Top things you must know before the market opens!
The GIFT Nifty is trading slightly higher, signaling a positive opening for the day. Nifty futures are currently trading at 25,327.20.
Pre-Market Update at 8:30 AM: The Dow hit a record high on Friday, while the Nasdaq gained over 1 per cent, thanks to a strong jobs report that eased concerns about the economy.
September saw the biggest job growth in six months, with unemployment dropping to 4.1 per cent.
The Dow rose 341.16 points (0.81 per cent) to 42,352.75, the S&P 500 added 51.13 points (0.90 per cent) to 5,751.07, and the Nasdaq climbed 219.37 points (1.22 per cent) to 18,137.85.
The GIFT Nifty is trading slightly higher, signaling a positive opening for the day. Nifty futures are currently trading at 25,327.20.
The US 10-year Treasury yield remained steady at 3.96 per cent, while the 2-year bond yield rose 42 bps to 3.93 per cent on Monday. This followed Friday's report showing the economy added the most jobs in six months in September.
Oil prices trimmed gains on Monday after recording their largest weekly jump in over a year on Friday, driven by growing concerns of a potential wider conflict in the Middle East. Brent oil futures (Dec’24) declined 38 cents (0.49 per cent) to $77.67 a barrel, while U.S. West Texas Intermediate declined 27 cents (0.36 per cent) to $74.11 a barrel.
On October 04, 2024, foreign institutional investors (FII) sold shares worth Rs 9,896 crore, while domestic institutional investors (DII) bought shares worth Rs 8,905 crore.
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Stocks that are banned for trading in the F&O segment on October 07, 2024, are BANDHANBNK, BSOFT, GNFC, GRANULES, HINDCOPPER, MANAPPURAM, RBLBANK.
Disclaimer: The article is for informational purposes only and not investment advice.