Top things you must know before the market opens!

Top things you must know before the market opens!

Gaurav Taparia
/ Categories: Trending, Mkt Commentary

The GIFT Nifty is showing an upward trend, signaling a positive opening for the day. Nifty futures are currently trading at 25,887.40.

Pre-Market Update at 8:35 AM: On Friday, Wall Street ended flat, with the Dow and S&P 500 hovering near their record highs from the previous session. The dollar strengthened as investors absorbed the Fed's midweek 50-basis-point rate cut, marking the start of a rate-reducing cycle.

The S&P 500 initially rose by 1 per cent after the news but closed down 0.29 per cent at 5,618.26. The Dow edged up 0.09 per cent to 42,063.36, while the Nasdaq fell 0.36 per cent to end at 17,948.32.

The yield on the US 10-year Treasury gained 76 basis points to 3.74 per cent, while the US 2-year bond yield gained 27 basis points, settling at 3.59 per cent

The GIFT Nifty is showing an upward trend, signaling a positive opening for the day. Nifty futures are currently trading at 25,887.40.

Oil prices edged up in early Monday trading, driven by worries over Middle East tensions affecting supply and hopes that last week's U.S. rate cut will boost demand.

Brent futures rose 42 cents to $74.12 a barrel (Dec ’24), while U.S. crude rose 47 cents to $71.44 a barrel (Nov ’24).

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On September 20, 2024, foreign institutional investors (FII) bought shares worth Rs 14,064 crore, while domestic institutional investors (DII) sold shares worth Rs 4,427 crore.

Stocks that are banned for trading in the F&O segment on September 23, 2024, are AARTIIND, BIOCON, CHAMBLFERT, GNFC, GRANULES, LICHSGFIN, NATIONALUM, OFSS, PNB, RBLBANK, SAIL.

Disclaimer: The article is for informational purposes only and not investment advice. 

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