Top things you must know before the market opens!
The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 23,534.80.
Pre-Market Update at 8:10 AM: The Nasdaq ended lower on Wednesday, pausing its previous rally due to concerns over Russia-Ukraine tensions and Target’s weak results. Investors also awaited Nvidia's earnings released later.
The Dow rose 139.53 points (0.32 per cent) to 43,408.47, the S&P 500 stayed flat at 5,917.11, and the Nasdaq dropped 21.32 points (0.11 per cent) to 18,966.14.
The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 23,534.80.
The U.S. 10-year Treasury yield stands at 4.404 per cent, while the 2-year bond yield at 4.315 per cent.
Brent crude climbed above USD 73 per barrel and WTI crossed USD 69 on Thursday, driven by geopolitical tensions. Ukraine's use of long-range weapons and Putin's updated nuclear doctrine raised concerns, while the US veto of a Gaza ceasefire reignited fears of supply disruptions in the Middle East.
However, gains were capped as US crude inventories rose for the third week, up 0.5 million barrels, with gasoline stocks also increasing by 2.1 million barrels, both exceeding forecasts.
On November 19 2024, foreign institutional investors (FII) sold shares worth Rs 3,411 crore, while domestic institutional investors (DII) bought shares worth Rs 2,783 crore.
US prosecutors in New York have charged Gautam Adani, his nephew Sagar Adani, and six others with allegedly offering Rs 2,029 crore (USD 265 million) in bribes to Indian officials to secure solar energy contracts. The focus is on Adani Green Energy, with Rs 1,750 crore linked to Andhra Pradesh’s state electricity companies. Prosecutors allege Adani met Andhra Pradesh’s high-ranking officials thrice in 2021 to push power purchase agreements when SECI initially failed to secure buyers. The indictment also revealed coded names like "Numero Uno" and "Snake" for individuals involved in the scheme, raising concerns over corporate governance and compliance.
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Stocks that are banned for trading in the F&O segment on November 21, 2024, are AARTIIND, ABFRL, GNFC, GRANULES, HINDCOPPER, IGL.
Disclaimer: The article is for informational purposes only and not investment advice.