Top things you must know before the market opens!
The GIFT Nifty is showing gains, signaling a strong opening for the day ahead. Nifty futures are currently trading at 25,434.80.
Pre-Market Update at 8:30 AM: Wall Street's major indices ended higher on Monday as investors focused on the likelihood of a larger interest rate cut by the Federal Reserve next week. Small-Cap stocks, which are sensitive to rate changes, outperformed.
The Dow Jones Industrial Average climbed 297.01 points, or 0.72 per cent, to close at 41,393.78. The S&P 500 added 30.26 points, or 0.54 per cent, to reach 5,626.02, while the Nasdaq Composite rose by 114.30 points, or 0.65 per cent, to settle 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 gains, signaling a strong opening for the day ahead. Nifty futures are currently trading at 25,434.80.
Oil prices rose slightly, 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 0.48 per cent higher at $73.10 per barrel.
On September 16, 2024, foreign institutional investors (FII) sold shares worth Rs 1,634 crore, while domestic institutional investors (DII) bought shares worth Rs 754 crore.
Stocks that are banned for trading in the F&O segment on September 17, 2024, are AARTIIND, BALRAMCHIN, BANDHANBNK, BSOFT, CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, LICHSGFIN, RBLBANK.
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Disclaimer: The article is for informational purposes only and not investment advice.