Pre-Market Update (September 5): Nifty’s Record Run Continues, GIFT Nifty Signals Positive Start

GIFT Nifty Indicates Positive Opening; Brent Crude Slips Amid China Concerns, FIIs Show Strong Buying Interest

Pre-Market Update at 8:30 AM: The record run continued on Dalal Street with Nifty ending higher for the 13th consecutive session on September 2, supported by bank, FMCG, and Information Technology names.

Asian markets were mostly higher on Tuesday as investors assessed South Korea's August inflation numbers, which eased to their lowest level on a year-on-year basis since March 2021. The GIFT Nifty is trading higher, indicating a flat to positive start for the day.

The US markets were shut on Monday on account of Labor Day.

Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya.

Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel.

On September 3, foreign institutional investors (FIIs) bought shares worth Rs 1,735 crore, while domestic institutional investors (DIIs) made a sizeable inflow of Rs 356 crore.