Top things you must know before the market opens!
The GIFT Nifty is trading slightly higher, suggesting a flat to mildly positive opening for the markets. Nifty futures are currently at 24,794.
Market Update at 8:00 AM: U.S. stocks saw slight declines but remained close to record levels ahead of a key jobs report. This pullback followed a day of record-high closes for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, buoyed by optimistic comments from Federal Reserve Chair Jerome Powell.
The Dow fell 0.55 per cent to 44,765, the S&P 500 dropped 0.19 per cent to 6,075, and the Nasdaq slipped 0.18 per cent to 19,700. Meanwhile, Treasury yields showed minimal movement in early Friday trading, reflecting cautious market sentiment.
The GIFT Nifty is trading slightly higher, suggesting a flat to mildly positive opening for the markets. Nifty futures are currently at 24,794.
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Oil prices edged lower during early Asian trading on Friday, as concerns over weak demand weighed on the market. This followed OPEC+ postponing planned supply increases and extending significant production cuts through the end of 2026.
On December 5, 2024, foreign institutional investors (FII) bought shares worth Rs 8,539.91 crore, while domestic institutional investors (DII) sold shares worth Rs 2,303.64 crore.
Stocks that are banned for trading in the F&O segment on December 06, 2024, are Granules India and Manappuram Finance.
Disclaimer: The article is for informational purposes only and not investment advice.