Indian benchmark indices are likely to open on a weak note on October 27. The GIFT Nifty is down about 110 points at 22,663.50 in early trade. On October 26, Indian equity markets ended higher, with the Sensex up 482.92 points. Global cues remain mixed as investors watch these market movements.

Indian benchmark indices are likely to open on a weak note on October 27, tracking GIFT Nifty, which is down about 110 points at 22,663.50 in early trade.

Track the latest updates on GIFT Nifty right here on Moneycontrol

Indian equity markets ended higher on October 26, snapping a four-day losing streak, with the Nifty closing above 22,700 led by Pharma, Metal, Oil & Gas stocks.

At close, the Sensex was up 482.92 points or 0.66 percent at 73,606.75, and the Nifty was up 153.20 points or 0.68 percent at 22,753.20.

The broader markets outperformed sharply, with the Nifty Midcap index adding 1.2% and Smallcap index gaining 1.4%.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

GIFT Nifty was trading lower at around 22,663.50 in early trade, indicating a weak opening for the domestic equity markets.

Asian Markets (Gain)

Asian indices were trading higher in the early trade on Tuesday, with Kospi up 1 percent.

Japanese stocks also advanced, boosted by gains in the tech sector, where sentiment was fueled by Anthropic’s IPO filing in the US.

US Equities (Up)

US stocks closed higher on Monday, with the S&P 500 and ​Nasdaq coming off consecutive weekly declines, as Anthropic's IPO filing helped boost sentiment in AI-related stocks in a week filled with a host of ‌market catalysts.

Anthropic disclosed steep losses and red-hot revenue growth in its filing for a US initial public offering, laying out its ambition to build AI systems capable of reshaping the global economy despite the high costs of developing the technology.

The Dow Jones Industrial Average rose 146.42 points, or 0.28%, to 52,361.58, the S&P 500 gained 53.09 points, ​or 0.70%, to 7,676.77 and the Nasdaq Composite gained 214.04 points, or 0.83%, to 26,169.38.

Dollar Index (Up)

The US dollar index, which measures the currency against six peers, was trading higher at 102 in the early trade on Tuesday.

US Bond Yield (Flat)

Yields on 10-year Treasuries and 2-year Treasuries were up marginally at 4.99 percent and 4,71 percent, respectively.

Asian Currencies (Mixed)

Asian currencies traded mixed against the US dollar, with the Indonesian rupiah leading losses, down 0.30 percent, followed by the Japanese yen, which fell 0.15 percent. The South Korean won declined 0.08 percent, while the Singapore dollar and Philippine peso slipped 0.05 percent and 0.04 percent, respectively.

On the other hand, the Taiwan dollar gained 0.11 percent, while the Chinese renminbi and Malaysian ringgit rose 0.03 percent and 0.02 percent, respectively. The Thai baht edged up 0.01 percent.

Crude (Down)

Oil prices edged lower on Tuesday as the potential for a resolution in the US-Israeli war on Iran kept supply fears at bay, but Brent stayed close to six-month highs as attacks on Saudi Arabia lowered hopes of immediate stability in the region.

Brent crude futures fell 66 cents, or 0.57%, to $115.15 a barrel, while US West Texas Intermediate crude fell 44 cents, or 0.43%, to $101.32.

Gold (Flat)

Gold held near $4,000 an ounce as traders prepared for a Federal Reserve decision this week that’s expected to keep interest rates steady.

Bullion was little changed, having added 0.5% in the previous session.

Fund Flow Action

Foreign institutional investors (FIIs) remained net sellers on October 26, offloading Rs 1,462 crore in equities. Meanwhile, domestic institutional investors (DIIs) continued their buying streak for the tenth consecutive session, purchasing equities worth Rs 2,609 crore.

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