Top things you must know before the market opens!
The GIFT Nifty is trading high, signaling a positive opening for the day. Nifty futures are currently trading at 26,402.35.
Pre-Market Update at 8:05 AM: The S&P 500 hit a record close on Thursday, with the Dow and Nasdaq also rising, as Micron Technology shares surged and positive U.S. jobless claims data eased labor market concerns.
The S&P 500 gained 23.11 points, or 0.40 per cent, closing at 5,745.37, after touching a record high of 5,767.37 during the day. The Dow Jones climbed 260.36 points, or 0.62 per cent, to 42,175.11, while the Nasdaq added 108.09 points, or 0.60 per cent, finishing at 18,190.29.
The GIFT Nifty is trading high, signaling a positive opening for the day. Nifty futures are currently trading at 26,402.35.
U.S. crude oil prices dropped nearly 3 per cent on Thursday after reports that Saudi Arabia plans to increase production later this year. Sources told The Financial Times that Saudi officials are willing to boost output in December, even if it leads to lower oil prices.
On Thursday, West Texas Intermediate (November): $67.67 per barrel, down $2.02, or 2.9 per cent. U.S. crude is down over 5 per cent this year. Brent (November): $71.60 per barrel, down $1.86, or 2.53 per cent. The global benchmark is down about 7 per cent this year.
On September 26, 2024, foreign institutional investors (FII) bought shares worth Rs 629 crore, while domestic institutional investors (DII) bought shares worth Rs 2,405 crore.
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As of September 27, 2024, no stocks are under the F&O segment trading ban.
Disclaimer: The article is for informational purposes only and not investment advice.