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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 trading lower, signaling a negative opening for the day. Nifty futures are currently trading at 25,619.00.

Pre-Market Update at 7:45 AM: US stocks closed lower on Thursday as investors awaited Friday's monthly payrolls report and monitored the escalating conflict in the Middle East.

Thursday’s data showed a slight increase in unemployment claims, while Hurricane Helene and ongoing port strikes may impact the labor market in the short term.

The Dow Jones Industrial Average dropped 184.93 points (0.44 per cent) to 42,011.59, the S&P 500 slipped 9.58 points (0.17 per cent) to 5,699.96, and the Nasdaq Composite edged down 6.65 points (0.04 per cent) to 17,918.48.

The GIFT Nifty is trading lower, signaling a negative opening for the day. Nifty futures are currently trading at 25,619.00.

Early Friday trade saw the US 10-year Treasury yield decline by 20 basis points to 3.83 per cent, while the 2-year bond yield fell 33 basis points to 3.69 per cent.

Oil prices edged higher in early Asian trade on Friday, maintaining strong weekly gains as investors balanced Middle East tensions with a well-supplied global market. Brent crude rose 9 cents (0.12 per cent) to $77.71 a barrel, while U.S. West Texas Intermediate gained 8 cents (0.11 per cent) to $73.79 a barrel.

On October 3, 2024, foreign institutional investors (FII) sold shares worth Rs 15,243 crore, while domestic institutional investors (DII) bought shares worth Rs 12,913 crore.

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Stocks that are banned for trading in the F&O segment on October 04, 2024, are BANDHANBNK, BSOFT, GRANULES, HINDCOPPER, MANAPPURAM, RBLBANK.

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

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