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Top things you must know before the market opens!
Gaurav Taparia
/ Categories: Trending, Mkt Commentary

Top things you must know before the market opens!

The GIFT Nifty is showing an upward trend, signaling a positive opening for the market today. Nifty futures are currently trading at 25,372.

Pre-Market Update at 8:30 AM: Wall Street's major indexes ended higher on Friday as investors focused on the possibility of a larger interest rate cut by the Federal Reserve next week, with Small-Cap stocks, which are sensitive to interest rates, performing well.

The Dow Jones Industrial Average added 297.01 points, or 0.72 per cent, to close at 41,393.78. The S&P 500 increased by 30.26 points, or 0.54 per cent, to 5,626.02, while the Nasdaq Composite rose 114.30 points, or 0.65 per cent, finishing at 17,683.98.

U.S. Treasury yields fell, with the 10-year yield declining by 62 basis points to 3.65 per cent, while the 2-year yield declined by 150 basis points to 3.58 per cent.

The GIFT Nifty is showing an upward trend, signaling a positive opening for the market today. Nifty futures are currently trading at 25,372.

Oil prices rose slightly in early Monday trading, driven by hopes of a U.S. interest rate cut this week. However, the gains were limited due to the recovery of U.S. oil supply after Hurricane Francine and weak economic data from China. Brent crude (Nov futures) was trading 0.24 per cent higher at $71.78 per barrel.

On September 13, 2024, foreign institutional investors (FII) bought shares worth Rs 2,364 crore, while domestic institutional investors (DII) bought shares worth Rs 2,532 crore.

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Stocks that are banned for trading in the F&O segment on September 16, 2024, are AARTIIND, BALRAMCHIN, BANDHANBNK, CHAMBLFERT, GRANULES, HINDCOPPER, RBLBANK.

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

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