Top Things You Must Know Before the Market Opens!
The GIFT Nifty suggests a negative opening for Indian markets, with Nifty futures trading at 23,309.5 as of 7:20 am IST.
Market Update 8:15 AM: U.S. stocks retreated on Thursday, pausing after Wednesday’s strong gains, as investors processed the latest corporate earnings reports and analyzed economic indicators to assess the Federal Reserve's potential interest rate moves. The Dow Jones Industrial Average dipped 68.42 points, or 0.16 per cent, to settle at 43,153.13. The S&P 500 slid 12.57 points, or 0.21 per cent, to 5,937.34, while the Nasdaq Composite dropped 172.94 points, or 0.89 per cent, ending at 19,338.29.
Asian equities edged lower in Friday’s early session, mirroring Wall Street’s subdued performance as investors anticipated a flurry of Chinese economic data, including fourth-quarter growth figures.
The GIFT Nifty suggests a negative opening for Indian markets, with Nifty futures trading at 23,309.5 as of 7:20 am IST.
Treasury yields showed mixed movement. Federal Reserve Governor Christopher Waller stated that further rate reductions might be on the table by mid-2025, provided inflation trends remain favorable.
The dollar index hovered around 108.96 in early Friday trading, remaining stable against a basket of major global currencies.
Brent crude oil prices recovered slightly, climbing to approximately USD 81.5 per barrel. The commodity is poised for a fourth consecutive weekly rise after reversing losses from the previous session.
Foreign Institutional Investors (FIIs) extended their selling streak, offloading equities worth Rs 4,341 crore. Meanwhile, Domestic Institutional Investors (DIIs) stepped in, purchasing shares amounting to Rs 2,928 crore.
Aarti Industries, Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Kalyan Jewellers, Hindustan Copper, Manappuram Finance, L&T Finance, and RBL Bank remain under the F&O trading ban on the NSE
Disclaimer: The article is for informational purposes only and not investment advice.