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

Market Today

Indian equity benchmarks Sensex and Nifty are expected to begin February 6 on a weak note, following losses in GIFT Nifty, which was trading around 25,582.50.

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

Indian benchmark indices snapped a three-day winning streak and ended lower, with the Nifty slipping below the 25,650 mark. The Sensex fell 503.76 points, or 0.60 percent, to close at 83,313.93, while the Nifty declined 133.20 points, or 0.52 percent, to settle at 25,642.80. Market breadth remained weak, as about 1,601 shares advanced, 2,425 declined, and 137 remained unchanged.

GIFT Nifty (Slips)

The GIFT Nifty is trading lower at around 25,582.50, indicating a weak start for the day.

Asian Equities (Fall)

Asian stocks extended losses into a second day in early trading on Friday as a selloff on Wall Street intensified, with precious metals and cryptocurrencies gripped by wrenching volatility.

US Equities (Down)

Wall Street ended sharply lower on Thursday, with the Nasdaq dragged to its lowest since November by losses in Microsoft, Amazon and other tech heavyweights after Alphabet said it could double capital spending on AI in the race to dominate the emerging technology.

The S&P 500 declined 1.23% to end the session at 6,798.40 points. The Nasdaq declined 1.59% to 22,540.59 points, while the Dow Jones Industrial Average declined 1.20% to 48,908.72 points.

US Bond Yield (Mixed)

The weak sentiment pushed investors toward Treasuries, sending two-year yields to the lowest in almost a month during New York trading. Treasuries stabilized during Asian hours with the yield on the benchmark 10-year trading at around 4.18% on Friday.

Dollar Index (Flat)

The U.S. dollar steadied near a two-week high on Friday, poised for its strongest weekly performance since November as a rout in stocks driven by AI-spending concerns rattled investors, while the yen firmed ahead of a national election on Sunday.

Asian Currencies (Mixed)

Asian currencies were trading mixed in the early trade on Friday with South Korean Won lading the losers followed by Indonesian Rupiah, Malaysian Ringgit, Thai Baht, Taiwan Dollar.

Crude (Declines)

U.S. crude futures extended their decline on Friday, on track for their first weekly drop in weeks, as concerns of supply disruption in the Middle East eased with investors focusing on the outcome of U.S.-Iran nuclear talks in Oman later in the day.

Gold (Slips)

Gold and silver extended losses on Friday as a global rout in tech equities and a stronger U.S. dollar wiped out most gains made by the metals during a brief rebound earlier this week.

Fund Flow Action

On February 5, foreign institutional investors (FIIs) remained net sellers, offloading equities worth ₹2,150 crore. In contrast, domestic institutional investors (DIIs) extended their buying streak for a fourth straight session, purchasing equities worth over ₹1,100 crore.

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

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