other major currencies in the early Tuesday trade.

US Bond Yield (Up)

The yield on the US 10-year Treasury and 2-year Treasury up 1 basis point at 4.04% and 3.44%, respectively, as investors pondered the implications of the Supreme Court's decision on U.S. tax receipts.

Asian Currencies (Down)

Except for the Indonesian Rupiah, all other Asian currencies were trading lower in early Tuesday trade, with the South Korean Won, Japanese Yen, and Philippine Peso emerging as the major losers.

Crude (Slips)

Oil prices steadied as Trump said his preference was for a nuclear deal with Iran ahead of talks

between the two nations this week.

Gold (Down)

Gold steadied, after four days of gains, as heightened uncertainty over US trade policy and tensions in the Middle East drove investors toward safer assets.

Fund Flow Action

After remaining net sellers for the previous two sessions, Foreign Institutional Investors (FIIs) turned net buyers on February 23, purchasing equities worth ₹3,843 crore. With this, they also turned net buyers for the month. Meanwhile, Domestic Institutional Investors (DIIs) offloaded equities worth ₹1,292 crore.

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

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