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

Indian benchmark indices Sensex and Nifty are likely to open on a negative note on September 26, tracking GIFT Nifty, which was hovering around 24,896.50.

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

Indian equity indices fell on the fifth consecutive session on September 25, with Nifty finishing below 24,900 amid selling seen across the sectors, barring metals.

At close, the Sensex was down 555.95 points or 0.68 percent at 81,159.68, and the Nifty was down 166.05 points or 0.66 percent at 24,890.85. BSE Midcap and Smallcap indices down 0.7% each.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 24,896.50, indicating a negative start for the day.

Asian Equities (Mixed)

Asian stocks retreated after concerns about lofty valuations and mixed signals from Federal Reserve officials on rate cuts stalled a record-breaking rally on Wall Street.

US Equities (Slip)

US stocks ended moderately lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve.

The Dow Jones Industrial Average fell 173.96 points, or 0.38%, to 45,947.32, the S&P 500 lost 33.25 points, or 0.50%, to 6,604.72 and the Nasdaq Composite lost 113.16 points, or 0.50%, to 22,384.70.

US Bond Yield (Flat)

The yield on 10-year Treasuries and 2-year Treasuries were unchanged at 4.16 percent and 3.64 percent, respectively.

Dollar Index (Down)

The dollar held on to steep gains on Friday after better-than-forecast U.S. data dampened expectations for further easing by the Federal Reserve this year.

Asian currencies (Down)

All the Asian currencies were trading lower in the early Friday trade with Philippines Peso leading the losers followed by Indonesian Rupiah, Malaysian Ringgit, South Korean Won, Taiwan Dollar.

Crude (Gains)

Oil prices edged up on Friday, on track to rise at their steepest rate since early June as Ukraine's attacks on Russia's energy infrastructure push Moscow to restrict fuel exports and close to cutting crude output.

Gold (Slips)

Gold edged lower on Friday after stronger-than-expected U.S. economic data cast doubt on the Federal Reserve's rate cut outlook, bolstering the dollar ahead of a key U.S. inflation report due later in the day.

Fund Flow Action

The Foreign institutional investors (FIIs) continued their selling on their fourth consecutive session on September 25 as they sold equities worth Rs 4995 crore, while Domestic institutional investors (DIIs) bought equities of over Rs 5000 crore on the same day.

Hope you're all set for today's trade. We wish you a profitable day ahead.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.