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

Market Today

Indian benchmark indices Sensex and Nifty are likely to see a flat opening on September 30, with cues from GIFT Nifty, which was trading near 24,766.

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

Indian equities ended marginally lower on September 30 as investors stayed cautious ahead of the Reserve Bank of India’s bi-monthly policy review.

At close, the Sensex slipped 100 points, or 0.13 percent, to 80,263, while the Nifty50 eased 25 points, or 0.07 percent, to 24,610.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 24,766, indicating a muted start for the day.

Asian Equities (Mixed)

Asian markets were trading mixed in the early trade on Wednesday trade with Nikkei down 0.5 percent, while Kospi and Taiwan Weighted up nearly 1 percent each.

US Equities (Rise)

Wall Street's three major indexes managed to close Tuesday's choppy session higher, marking quarterly and monthly gains, even as investors braced for a U.S. government shutdown, which would delay key economic reports and muddy the Federal Reserve's interest rate policy outlook.

The Dow Jones Industrial Average rose 81.82 points, or 0.18%, to 46,397.89, marking its latest record closing high. The S&P 500 gained 27.25 points, or 0.41%, to 6,688.46 and the Nasdaq Composite gained 68.86 points, or 0.31%, to 22,660.01.

US Bond Yield (Up)

The yield on 10-year Treasuries and 2-year Treasuries were trading with little change at 4.15 percent and 3.61 percent, respectively.

Dollar Index (Up)

The dollar hovered near a one-week low versus major peers on Wednesday as the U.S. government headed towards a likely shutdown, which would delay the release of crucial jobs data.

Asian currencies (Down)

Asian currencies were trading mostly lower in the early trade on Tuesday with South Korean Won leading the losers,  followed by Japanese Yen, Philippines Peso, Thai Baht.

Crude (Down)

Oil prices steadied in early trade on Wednesday after two consecutive days of losses as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect of shrinking inventories in the U.S.

Gold (Flat)

Gold hit a record high on Wednesday as investors turned to safe-haven assets on growing risks of a U.S. government shutdown, while weak labour data strengthened expectations of further interest rate cuts by the Federal Reserve.

Fund Flow Action

The Foreign institutional investors (FIIs) remained net sellers on 7th consecutive session on September 30 as they offloaded equities Rs 2327 crore, while Domestic institutional investors (DIIs) bought equities of Rs 5761 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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