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

Asian stocks rose on Friday as a plan for Donald Trump and Xi Jinping to meet eased nerves around a trade war.

Indian benchmark indices Sensex and Nifty are likely to open higher on October 24, with cues coming from GIFT Nifty, which was trading higher around 26,034.50.

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

Market erased most of the intraday gains, ending marginally higher amid final hour profit booking. However, the winning run continued on sixth consecutive session on October 23 amid hopes over the US-India trade deal.

At close, the Sensex was up 130.06 points or 0.15 percent at 84,556.40, and the Nifty was up 22.80 points or 0.09 percent at 25,891.40. BSE Midcap index down marginally, while smallcap index shed 0.4%.

GIFT Nifty (Rises)

The GIFT Nifty is trading higher at around 26,034.50, indicating a higher opening for the day.

Asian Equities (Up)

Asian stocks rose on Friday as a plan for Donald Trump and Xi Jinping to meet eased nerves around a trade war.

US Equities (Down)

Wall Street advanced on Thursday as investors mulled a mixed batch of corporate earnings and shifting geopolitical concerns.

All three major U.S. stock indexes closed higher, with tech strength nudging the Nasdaq into the lead. But the small-cap Russell 2000 (.RUT), opens new tab was the clear outperformer.

The Dow Jones Industrial Average rose 144.20 points, or 0.31%, to 46,734.61, the S&P 500 gained 39.03 points, or 0.58%, to 6,738.43 and the Nasdaq Composite gained 201.40 points, or 0.89%, to 22,941.80.

Dollar Index (Flat)

The U.S. dollar was steady on Friday, poised to eke out a small weekly gain against major rivals as investors braced for delayed inflation data that is unlikely to deter the Federal Reserve from lowering interest rates next week.

US Bond Yield (Flat)

The yields on US 10-year Treasury trading with little change at 4 percent, while US 10-year Treasury yield remained unchanged at 3.48.

Asian Currencies (Mixed)

Indonesian Rupiah, Singapore Dollar, Thai Baht, Japanese Yen were trading lower, while South Korean Won, Philippines Peso, China Renminbi, Malaysian Ringgit were trading with little gain.

Crude (Slips)

U.S. crude futures eased in early trade on Friday, trimming part of the previous day's surge but remaining on track for a weekly gain, as fresh U.S. sanctions on Russia's two biggest oil companies over the war in Ukraine fuelled supply concerns.

Gold (Gains)

Gold prices rose 0.4% to $4,136.58 an ounce in the early trade on Friday.

Fund Flow Action

After remaining net buyers in the previous five sessions, the Foreign Institutional Investors (FIIs) sold equities of Rs 1165 crore on October 23, while Domestic Institutional Investors (DIIs) purchased equities of Rs 3893 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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