Key things to know before the market opens!
GIFT Nifty, trading around 200 points above the previous close, indicates a strong opening for domestic indices in today's session.
Pre-Market Update at 8:00 AM: The U.S. markets experienced a robust rally overnight, driven by stronger-than-expected retail sales in July. This development could ease concerns in the financial markets about a potential sharp economic slowdown, which had been heightened by a recent rise in the unemployment rate.
The Nasdaq Composite Index soared 2.34 per cent, the S&P 500 surged 1.61 per cent, and the Dow Jones Industrial Average gained by 1.39 per cent. The U.S. dollar also strengthened on the back of robust economic data.
All major Asian market indices were trading significantly higher today, with Japanese stocks leading the gains after last week's sharp decline. GIFT Nifty, trading around 200 points above the previous close, indicates a strong opening for domestic indices in today's session.
Oil prices rose by over USD 1 a barrel as U.S. economic data eased recession fears in the world’s largest economy. However, the rally was tempered by ongoing concerns about slower global demand.
On August 14, foreign institutional investors (FIIs) sold shares worth Rs 2,595.27 crore, while domestic institutional investors (DIIs) made a sizeable inflow of Rs 2,236.21 crore.