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

Fresh updates from the financial markets indicate that Indian key market indices are likely to see a gap-down start on September 24, tracking GIFT Nifty, which was trading softer at around 23,278 in early session.

Track the latest updates on GIFT Nifty right here on Moneycontrol

Indian equity indices rebounded on September 23, with the Nifty reclaiming the 23,400-mark, led by broad-based buying across sectors, barring IT stocks.

Despite mixed global cues, the market opened elevated and extended upside through the session, supported by buying in metal, realty and FMCG stocks. The continued slide in crude prices for a sixth straight session additionally aided sentiment, while selling pressure in IT stocks capped the upside.

At close, the Sensex was up 299.17 points or 0.40 percent at 74,828.25, and the Nifty was up 117.80 points or 0.50 percent at 23,446.80.

Broader markets snapped a two-day losing streak, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.7% and 0.9%, respectively.

Here is how financial markets across the globe fared overnight:

GIFT Nifty was trading softer at around 23,278 in early session, signalling a weak opening for the domestic equity markets.

Asian stocks were trading mixed in the early session on Thursday.

The Nikkei stock benchmark advanced after a three-day holiday as Tokyo’s market caught up with a global AI-

led surge. Climbing bond yields and a climb in crude prices weighed on broader risk appetite, that stated.

Wall Street ended softer on Wednesday, pulled down by Alphabet and Amazon, as Treasury yields advanced and Iran's president stated Tehran would never surrender ​to US pressure.

Crude prices rose almost 4%, and the S&P 500 energy sector index rallied after Iranian President Masoud ‌Pezeshkian's speech at the UN, a day after US President Donald Trump warned he could "annihilate" Iran.

The S&P 500 declined 0.75% to end the session at 7,706.05 points.

The Nasdaq declined 1.13% to 26,936.04 points, while the Dow Jones Industrial Average declined 0.68% to 51,511.59 points.

The dollar index was trading with marginal upside against the other major currencies.

Global bonds extended their selloff after robust economic data and weak demand at a debt auction pushed Treasury yields across much of the curve to their highest marks in almost two decades. Bets on further The US central bank interest-

rate hikes increased.

Government bonds in Japan, Australia and New Zealand all retreated after yields on the US 10-year surged 15 basis points to 5.11% — the biggest one-day gain since the market turmoil triggered by President Donald Trump’s April 2025 tariff announcement.

That stated, the 2-year Treasuries were trading marginally softer at 4.89.

Asian currencies traded mixed against the US dollar, with the Indonesian Rupiah emerging as the top gainer, rising 0.37% from the previous close. The Japanese Yen additionally strengthened 0.285%, while the South Korean Won declined 0.336%, making it the weakest performer in the region.

The Philippines Peso eased 0.172%, while the Chinese Renminbi declined 0.171%. The Malaysian Ringgit and Taiwan Dollar declined 0.191% and 0.22%, respectively. The Singapore Dollar and Thai Baht were largely stable, easing 0.023% and 0.021%.

Crude prices edged softer on Thursday, after climbing 4% in the previous session, as Iran stated it remained open to diplomacy to end the US-Iran war, though the two countries stay far apart on ways to do so.

Brent crude futures declined 94 cents, or 0.9%, to $102.13 a barrel, while West Texas Intermediate futures eased 59 cents, or 0.7%, to $91.56.

Gold held a slide as resurgent energy prices and stronger-than-anticipated US economic data increased bets the The US central bank might again raise interest rates to combat inflation.

Bullion was trading around $4,290 an ounce, after falling 1.7% the day before.

Foreign institutional market participants (FIIs) snapped their two-day selling streak and turned net buyers, purchasing equities worth ₹1,600 crore on September 23. Domestic institutional market participants (DIIs) continued their buying backing, acquiring equities worth ₹2,341 crore during the session.

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