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

The GIFT Nifty is trading marginally higher at around 26,310.50, indicating a muted start for the day.

• Indian equity indices closed flat as midday profit booking trimmed early gains.
• GIFT Nifty traded marginally higher, indicating a muted start for the day
• Gold and silver advanced, building on strong annual performances

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The Indian equity indices are likely to see a flat to positive start on January 2, with cues coming from GIFT Nifty, which was trading marginally higher at around 26,310.50.

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

The Indian equity indices started 2026 on a positive note, extending the previous session's gains amid buying across the sectors barring FMCG, pharma. However, midday profit booking trimmed much of the early gains to close on a flat note.

At close, the Sensex was down 32 points or 0.04 percent at 85,188.60, and the Nifty was up 16.95 points or 0.06 percent at 26,146.55. The BSE midcap index rose 0.3 percent, while smallcap index ended flat.

GIFT Nifty (Rises)

The GIFT Nifty is trading marginally higher at around 26,310.50, indicating a muted start for the day.

Asian Equities (Up)

Asian markets were trading firm in the early trade, while several markets remained shut including Japan.

US Equities (Shut)

US stocks markets closed on Thursday for New Year's Day.

Dollar Index (Down)

The U.S. dollar made a feeble start to 2026 on Friday after struggling against most currencies last year, while the yen steadied near 10-month lows as traders awaited economic data this month to gauge the path of interest rates.

Asian Currencies (Up)

Asian currencies were trading mostly higher in the early Friday trade, while on month-on-month basis with China Renminbi leading the gainers, followed by South Indian Won, China Renminbi, Malaysian Ringgit, Thai Baht gained more than 1 percent each.

Crude (Flat)

Oil steadied on the first trading day of 2026 after its biggest annual drop since 2020, as traders weighed an upcoming OPEC+ meeting and geopolitical concerns.

Gold (Gains)

Gold and silver advanced as trading in 2026 kicked off, building on their best annual performances since 1979. Bullion rose toward $4,350 an ounce, as silver gained more than 1%.

Fund Flow Action

Foreign Institutional Investors (FIIs) sold equities worth Rs 3268 crore on January 1, while Domestic Institutional Investors (DIIs) bought equities of Rs 1525 crore, on same day.

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

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