Top things you must know before the market opens!
The GIFT Nifty is trading flat, indicating a positive to flat start for the day. Nifty futures were trading at 24,283.35.
Pre-Market Update at 7:45 AM: US stocks rose on Thursday following a 25 basis point interest rate cut by the Federal Reserve, continuing a rally triggered by Donald Trump's return as president. The Fed cut rates by 0.25 per cent, noting a slightly weaker job market and ongoing progress toward its 2 per cent inflation goal.
The Dow Jones Industrial Average ended almost unchanged, down 0.59 points at 43,729.34. The S&P 500 increased by 44.06 points, or 0.74 per cent, to 5,973.10, while the Nasdaq Composite climbed 285.99 points, or 1.51 per cent, to 19,269.46.
The GIFT Nifty is trading flat, indicating a positive to flat start for the day. Nifty futures were trading at 24,283.35.
The U.S. 10-year Treasury yield stands at 4.334 per cent, while the 2-year bond yield at 4.202 per cent.
Brent crude reached $75.5 and WTI $72.1 per barrel on Friday, poised for weekly gains. Prices rose after the Fed's 0.25 per cent rate cut and potential U.S. sanctions on oil producers. Hurricane Rafael also disrupted Gulf of Mexico production.
On November 7 2024, foreign institutional investors (FII) sold shares worth Rs 4,888 crore, while domestic institutional investors (DII) bought shares worth Rs 1,786 crore.
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Stocks that are banned for trading in the F&O segment on November 8, 2024, are ABFRL and GRANULES.
Disclaimer: The article is for informational purposes only and not investment advice.