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

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Indian benchmark indices Sensex and Nifty are likely see a flat to negative start on January 29, following the GIFT Nifty, which was trading marginally lower at around 25,390.

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

Indian equity markets extended their winning streak for the second consecutive session on January 28, supported by buying interest in energy and metal names.

After opening on a positive note, the market advanced further in the first half, with the Nifty testing an intraday high of 25,372.10. However, mid-session profit booking pared most of the gains, but final hour buying helped to close near day's high.

At close, the Sensex was up 487.20 points or 0.60 percent at 82,344.68, and the Nifty was up 167.35 points or 0.66 percent at 25,342.75.

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,390, indicating a flat to negative start for the day.

Asian Equities (Fall)

Asia's runaway stock markets took a breather on Thursday as mixed earnings out of the tech sector stirred caution ahead of Apple's results, while the dollar looked shaky despite verbal support from both U.S. and European officials.

US Equities (Up)

The Nasdaq rose ​slightly with a boost from chip stocks while the S&P 500 closed virtually unchanged on Wednesday as investor reactions were muted after the Federal Reserve ‌kept interest rates unchanged as expected and gave little indication when borrowing costs might fall again.

The Dow Jones Industrial Average rose 12.19 points, or 0.02%, to 49,015.60, the S&P 500 lost 0.57 points, or 0.01%, to 6,978.03 and the Nasdaq Composite gained 40.35 points, or 0.17%, ⁠to 23,857.45.

US Bond Yield (Mixed)

Yields on the 10-year and 2-year US Treasuries were little changed at 4.24% and 3.56%, respectively.

Dollar Index (Down)

The dollar index fell 0.2%, retracing some of the gains made after Treasury Secretary Scott Bessent said the US hadn’t intervened to support the yen and reiterated a strong dollar policy.

Asian Currencies (Mixed)

Asian currencies were trading mixed in the early Thursday trade with Thai Baht leading the losers followed by Philippines Peso, Malaysian Ringgit, Taiwan Dollar.

Crude (Up)

Oil prices rose for a third day on Thursday on increasing concerns the U.S. may carry out a military attack on key Middle Eastern producer Iran that could disrupt supply from the region.

Gold (Gains)

Gold jumped to a record high above $ 5,500 an ounce, extending a breakneck rally fueled by US dollar weakness and investor flight from sovereign bonds and currencies.

Fund Flow Action

After selling equities for fifteen consecutive sessions, foreign institutional investors (FIIs) switched to buying mode on January 28, picking up shares worth Rs 480 crore. At the same time, domestic institutional investors (DIIs) remained strong buyers, investing Rs 3,360 crore in the market.

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

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