Top things you must know before the market opens!
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 23,690.10.
Pre-Market Update at 8:00 AM: The Dow and S&P 500 closed slightly higher on Wednesday, while the Nasdaq fell.
October's consumer price index (CPI) rose 0.2 per cent, matching expectations and fueling hopes for a December rate cut by the U.S. Federal Reserve. Annually, CPI was up 2.6 per cent. Excluding food and energy, it rose 0.3 per cent as forecasted.
The Dow gained 47.21 points (0.11 per cent) to 43,958.19, the S&P 500 inched up 1.39 points (0.02 per cent) to 5,985.38, and the Nasdaq dropped 50.66 points (0.26 per cent) to 19,230.74.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 23,690.10.
The U.S. 10-year Treasury yield stands at 4.473 per cent, while the 2-year bond yield at 4.313 per cent.
Brent crude fell to $72 per barrel and WTI to $68 on Thursday after a brief rebound. Prices were pressured by the EIA’s higher 2024 output forecast of 102.6 million bpd and OPEC’s lowered demand outlook, citing slower growth in China. Reports of Lebanon awaiting US ceasefire proposals eased Middle East tensions, while a stronger US dollar added pressure.
On November 13 2024, foreign institutional investors (FII) sold shares worth Rs 2,502 crore, while domestic institutional investors (DII) bought shares worth Rs 6,145 crore.
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Stocks that are banned for trading in the F&O segment on November 14, 2024, are AARTIIND, ABFRL, GNFC, GRANULES, HINDCOPPER.
Disclaimer: The article is for informational purposes only and not investment advice.