Top things you must know before the market opens!

The GIFT Nifty is trading lower, signaling a weak opening for the day. Nifty futures are currently trading at 26,098.50.

Pre-Market Update at 8:15 AM: The S&P 500 saw minimal movement on Wednesday, as tech stocks rose but concerns over Middle East tensions and upcoming U.S. labor data kept investors cautious.

The Dow Jones Industrial Average added 39.55 points (0.09 per cent) to close at 42,196.52. Meanwhile, the S&P 500 edged up by 0.79 points (0.01 per cent) to 5,709.54, and the Nasdaq Composite increased by 14.76 points (0.08 per cent), reaching 17,925.12.

The GIFT Nifty is trading lower, signaling a weak opening for the day. Nifty futures are currently trading at 26,098.50.

Treasuries continued to drop, causing short-term yields to rise after Federal Reserve Chair Jerome Powell took a cautious approach, stating that interest rates will be lowered "over time." He also reiterated that the overall economy remains strong.

The U.S. 10-year Treasury yield climbed by 30 basis points to 3.79 per cent, while the 2-year bond yield increased by 11 basis points to 3.64 per cent.

Oil prices climbed on Wednesday due to concerns that the Middle East conflict could escalate into a larger war, potentially disrupting oil supplies from this major producing region after Iran launched ballistic missiles at Israel. Brent crude for December rose 65 cents to $74.55, while WTI November futures rose 71 cents to $70.83.

On October 1, 2024, foreign institutional investors (FII) sold shares worth Rs 5,579 crore, while domestic institutional investors (DII) bought shares worth Rs 4,609 crore.

Stocks that are banned for trading in the F&O segment on October 03, 2024, are BANDHANBNK, BSOFT, HINDCOPPER, RBLBANK.

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