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 0.14 per cent or 36 points. Nifty futures are currently trading near the 25,173.00 mark.
Pre-Market Update at 8:25 AM: U.S. stocks declined on Wednesday as investors awaited Nvidia's quarterly report, the week's most anticipated event, which could either stall or further fuel a rally driven by AI optimism.
The S&P 500 dropped 0.60 per cent to close at 5,592.18 points, the Nasdaq fell 1.12 per cent to 17,556.03 points, and the Dow Jones Industrial Average decreased by 0.39 per cent to 41,091.42 points.
The GIFT Nifty indicates a positive start for the Indian Benchmark indices, with a slight gain of 0.14 per cent or 36 points. Nifty futures are currently trading near the 25,173.00 mark.
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Oil prices remained largely stable on Thursday as a smaller-than-anticipated drop in U.S. crude inventories and ongoing concerns about demand in China balanced against supply disruptions in Libya.
Brent crude futures edged down 1 cent to USD 78.64 a barrel, while U.S. West Texas Intermediate crude futures rose 8 cents, or 0.1 per cent, to USD 74.60.
On August 28, 2024, foreign institutional investors (FII) offloaded shares worth Rs 1,347.53 crore, while domestic institutional investors (DII) bought shares worth Rs 439.35 crore.
Stocks that are banned for trading in the F&O segment on August 29, 2024, are BANDHANBNK, GRANULES, HINDCOPPER and INDIACEM.