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 trading firm, signaling a positive opening for the day. Nifty futures are currently trading at 26,130.90.

Pre-Market Update at 8:30 AM: The Dow Jones and S&P 500 dropped on Wednesday, pulling back from recent highs boosted by China's stimulus package, as investors awaited key economic data and signs of future interest rate cuts.

The Dow fell 293.47 points, or 0.70 per cent, to 41,914.75. The S&P 500 slipped 10.67 points, or 0.19 per cent, to 5,722.26, while the Nasdaq edged up 7.68 points, or 0.04 per cent, to 18,082.21.

The U.S. 10-year Treasury yield is down by 15 bps to 3.77 per cent, while the 2-year bond yield dropped 11 bps to 3.55 per cent during early trading on Thursday.

The GIFT Nifty is trading firm, signaling a positive opening for the day. Nifty futures are currently trading at 26,130.90.

Oil prices were mostly steady on Thursday after a drop in the previous session. Higher fuel demand and declining stockpiles in the U.S., the largest oil consumer, balanced out concerns about demand in other regions, especially China.

Brent crude rose 9 cents, or 0.12 per cent, to $73.55 a barrel, while U.S. West Texas Intermediate increased 4 cents, or 0.06 per cent, to $69.73 per barrel.

On September 25, 2024, foreign institutional investors (FII) sold shares worth Rs 973 crore, while domestic institutional investors (DII) bought shares worth Rs 1,778 crore.

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Stocks that are banned for trading in the F&O segment on September 26, 2024, are ABFRL, GRANULES, HINDCOPPER, IDEA, IEX.

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

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