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

Indian benchmark indices are expected to open with a negative bias on January 30, tracking weaker cues from the global markets and lower GIFT Nifty futures, which were trading in the red.

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

Indian benchmark indices staged a smart rebound from intraday lows on January 29 to end with marginal gains in a volatile session, after the Economic Survey projected GDP growth of 6.8–7.2% for FY27, compared with an estimated 7.4% expansion in the current fiscal.

At close, the Sensex was up 221.69 points or 0.27 percent at 82,566.37, and the Nifty was up 76.15 points or 0.30 percent at 25,418.90.

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,453, indicating a negative opening for the day.

Asian Equities (Gain)

Stocks were volatile in early Asian trading on Friday after U.S. President Donald Trump endorsed a bipartisan deal to avert a fresh government shutdown and said he has decided who he will nominate to lead the Federal Reserve.

US Equities (Mixed)

The S&P 500 and the technology-heavy Nasdaq closed lower on Thursday ​as investors were rattled by the latest earnings reports and worried about whether hefty spending on artificial intelligence would pay off for mega‑cap tech companies.

The Dow Jones Industrial Average managed to eke out a tiny gain late in the session, rising 55.96 points, ‍or 0.11%, to 49,071.56. The S&P 500 closed well above its session low but still ended the day down 9.02 points, or 0.13%, at 6,969.01.

US Bond Yield (Up)

Yields on the 10-year Treasury up 3 basis points at 4.26 percent, while the yields on 2-year US Treasuries were up marginally at 3.56 percent.

Dollar Index (Gains)

President Trump’s comments that he plans to announce his nomination for the next Fed chair have helped to support the US dollar as it climbs ~0.4% against the yen, euro and other major peers.

Asian Currencies (Slip)

Asian currencies were trading lower in the early trade on Friday with Thai Baht leading the losers followed by Japanese Yen, Malaysian Ringgit, Singapore Dollar.

Crude (Down)

Oil prices are headed for their biggest monthly gains in years on Friday as tensions in the Middle East escalated over a possible U.S. attack on Iran that could disrupt supplies from one of the biggest OPEC producers.

Gold (Down)

Gold prices fell on Friday, pressured by a firmer dollar, but were set for their biggest monthly gain since 1980 as investors piled into the safe-haven metal amid persistent geopolitical and economic uncertainties.

Fund Flow Action

On January 29, foreign institutional investors (FIIs) sold shares worth Rs 393 crore, while domestic institutional investors (DIIs) purchased equities of Rs 2638 crore in the market.

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

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