Top things you must know before the market opens!
The GIFT Nifty indicates a positive start for the Indian Benchmark indices, with a slight gain of 0.04 per cent or 10 points. Nifty futures are currently trading near the 25,120.20 mark.
Pre-Market Update at 8:40 AM: The S&P 500 closed higher on Tuesday, while the Dow Jones reached a record high ahead of Nvidia's eagerly awaited quarterly report on Wednesday and upcoming economic data that could provide insights into potential interest rate cuts.
The S&P 500 rose 0.16 per cent to finish at 5,625.80 points. The Nasdaq also gained 0.16 per cent, closing at 17,754.82 points, and the Dow Jones Industrial Average edged up 0.02 per cent to 41,250.50 points, marking its second consecutive record-high close.
The GIFT Nifty indicates a positive start for the Indian Benchmark indices, with a slight gain of 0.04 per cent or 10 points. Nifty futures are currently trading near the 25,120.20 mark.
DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, do download the service details here.
Oil prices rose in Asian trading on Wednesday, supported by industry data indicating a significant drawdown in U.S. inventories, along with ongoing tensions in the Middle East and supply disruptions in Libya. The prior session saw crude prices dip due to profit-taking after a strong rebound in the past week, compounded by lingering concerns about an economic slowdown.
Brent oil futures increased by 0.5 per cent to Rs 79.92 per barrel, while West Texas Intermediate (WTI) crude futures also gained 0.5 per cent to reach Rs 75.92 per barrel.
On August 27, 2024, foreign institutional investors (FII) bought shares worth Rs 1,503.76 crore, while domestic institutional investors (DII) offloaded shares worth Rs 604.08 crore.
Stocks that are banned for trading in the F&O segment on August 28, 2024, are BALRAMCHIN, BSOFT, HINDCOPPER and INDIACEM.