<div id="readability-page-1" class="page"><div>Indian benchmark indices Sensex and Nifty are likely to see a positive start on February 2, tracking gains in GIFT Nifty, which was trading higher at around 24,879.Track the latest updates on GIFT Nifty right here on Moneycontrol.In a volatile Budget-day session on February 1, Indian equity indices ended on a weak note, with the Nifty slipping below 24,600, intraday, after Finance Minister Nirmala Sitharaman, in her Union Budget speech, announced a hike in the Securities Transaction Tax (STT) on equity F&amp;O trading.At close, the Sensex was down 1,546.84 points or 1.88 percent at 80,722.94, and the Nifty was down 495.20 points or 1.96 percent at 24,825.45.Here is how financial markets across the globe fared overnight:GIFT Nifty (Up)The GIFT Nifty is trading higher at around 24,879, indicating a positive start for the day.Asian Equities (Mixed)Asian share markets mostly followed Wall Street futures lower on Monday as chaotic trading in silver made for a nervous start to a week that is packed with corporate earnings, central bank meetings, and major economic data.US Equities (Down)Wall Street's main indexes closed lower on Friday as investors viewed President Donald Trump's nomination of former Federal Reserve Governor Kevin Warsh as a hawkish choice to succeed Federal Reserve Chair ​Jerome Powell, while also digesting earnings reports and a high inflation reading.The Dow Jones Industrial Average fell 179.09 points, or 0.37%, to 48,892.47, the S&amp;P 500 lost 29.98 points, or 0.43%, to 6,939.03, and the Nasdaq Composite lost 223.30 points, or 0.94%, to 23,461.82.US Bond Yield (Up)Yields on the 10-year US Treasury rose nearly 2 basis points to 4.25 percent, while yields on the 2-year Treasury were trading marginally higher at 3.52 percent.Dollar Index (Up)The dollar clung to its gains on Monday as investors weighed what a Federal Reserve under Kevin Warsh might look like, with his preference for a smaller balance sheet.Asian Currencies (Down)Asian currencies were trading lower in the early Monday trade, with the South Korean Won leading the losers, followed by the Malaysian Ringgit, Japanese Yen, and Taiwan Dollar.Crude (Slips)Oil prices fell by nearly 3% on Monday as U.S. President Donald Trump said over the weekend Iran was &#34;seriously talking&#34; with Washington.Gold (Slips)Gold and silver prices were hit by U.S. President Donald Trump’s nomination of Kevin Warsh as U.S. Federal Reserve (Fed) chair.Fund Flow ActionOn February 1, foreign institutional investors (FIIs) sold equities worth Rs 588 crore, while domestic institutional investors (DIIs) also sold shares worth Rs 682 crore.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.</div></div>

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Indian benchmark indices Sensex and Nifty are expected to open positively on February 2, following gains in GIFT Nifty, which is trading at around 24,879. On February 1, Indian equity indices ended lower due to a hike in Securities Transaction Tax announced in the Union Budget. Global markets showed mixed results, with US equities down and Asian currencies lower. Oil and gold prices also slipped. Foreign institutional investors sold equities worth Rs 588 crore, while domestic investors sold shares worth Rs 682 crore. Investors are advised to consult experts before making investment decisions.

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