October 17 Pre-Market: Flat to Positive Start Expected as Key Stocks Face F&O Ban—What You Need to Know

Global market volatility continues, but GIFT Nifty hints at gains for India. Check out the top stocks banned from trading and how rising oil prices could shape today’s market

Pre-Market Update at 8:00 AM:
On Wednesday, the Dow Jones Industrial Average ended 0.79 per cent higher at 43,077.70. The S&P 500 and Nasdaq Composite also closed higher, gaining 0.47 per cent and 0.28 per cent, respectively.

Meanwhile, the NSE Nifty 50 and the S&P BSE Sensex extended their two-day losing streak on Wednesday, reflecting a broader sell-off across global markets. Most indices in the Asia-Pacific region and Europe fell sharply, influenced by overnight trading on Wall Street.

Trends on the GIFT Nifty indicate a flat to positive start for the broader Indian index, with a gain of 31.5 points or 0.13 per cent. Nifty futures were trading around the 25,033.5 level.

The US 10-year Treasury yield jumped 44 bps to 4.02 percent, while the US 2-year bond yield rose 16 bps to 3.94 percent.

Oil prices rose in early Asian trade on Thursday, paring sharp losses from the past two sessions, after industry data showed an unexpected drop in U.S. crude stockpiles last week. Brent crude was trading 0.61% higher at $74.67 a barrel as of 06:34 a.m. Bloomberg spot gold was trading at $2,677.34 an ounce.

On October 16, 2024, foreign institutional investors (FIIs) sold shares worth Rs 3,435 crore, while domestic institutional investors (DIIs) bought shares worth Rs 2,256 crore.

Stocks banned from trading in the F&O segment on October 17, 2024, include Bandhan Bank, Chambal Fertilizers, GNFC, Granules, Hindustan Copper, IDFC First Bank, IEX, Manappuram, National Aluminium, PNB, RBL Bank, SAIL, and Tata Chemicals