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

Market Today

Indian benchmark indices Sensex and Nifty are expected to open flat on September 30, with cues from GIFT Nifty, which was trading near 24,682.

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

The market failed to build on opening gains and ended lower for the seventh straight session on September 29 with Nifty ending near 24,650.

At close, the Sensex was down 61.52 points or 0.08 percent at 80,364.94, and the Nifty was down 19.80 points or 0.08 percent at 24,634.90. BSE Midcap index rose 0.3 percent, while smallcap index down marginally.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 24,682, indicating a muted start for the day.

Asian Equities (Mixed)

Asian markets were trading mixed in the early Tuesday trade with Nikkei shed 0.5 percent, while Taiwan Weighted up 1 percent.

US Equities (Up)

Wall Street indexes closed up on Monday with the Nasdaq leading gains as investors bought heavyweight technology stocks and shrugged off the uncertainty of a potential US government shutdown and hawkish remarks from Federal Reserve officials.

The Dow Jones Industrial Average rose 68.78 points, or 0.15%, to 46,316.07, the S&P 500 gained 17.51 points, or 0.26%, to 6,661.21 and the Nasdaq Composite gained 107.09 points, or 0.48%, to 22,591.15.

US Bond Yield (Flat)

The yield on 10-year Treasuries was up marginally at 4.14 percent, while 2-year Treasuries were trading with little change at 3.61 percent.

Dollar Index (Flat)

The U.S. dollar was on the back foot on Tuesday in cautious trading as investors braced for a possible U.S. government shutdown that would halt economic data releases including the crucial jobs report later this week.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early Tuesday trade with Indonesian Rupiah, Philippines Peso, Malaysian Ringgit were trading higher, while South Korean Won, Japanese Yen, Thai Baht, Taiwan Dollar were trading lower.

Crude (Down)

Oil prices fell on Tuesday as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region via Turkey reinforced the outlook for a looming supply surplus.

Gold (Up)

Gold prices rose further to hit a fresh high on Tuesday and were poised for their best month in 14 years, as fears of a potential U.S. government shutdown and growing expectations of further U.S. interest rate cuts boosted demand for the safe-haven metal.

Fund Flow Action

The Foreign institutional investors (FIIs) remained net sellers on sixth consecutive session on September 29 as they offloaded equities of over Rs 2830 crore, while Domestic institutional investors (DIIs) bought equities of Rs 3845 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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