First Tick: Here are the top global cues for today’s trade

Indian benchmark indices Sensex and Nifty are likely to see a negative opening on July 29, tracking cues from GIFT Nifty was trading around 24,675 a short while ago this morning.

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

Indian benchmark indices start the week on a negative note, ending lower on the third consecutive session on July 28, with Nifty falling below 24,700 for the first time since June 13.

At close, the Sensex was down 572.07 points or 0.70 percent at 80,891.02, and the Nifty was down 156.10 points or 0.63 percent at 24,680.90. The BSE Midcap index shed 0.7 percent, and the smallcap index fell 1.3 percent.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading marginally lower at around 24,675, indicating a flat to negative start for the day.

Asian Equities (Down)

Asian stocks slipped after a flat session on Wall Street, as investors stayed cautious amid a week packed with economic data and corporate earnings.

US Equities (Mixed)

The S&P 500 edged higher to eke out a record high close for a sixth straight session on Monday, while the Nasdaq also advanced to a closing record in choppy trade as investors gauged the U.S.-EU trade pact and prepared for a week of major market catalysts.

The Dow Jones Industrial Average fell 64.36 points, or 0.14%, to 44,837.56, the S&P 500 gained 1.13 points, or 0.02%, to 6,389.77, and the Nasdaq Composite gained 70.27 points, or 0.33%, to 21,178.58.

US Bond Yield (Down)

The yield on 10-year Treasuries and 2-year Treasuries were trading marginally lower at 4.4 percent and 3.9 percent, respectively, in the early trade on Tuesday.

Dollar Index (Up)

The dollar steadied on Tuesday after climbing the most since May in the prior session.

Asian currencies (Down)

All the Asian currencies were trading lower in the early trade on Tuesday, with the Indonesian Rupiah leading the losers, followed by the Philippines Peso, China Renminbi, Malaysian Ringgit, and South Korean Won.

Crude (UP)

Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce, and President Donald Trump's shorter deadline for Russia to end the Ukraine war.

Gold (Down)

Gold held a decline after the dollar rose the most since May following a tariff deal between the US and the European Union, with investors now focusing on prospects for an extension of a trade truce between Washington and Beijing.

Fund Flow Action

The selling from Foreign institutional investors (FIIs) extended for the sixth day as they sold equities worth Rs 6,082 crore on July 28, while Domestic institutional investors (DIIs) bought equities worth Rs 6,764 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.