Benchmark indices open on a positive note with Nifty Metal among the top gainers!
The Sensex is up by 0.15 per cent trading at 82,479 while the Nifty is also up by 0.15 per cent and is trading at 25,237.
Market Update at 9:25 AM: On Thursday, Indian markets opened on a positive note, with Nifty and Sensex experiencing gains while, the Broader indices also displayed postive performance. Nifty Metal emerged as the top gainer, while Nifty Pharma and Nifty Realty are flat.
The Sensex is up by 0.15 per cent trading at 82,479 while the Nifty is also up by 0.15 per cent and is trading at 25,237. Whereas, in the broader, the Nifty Midcap surged by 0.40 per cent trading at 59,463 while the Nifty Smallcap surged by 0.67 per cent trading at 19,451.
India VIX has slightly declined by 1.25 per cent and is trading at 14.20, indicating a slight decrease in market volatility.
Within the sectoral landscape only Nifty Metal, Nifty Bank and Nifty MID SELECT are among the Top Gainers while Nifty Realty and Nifty Pharma are the sectors which are flat.
ULTRACEMCO, SHRIRAMFIN and ITC are among the top gainers within the Nifty 50 while HDFCLIFE, HEROMOTOCO and NESTLEIND are among the Top Losers.
About 1,826 stocks are advancing as against to 333 stocks that are declining, thus indicating a positive sentiment in the broader market.
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Pre-Market Update at 8:30 AM: The S&P 500 fell by 0.2 percent, and the Nasdaq Composite dropped 0.3 per cent. The Dow Jones closed slightly below break-even. Nvidia dropped another 1.7 per cent on Wednesday, marking its biggest two-day decline since November 2022.
The US 10-year Treasury yield rose by 20 basis points to 3.76 per cent, and the US 2-year bond yield increased by 33 basis points to 3.76 per cent.
The GIFT Nifty is trading up, signaling a positive start for the day. Nifty futures were at 25,251.
Oil tried to stabilize in early Thursday trading after a sell-off overnight, as traders dealt with weak demand and the possibility of a supply delay next month.
Brent crude futures dropped 88 cents, or 1.2 per cent, to $72.87. US West Texas Intermediate crude futures fell 90 cents, or 1.28 per cent, to $69.44.
On September 04, 2024, foreign institutional investors (FII) bought shares worth Rs 975 crore, while domestic institutional investors (DII) bought shares worth Rs 97 crore.
Stocks that are banned for trading in the F&O segment on September 04, 2024, are ABFRL, BALRAMCHIN, RBLBANK and HINDCOPPER.
Disclaimer: The article is for informational purposes only and not investment advice.