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The GIFT Nifty is trading lower, signalling a weak start for the day. Nifty futures were at 24,739.
Market Update at 8:20 AM: The Dow Jones Industrial Average rose on Thursday, marking its fourth record close in five sessions, driven by stronger-than-expected retail sales signalling a robust U.S. consumer and an optimistic forecast from TSMC boosting chipmaker stocks.
The S&P 500 slipped slightly by 1 point, or 0.02 per cent, to 5,841.47, while the Nasdaq Composite gained 6.53 points, or 0.04 per cent, closing at 18,373.61. The Dow climbed 161.35 points, or 0.37 per cent, to finish at 43,239.05.
The GIFT Nifty is trading lower, signalling a weak start for the day. Nifty futures were at 24,739.
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The US 10-year Treasury yield declined by 10 basis points to 4.08 per cent, while the 2-year bond yield dropped by 27 basis points to 3.96 per cent.
Crude oil futures edged up on Friday, boosted by an unexpected decline in U.S. oil inventories and ongoing Middle East tensions. However, prices were on track for their largest weekly loss in over a month due to concerns about reduced demand.
On October 17, 2024, foreign institutional investors (FII) sold shares worth Rs 7,421.40 crore, while domestic institutional investors (DII) bought shares worth Rs 4,979.83 crore.
Stocks that are banned for trading in the F&O segment on October 18, 2024, are BANDHANBNK, CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, IDFCFIRSTB, IEX, LTF, MANAPPURAM, NATIONALUM, PNB, RBLBANK, SAIL and TATACHEM.
Disclaimer: The article is for informational purposes only and not investment advice.