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

Grade Bbullish AI signal$NIFTY$SENSEX$SPX$NDX$DJI$BRENT$WTI$DXY$XAU
Indian equities could open higher on October 29, with GIFT Nifty up about 55 points at 22,789 in early trade. US stocks advanced after the Federal Reserve held rates steady, while foreign and domestic institutional investors bought Indian equities worth Rs 871 crore and Rs 643 crore, respectively, on October 28. Falling crude prices could support sentiment, but uncertainty over the Fed's next move and elevated oil prices may keep volatility elevated across markets.

Bullish strength: 65/100

  • GIFT Nifty traded about 55 points higher, signaling a potentially positive start for Indian equities.
  • US equity indices advanced after the Federal Reserve held interest rates unchanged.
  • Foreign institutional investors bought Indian equities worth Rs 871 crore, while domestic institutional investors purchased Rs 643 crore.
  • Brent crude fell toward $114 per barrel amid renewed diplomatic efforts in the Middle East.

Bearish strength: 35/100

  • Indian benchmark indices closed lower on October 28, with the Sensex down 0.48% and Nifty down 0.22%.
  • South Korea's Kospi fell 2% amid mixed Asian market performance.
  • Uncertainty over a potential December Fed rate hike could weigh on investor sentiment.
  • Brent crude remained elevated near $114 per barrel following Middle East tensions.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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Commodity Corner: Oil, gold slip as middle east diplomacy, Fed rate outlook weigh on sentiment

Oil and precious metals fell as Middle East diplomatic efforts eased concerns over renewed U.S. strikes on Iran and the Federal Reserve's unchanged rates left its policy outlook uncertain. Brent crude moved toward $114 a barrel and WTI hovered near $102, while spot gold dropped 0.3% to $4,053.90 an ounce after declining 2.5% in October. Oil could face further pressure if geopolitical risk premiums ease, while gold may remain under pressure as uncertainty over potential year-end rate hikes persists.

Asian Stocks Mixed as Investors Digest Fed Decision, Earnings Reports

Asian stocks were mixed after the Federal Reserve held interest rates steady, with Chair Kevin Warsh's comments interpreted by some analysts as slightly dovish despite the possibility of another hike in December. Japan's Nikkei rose 1.0%, while South Korea's Kospi fell 2.1% as Samsung Electronics plunged 5.2% after earnings missed consensus; Treasury yields also declined following the Fed decision. Oil prices remain elevated above $100 a barrel despite a modest pullback, while uncertainty over Fed policy and Middle East tensions could keep global markets volatile.

Gold Remains Volatile After Fed Decision

Gold remained volatile near $4,060 an ounce after the Federal Reserve held interest rates steady but signaled uncertainty over its next policy move. Two Fed officials dissented in favor of a 25-basis-point hike, reinforcing expectations for a possible December increase as elevated oil prices sustain inflation concerns. Gold could face further downside pressure if upcoming PCE inflation data strengthens expectations for higher rates, while Middle East tensions and policy uncertainty may support safe-haven demand.

Oil prices fall as peace hopes offset fears of growing Middle East conflict

Oil prices fell as renewed hopes for US-Iran peace negotiations eased immediate supply-disruption fears, despite escalating attacks across the Middle East. Brent crude dropped 0.7% to $114.50 a barrel, while WTI fell 1.0% to $101.74, as diplomatic efforts competed with persistent regional security risks. Crude prices could face further downside if peace talks advance, but renewed attacks or threats to key oil infrastructure may reignite supply fears and limit losses.