Key things to know before the market opens!
The GIFT Nifty was trading below the previous close of Nifty futures, indicating a likely negative opening for Indian headline indices.
Pre-Market Update at 8:30 AM: Wall Street indices had a mixed start to the week. The Dow Jones Industrial Average reached a record close with a considerable gain of 0.16 per cent, while the Nasdaq Composite and S&P 500 declined by 0.85 per cent and 0.32 per cent, respectively, as investors opted to book profits following a strong uptrend in recent sessions.
All major Asian indices were in the red today, with the China’s Shenzhen Component Index leading the losses, down more than 1 per cent. The GIFT Nifty was trading below the previous close of Nifty futures, indicating a likely negative opening for Indian headline indices.
Oil prices surged around 3 per cent on Monday, driven by investor concerns over supply following reports of escalating conflict in the Middle East and production cuts in Libya.
The U.S. dollar surged from an eight-month low, while the yen strengthened against most currencies, as escalating geopolitical tensions in the Middle East drove investors towards safe-haven assets.
On August 26, both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) were net buyers, with FIIs purchasing shares worth Rs 483 crore and DIIs making a significant inflow of Rs 1,870 crore.