Top things you must know before the market opens!

The GIFT Nifty is trading firm, indicating a flat to positive start for the day. Nifty futures were trading at 24,698.60.

Pre-Market Update at 7:50 AM: Wall Street's primary indexes ended Monday's session in the red, with a decline in AI giant Nvidia exerting pressure on technology stocks. Investors remained cautious ahead of a significant inflation report scheduled for release later this week.

Nvidia saw a drop of 2.5 per cent after China's market regulator initiated an investigation into the company for alleged antimonopoly law violations. This development weighed on the information technology sector, which slipped 0.45 per cent.

The Dow Jones Industrial Average declined by 240.59 points, or 0.54 per cent, to close at 44,401.93. Similarly, the S&P 500 fell by 37.42 points, or 0.61 per cent, ending at 6,052.85, while the Nasdaq Composite retreated 123.08 points, or 0.62 per cent, to settle at 19,736.69.

The GIFT Nifty is trading firm, indicating a flat to positive start for the day. Nifty futures were trading at 24,698.60.

The U.S. 10-year Treasury yield stands at 4.197 per cent, while the 2-year bond yield at 4.126 per cent.

Brent crude edged closer to $72 per barrel, while WTI surpassed $68, supported by China's shift toward a “moderately loose” monetary policy to spur growth. Geopolitical uncertainties in the Middle East, including concerns over Syria's leadership, added to the upward momentum. Investors remain cautious, eyeing U.S. inflation data amid lingering concerns about a potential oil surplus in 2025.

On December 9 2024, foreign institutional investors (FII) bought shares worth Rs 724 crore, while domestic institutional investors (DII) sold shares worth Rs 1,648 crore.

Stocks that are banned for trading in the F&O segment on December 10, 2024, are GRANULES, MANAPPURAM, PVRINOX, RBLBANK.

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