Key things to know before the market opens!
Global indices are on a strong uptrend following the Federal Reserve's remarks on monetary policy easing.
Pre-Market Update at 8:30 AM: Wall Street indices closed significantly higher on Friday as investor sentiment improved following Federal Reserve Chair Jerome Powell's remarks on monetary policy easing, stating, "The time has come for policy to adjust." The Nasdaq Composite Index climbed 1.47 per cent, the S&P 500 surged 1.15 per cent, and the Dow Jones Industrial Average gained 1.14 per cent.
Major Asian markets gained strength as investors anticipated upcoming interest rate cuts. The GIFT Nifty was trading at a premium over the previous close of Nifty futures, suggesting a positive opening for India's leading indices.
The dollar declined after Fed gave a clear signal that the long-awaited U.S. interest rate cut is expected next month. Oil prices rose after Israel and Hezbollah exchanged rocket fire and air strikes on Sunday, heightening concerns about potential supply disruptions if the conflict were to intensify.
On August 23, both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) were net buyers, with FIIs purchasing shares worth Rs 1,944 crore and DIIs making a significant inflow of Rs 2,896 crore.