Top things you must know before the market opens!

The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 23,350.00.

Pre-Market Update at 8:00 AM: The Dow Jones Industrial Average climbed 461.88 points, or 1.06 per cent, closing at 43,870.35. Meanwhile, the S&P 500 advanced 31.60 points, or 0.53 per cent, reaching 5,948.71, and the Nasdaq Composite edged up by 6.28 points, or 0.03 per cent, to settle at 18,972.42.

Alphabet faced a significant setback, dropping 4.7 per cent to hit its lowest level in four weeks. This decline followed the U.S. Justice Department’s arguments in court, urging measures like the sale of Google’s Chrome browser to address concerns over its monopoly in online search.

The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 23,350.00.

The U.S. 10-year Treasury yield stands at 4.416 per cent, while the 2-year bond yield at 4.345 per cent.

Brent crude climbed above $74 per barrel, and WTI surpassed $70 per barrel, marking their strongest weekly performance in two months. Prices rose amid escalating tensions between Russia and Ukraine, with missile exchanges heightening geopolitical risks.

Meanwhile, markets are focused on the upcoming OPEC+ meeting on December 1, where potential delays to planned output hikes for 2024 and 2025 are under discussion, driven by weak global demand and China’s economic slowdown.

On November 21 2024, foreign institutional investors (FII) sold shares worth Rs 5,320 crore, while domestic institutional investors (DII) bought shares worth Rs 4,200 crore.

Stocks that are banned for trading in the F&O segment on November 22, 2024, are AARTIIND, ABFRL, ADANIENT, GNFC, GRANULES, HINDCOPPER, IGL, NATIONALUM.

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