Top things you must know before the market opens!
The GIFT Nifty is trading weak, indicating a negative start for the day. Nifty futures were trading at 24,595.00.
Pre-Market Update at 8:30 AM: The Dow Jones Industrial Average surged 1,508.05 points (3.57 per cent) to 43,729.93, while the S&P 500 rose 146.28 points (2.53 per cent) to 5,929.04, and the Nasdaq Composite added 544.29 points (2.95 per cent) to 18,983.47. This marked the largest single-day percentage gain for both the Dow and S&P 500 since November 2022, and the biggest for the Nasdaq since February.
Financials led the S&P 500 sectors, climbing 6.16 per cent, with banks driving the surge. The S&P 500 bank index jumped 10.68 per cent, its largest daily increase in two years, amid expectations of eased regulations.
The GIFT Nifty is trading weak, indicating a negative start for the day. Nifty futures were trading at 24,595.00.
The U.S. 10-year Treasury yield stands at 4.426 per cent, while the 2-year bond yield at 4.256 per cent.
WTI crude rose to around $72 per barrel, and Brent crude surpassed $75 per barrel as investors assessed the impact of Donald Trump’s election win on oil markets.
A Trump administration is expected to boost US economic growth through spending and tax cuts, supporting oil consumption and US producers. However, there are concerns about how Trump's trade tariffs could impact China’s economy and reduce oil demand from the world's largest importer.
On November 6 2024, foreign institutional investors (FII) sold shares worth Rs 4,445 crore, while domestic institutional investors (DII) bought shares worth Rs 4,889 crore.
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As of November 7, 2024, no stocks are under the F&O segment trading ban.
Disclaimer: The article is for informational purposes only and not investment advice.