First Tick: Top global cues to watch in today’s trade
Indian benchmark indices Sensex and Nifty are likely to see a strong start today, with cues coming from GIFT Nifty, which was trading higher around 25,957.50.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Indian equity markets climbed to 52-week high, with benchmarks extending their winning run on third consecutive session on October 17. The BSE Sensex crossed 84,000 for the first time since June 30, 2025, while Nifty index crossed 25,700 for the first time since October 1, 2024, led by buying in autos, consumer durables, FMCG and banking heavyweights.
At close, the Sensex was up 484.53 points or 0.58 percent at 83,952.19, and the Nifty was up 124.55 points or 0.49 percent at 25,709.85. BSE midcap and smallcap indices shed 0.4% each.
Here is how financial markets across the globe fared overnight:
GIFT Nifty (Up)
The GIFT Nifty is trading higher at around 25,957.50, indicating a strong start for the day.
Asian Equities (Up)
Asian share markets pushed higher on Monday amid optimism on earnings as reporting season gets into full swing, while a reading on U.S. inflation is expected to be no more than a speed bump on the way to further rate cuts.
US Equities (Up)
Wall Street ended higher on Friday as investors assessed U.S. President Donald Trump's latest remarks on China, while quarterly results from regional banks eased concerns about credit risks.
The S&P 500 climbed 0.53% to end the session at 6,664.01 points.
The Nasdaq gained 0.52% to 22,679.98 points, while the Dow Jones Industrial Average rose 0.52% to 46,190.61 points.
Dollar Index (Gains)
The dollar index was trading higher against the other major currencies in the early trade on Monday.
US Bond Yield (Flat)
The yields on US 10-year Treasury and US 10-year Treasury was up marginally at 4.01 percent and 3.41 percent, respectively.
Asian Currencies (Gain)
Asian currencies were trading mostly higher in the opening trade on Monday with Thai Baht leading the gainers followed by Malaysian Ringgit, Taiwan Dollar, Singapore Dollar, Philippines Peso.
Crude (Slips)
Oil prices dipped on Monday, pressured by worries over a global glut as escalating U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand.
Gold (Up)
Gold and silver prices were up marginally in the early trade on Monday.
Fund Flow Action
The Foreign Institutional Investors (FIIs) continued their buying on third consecutive day as they purchased equities of Rs 309 crore on October 17, while Domestic Institutional Investors (DIIs) also bought equities of Rs 1526 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.