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

Market Today

Indian equity benchmarks Sensex and Nifty are likely to open higher on February 10, tracking gains in GIFT Nifty, which was trading around 25,984.50.

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

Indian benchmark indices extended gains from the previous session, supported by positive global cues and broad-based buying across sectors, after the announcement of an interim trade framework with the US that includes a reduction in reciprocal tariffs to 18 percent on several Indian goods.

At close, the Sensex was up 485.35 points or 0.58 percent at 84,065.75, and the Nifty was up 173.60 points or 0.68 percent at 25,867.30.

GIFT Nifty (Up)

GIFT Nifty was trading higher at around 25,984.50, indicating a positive opening for the day.

Asian Equities (Up)

Asian equities rose on Tuesday as a recovery in US tech stocks gathered momentum after last week’s selloff tied to concerns over massive spending on artificial intelligence.

US Equities (Rise)

The S&P 500 and the Nasdaq rose solidly after a shaky start on Monday, as technology stocks found their footing following last week's AI-sparked selloff, while investors waited for key economic data that could shed light on the Federal Reserve's interest-rate path.

While the Dow notched its second closing record in a row with a small gain, the S&P 500 ultimately finished short of its closing record.

After surpassing 50,000 points for the first time on Friday, the Dow Jones Industrial Average rose 20.20 points, or 0.04%, to 50,135.87. The S&P 500 gained 32.52 points, or 0.47%, to 6,964.82, and the Nasdaq Composite gained 207.46 points, or 0.90%, to 23,238.67.

The Nasdaq finished 3% below its latest record closing high, reached in November, while the S&P 500 was just out of reach of its last record close of 6978.60 reached on January 27.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were little changed at 4.19% and 3.48%, respectively.