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

Asian stocks climbed to a record, led by Japan, while gold advanced to an all-time high and Bitcoin hovered near its recent peak

Indian benchmark indices Sensex and Nifty are likely to see a muted start on October 6, with cues from GIFT Nifty, which was trading near 24,962.50.

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

Benchmark equity indices ended near the day's high, with Nifty reclaiming the 24,900 level on broadbased rally in metal, financial and consumer durable shares, closing higher on a weekly basis as well.

At close, the Sensex was up 223.86 points or 0.28 percent at 81,207.17, and the Nifty was up 57.95 points or 0.23 percent at 24,894.25. The BSE midcap index was up 0.8 percent and smallcap index added 1 percent.

For the week, BSE Sensex and Nifty added 1% each.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading marginally lower at around 24,962.50, indicating a flat opening for the day.

Asian Equities (Up)

Asian stocks climbed to a record, led by Japan, while gold advanced to an all-time high and Bitcoin
hovered near its recent peak as investors bet looser monetary policy and accelerating AI investment will bolster risk appetite.

US Equities (Mixed)

The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations holding up as the U.S. government shutdown went on for a third day.

The Dow also posted a record closing high, but the Nasdaq ended lower.

The Dow Jones Industrial Average rose 238.56 points, or 0.51%, to 46,758.28, the S&P 500 gained 0.44 points, or 0.01%, to 6,715.79 and the Nasdaq Composite lost 63.54 points, or 0.28%, to 22,780.51.

For the week, the Dow gained 1.1%, the S&P 500 also climbed 1.1% and the Nasdaq rose 1.3%.

US Bond Yield (Flat)

The yield on 10-year Treasuries up more than 1 basis point at 4.14 percent, while the 2-year Treasuries were trading flat at 3.57 percent.

Dollar Index (Up)

With many markets in Asia closed for holidays, the dollar index was last at 98.073, retracing some recent losses. The dollar has weakened steadily against its major peers this year as traders attempt to gauge the economic impact of U.S. President Donald Trump's policies and attacks on the independence of the Federal Reserve.

Asian Currencies (Down)

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

Crude (Rises)

Oil prices rose more than 1% in early trade on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions.

Gold (Gains)

Gold surged past $3,900 an ounce for the first time in early Asian trade on Monday, as safe-haven demand from a U.S. government shutdown added to the momentum from expectations of more Federal Reserve rate cuts.

Fund Flow Action

The Foreign Institutional Investors (FIIs) sold equities of Rs 1583 crore on October 3, while Domestic Institutional Investors (DIIs) purchased equities of Rs 489 crore on the same day.

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.