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

Asian shares rose after a renewed wave of buying in companies linked to the artificial-intelligence boom sent Wall Street benchmarks to new peaks

Indian benchmark indices Sensex and Nifty are likely to see a flat to positive start on October 9, with cues from GIFT Nifty, which was trading near 25,131.

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

Amid volatility, the Indian equity indices ended lower, snapping four-day gaining streak on October 8 with Nifty closing below 25,100 amid selling across the sectors barring IT and consumer durables.

At close, the Sensex was down 153.09 points or 0.19 percent at 81,773.66, and the Nifty was down 62.15 points or 0.25 percent at 25,046.15. BSE Midcap index shed 0.7% and Smallcap indices declined 0.4%.

The GIFT Nifty is trading marginally higher at around 25,131, indicating a positive start for the day.

Asian shares rose after a renewed wave of buying in companies linked to the artificial-intelligence boom sent Wall Street benchmarks to new peaks.

Technology shares boosted U.S. stocks to a higher close on Wednesday as investors, lacking economic data during the government shutdown, looked to minutes from the Federal Reserve's most recent policy meeting for clues to the outlook for interest rates.

The tech-laden Nasdaq enjoyed the biggest percentage gain, boosted by the artificial intelligence-related megacaps that have led market gains so far this year.

The S&P 500 and the Nasdaq notched all-time closing highs, while the Dow ended essentially flat.

The Dow Jones Industrial Average fell 1.20 points, or 0.00%, to 46,601.78, the S&P 500 gained 39.13 points, or 0.58%, to 6,753.72 and the Nasdaq Composite gained 255.02 points, or 1.12%, to 23,043.38.

The yield on 10-year Treasuries and 2-year Treasuries were down marginally at 4.1 percent and 3.57 percent, respectively.

The dollar held steady on Thursday, on track for its best week in nearly a year, buoyed by a weak yen that has struggled on the back of a change of guard in Japan's ruling party.

Asian currencies were trading mostly higher in the early Thursday trade with Taiwan Dollar leading the gainers followed by Singapore Dollar, South Korean Won, Japanese Yen, Malaysian Ringgit.

Oil edged lower on a peace deal in the Middle East.

Gold dipped after peaking at an all-time high above USD 4,000 an ounce on Wednesday, following a torrid rally that’s left prices vulnerable to pullbacks amid signs that the precious metal is trading at overheated levels.

The Foreign Institutional Investors (FIIs) extended their buying on second day on October 8, as they bought equities of Rs 81 crore, while Domestic Institutional Investors (DIIs) purchased equities of Rs 329 crore on the same day.

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