--- title: "First Tick: Top global cues to watch in today’s trade" type: "News" locale: "en" url: "https://longbridge.com/en/news/285015421.md" description: "Indian equity benchmarks, BSE Sensex and Nifty 50, are expected to open slightly higher on May 4, as indicated by GIFT Nifty trading at around 24,243. The previous session saw the Sensex down 582.86 points and Nifty down 180.1 points due to geopolitical tensions and rising crude prices. Global markets showed mixed results, with Asian equities rising, US equities mixed, and oil prices easing. FIIs continued selling, while DIIs maintained buying momentum. Traders are advised to monitor developments closely for today's trade." datetime: "2026-05-04T01:34:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285015421.md) - [en](https://longbridge.com/en/news/285015421.md) - [zh-HK](https://longbridge.com/zh-HK/news/285015421.md) --- # First Tick: Top global cues to watch in today’s trade Indian equity benchmarks, BSE Sensex and Nifty 50, are likely to see a marginally higher opening on May 4, as indicated by GIFT Nifty, which is trading in the higher at around 24,243. Track the latest updates on GIFT Nifty right here on Moneycontrol After a sharp surge in the previous session, the Indian equity markets remained under pressure on April 30 weighed down by rising geopolitical tensions and a spike in Brent crude prices to wartime high. At close, the Sensex was down 582.86 points or 0.75 percent at 76,913.50, and the Nifty was down 180.1 points or 0.74 percent at 23,997.55. _Here is how financial markets across the globe fared overnight:_ **GIFT Nifty (Up)** GIFT Nifty was trading lower at around 24,243, indicating a flat to positive start for the Indian equity markets. **Asian Equities (Rise)** Asian shares climbed as strong corporate earnings kept the technology sector buoyant, while oil fluctuated with mixed signals from the Middle East. **US Equities (Mixed)** The S&P 500 and the Nasdaq advanced to record closing highs on Friday, boosted by robust earnings and a dip ​in crude prices, and turning the page on their biggest monthly percentage gains in years. The Dow Jones Industrial Average fell 152.87 points, or 0.31%, to 49,499.27, the ​S&P 500 gained 21.11 points, or 0.29%, ​to 7,230.12 and the Nasdaq Composite gained ⁠222.13 points, or 0.89%, to 25,114.44. **Dollar Index (Flat)** The U.S. dollar index, which measures the greenback's strength against a basket of six currencies, was flat at 98.144 in the early trade on Monday. **US Bond Yield (Flat)** The yield on 10-year Treasuries unchanged at 4.36%, while yield on 2-year Treasuries up nearly 1 basis point at 3.87% **Asian Currencies (Mixed)** Asian currencies showed a mixed performance against the US dollar with Indonesian Rupiah remained largely stable with a marginal gain of 0.052%, while the Japanese Yen also edged higher by 0.013%. The Chinese Renminbi and Malaysian Ringgit posted notable gains of 0.157% and 0.296% respectively.. The Philippines Peso emerged as the top gainer, appreciating by 0.233%. On the other hand, some currencies faced mild pressure. The Thai Baht declined by 0.385%, making it the weakest among the listed currencies for the session. The Singapore Dollar and South Korean Won also saw slight depreciations of 0.031% and 0.003% respectively. **Crude (Slips)** Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace deal kept prices supported above $100. **Gold (Up)** Gold was steady, after a second weekly decline, as traders monitored progress toward a US-Iran deal and President Donald Trump’s plan to start guiding some ships through the Strait of Hormuz. **Fund Flow Action** Foreign Institutional Investors (FIIs) extended their selling streak for the ninth consecutive session on April 30, offloading equities worth more than ₹8,000 crore. In contrast, Domestic Institutional Investors (DIIs) maintained their buying momentum for the sixth straight session, investing ₹3,487 crore in the equity market. Hope you're all set for today's trade. We wish you a profitable day ahead. **Disclaimer** **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. 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