Top things you must know before the market opens!

The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,690.85.

Pre-Market Update at 8:45 AM: Wall Street's primary indexes ended Tuesday on a lower note, as declines in the technology sector outweighed gains in communications services. Investors remained cautious, anticipating key inflation data that could influence the Federal Reserve’s upcoming interest rate decisions.

Of the 11 major sectors within the S&P 500, only three posted gains ahead of the November Consumer Price Index (CPI) release. This CPI data, a critical indicator ahead of the Fed’s December 17-18 meeting, is expected to show headline inflation inching up to 2.7 per cent in November from 2.6 per cent in October. The Producer Price Index (PPI) data, another significant economic metric, is scheduled for release on Thursday.

The Dow Jones Industrial Average dropped 154.10 points, or 0.35 per cent, closing at 44,247.83. Similarly, the S&P 500 declined by 17.94 points, or 0.30 per cent, to settle at 6,034.91, while the Nasdaq Composite slipped 49.45 points, or 0.25 per cent, finishing at 19,687.24.

The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,690.85.

The U.S. 10-year Treasury yield stands at 4.238 per cent, while the 2-year bond yield at 4.155 per cent.

Brent rose above $72 and WTI neared $69 as China's easing plans and rising crude imports boosted demand outlook. US crude stocks unexpectedly increased, while markets await OPEC’s report and US inflation data.

On December 10 2024, foreign institutional investors (FII) bought shares worth Rs 1,285 crore, while domestic institutional investors (DII) bought shares worth Rs 605 crore.

Stocks that are banned for trading in the F&O segment on December 11, 2024, are METROPOLIS, GRANULES, MANAPPURAM, PVRINOX, RBLBANK.

Disclaimer: The article is for informational purposes only and not investment advice.