Top things you must know before the market opens!
The GIFT Nifty is trading lower, indicating a negative start for the day. Nifty futures were trading at 24,219.85.
Pre-Market Update at 8:30 AM: The stock market hit new record highs on Friday after Donald Trump's election win. The Dow Jones rose 259.65 points (0.59 per cent) to close at 43,988.99, briefly crossing 44,000 for the first time.
The S&P 500 gained 0.38 per cent to 5,995.54, after touching 6,000 during the session. The Nasdaq Composite edged up 0.09 per cent to 19,286.78, also hitting an intraday record.
The GIFT Nifty is trading lower, indicating a negative start for the day. Nifty futures were trading at 24,219.85.
The U.S. 10-year Treasury yield stands at 4.306 per cent, while the 2-year bond yield at 4.252 per cent.
WTI crude fell to $70 per barrel and Brent to $73.5, extending declines due to weak economic data from China despite recent stimulus. Easing US supply concerns and uncertainty over Trump’s policies also pressured prices, though potential sanctions on Iran and Venezuela may support them. Investors await OPEC’s market outlook on Tuesday.
On November 8 2024, foreign institutional investors (FII) sold shares worth Rs 3,404 crore, while domestic institutional investors (DII) bought shares worth Rs 1,748 crore.
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Stocks that are banned for trading in the F&O segment on November 11, 2024, are ABFRL, GRANULES, MANAPPURAM.
Disclaimer: The article is for informational purposes only and not investment advice.