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

Benchmark indices extended the losing streak for a fourth session on September 24, as Nifty 50 slipped below 24,100 on all-around selling except the FMCG space.

Indian benchmark indices Sensex and Nifty are likely to see a negative start on September 25,  tracking GIFT Nifty, which was hovering around 25,061.

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

Benchmark indices extended the losing streak for a fourth session on September 24, as Nifty 50 slipped below 24,100 on all-around selling except the FMCG space.

At close, the Sensex was down 386.47 points or 0.47 percent at 81,715.63, and the Nifty was down 112.60 points or 0.45 percent at 25,056.90. The BSE midcap index shed nearly 0.9% and the smallcap index was down 0.5%.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,061, indicating a lower start for the day.

Asian Equities (Mixed)

Asian stocks traded in a tight range at the open after losses on Wall Street as signs of fatigue crept into the AI-fueled equity rally.

US Equities (Down)

US stocks closed lower for a second straight session on Wednesday, as investors booked profits with indexes near record levels after Federal Reserve Chair Jerome Powell flagged potentially stretched stock prices and ahead of a reading on inflation later in the week.

The Dow Jones Industrial Average fell 171.50 points, or 0.37%, to 46,121.28, the S&P 500 lost 18.94 points, or 0.28%, to 6,637.98 and the Nasdaq Composite lost 75.62 points, or 0.33%, to 22,497.86.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were down marginally at 4.13 percent and 3.59 percent, respectively.

Dollar Index (Flat)

The U.S. dollar was steady on Thursday, holding its overnight gains, as traders weighed the prospect of a measured Fed easing cycle in the wake of a cautious tone from policymakers while awaiting data that may outline the impact of tariffs.

Asian currencies (Mixed)

Asian currencies were trading mixed in the early trade on Thursday. However, on a year-to-date basis, except the Indonesian Rupiah, all other currencies gained up to 7 percent.

Crude (Slips)

Oil prices edged down as investors booked profits after a jump to a seven-week high during the prior session on a surprise drop in U.S. weekly crude inventories and concerns Ukraine’s attacks on Russia's energy infrastructure could disrupt supplies.

Gold (Flat)

Gold held a decline — but remained near an all-time high — as traders weighed positive US economic data and divergent views from Federal Reserve officials this week, which clouded the path for interest-rate cuts.

Fund Flow Action

The Foreign institutional investors (FIIs) extended their selling on their third consecutive session on September 24 as they sold equities worth Rs 2425 crore, while Domestic institutional investors (DIIs) extended their buying as they bought equities worth Rs 1211 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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