Top things you must know before the market opens!
The GIFT Nifty is showing a downward trend, signaling a negative opening for the day. Nifty futures are currently trading at 26,094.00.
Pre-Market Update at 8:30 AM: The S&P 500 and Dow closed at record highs on Tuesday, despite weak U.S. consumer confidence data. Mining stocks surged after China's sweeping stimulus announcement.
The Conference Board's report showed a drop in consumer confidence in September due to labor market concerns.
The Dow rose 83.57 points (0.20 per cent) to 42,208.22, the S&P 500 added 14.36 points (0.25 per cent) to 5,732.93, and the Nasdaq gained 100.25 points (0.56 per cent) to 18,074.52.
The U.S. 10-year Treasury yield rose by 25 bps to 3.73 per cent, while the 2-year bond yield dropped 72 bps to 3.51 per cent during early trading on Wednesday.
The GIFT Nifty is showing a downward trend, signaling a negative opening for the day. Nifty futures are currently trading at 26,094.00.
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Oil prices leveled off on Wednesday after a previous rise, as enthusiasm for China's stimulus eased. However, a report of declining U.S. crude and fuel inventories helped support the market.
Brent crude edged up by 3 cents to $75.20 a barrel, while U.S. West Texas Intermediate dipped 2 cents to $71.58 per barrel.
On September 24, 2024, foreign institutional investors (FII) sold shares worth Rs 2,784 crore, while domestic institutional investors (DII) bought shares worth Rs 3,868 crore.
Stocks that are banned for trading in the F&O segment on September 25, 2024, are ABFRL, GRANULES, HINDCOPPER, IDEA, IEX.
Disclaimer: The article is for informational purposes only and not investment advice.