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

Last week, BSE Sensex and Nifty added 1.5% each.

Indian equity benchmarks Sensex and Nifty are expected to begin February 9 with gap-up, following gains in GIFT Nifty, which was trading around 25,940.50.

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

Indian equity indices erased part of the previous session’s losses in a volatile session on February 6, with the Nifty trading near 25,700 after the central bank’s policy decision came in line with expectations.

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided unanimously to maintain status quo on the repo rate at 5.25% on February 6 and retained stance at neutral.

At close, the Sensex was up 266.47 points or 0.32 percent at 83,580.40, and the Nifty was up 50.90 points or 0.20 percent at 25,693.70.

For the week, BSE Sensex and Nifty added 1.5% each.

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,940.50, indicating a strong start for the day.

Asian Equities (Gains)

Asian stocks rose at open as investors took cues from a Wall Street rally on Friday, following a volatile week driven by concern over valuation in technology stocks.

US Equities (Up)

The Dow Jones Industrial Average surged to close above the 50,000 mark for the first time on Friday, a historic moment for the blue-chip index that has outperformed its Wall Street peers this year as investors sought names beyond technology.

The index rose 1,206.95 points, or 2.47%, on Friday to finish at 50,115.67. The Dow is now up 4.3% for the year so far compared with a 1.3% gain for 2026 in the S&P 500 and a 0.9% decline for the year so far in the Nasdaq.

US Bond Yield (Up)

The yields on 10-year Treasury and 2-year Treasury up marginally in the early Monday trade.

Dollar Index (Flat)

The U.S. dollar index, which measures the greenback's strength against a basket of six currencies, was last flat at 97.54, at the start of a week that will see the release of several key data releases, including retail sales, inflation and Wednesday's delayed jobs report.

Asian Currencies (Up)

Except Indonesian Rupiah, South Korean Won, all other Asian currencies were trading higher in the early trade on Monday.

Crude (Slips)

Oil prices dropped more than 1% at Monday's open as concerns about a possible conflict in the Middle East between the U.S. and Iran eased after both countries finished a round of talks on Friday.

Gold (Gains)

Gold advanced above $ 5000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals.

Fund Flow Action

On February 6, foreign institutional investors (FIIs) bought equities worth ₹ 1950 crore. In contrast, domestic institutional investors (DIIs) sold equities worth over ₹1265 crore.

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

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