Top things you must know before the market opens!
The GIFT Nifty suggests a negative opening for the Indian benchmark indices, with a decline of 0.71 per cent or 180 points. Nifty futures are currently trading around 25,344.
Pre-Market Update at 8:30 AM: The S&P 500 declined to approximately 5,530, losing over 2 per cent. The Nasdaq 100 and the Russell 2000 each dropped by more than 3 per cent, while the Dow Jones Industrial Average fell by 1.5 per cent.
U.S. 10-year yields decreased by 7 basis points to 3.84 per cent, whereas the 2-year yield increased by 4.69 basis points to 3.865 per cent.
The GIFT Nifty suggests a negative opening for the Indian benchmark indices, with a decline of 0.71 per cent or 180 points. Nifty futures are currently trading around 25,344.
Oil prices continued to decline on Wednesday, building on the previous day's drop of more than 4 per cent, driven by expectations that the political dispute causing the halt in Libyan exports may be resolved and concerns about slowing global demand growth.
Brent crude futures for November decreased by 28 cents, or 0.4 per cent, to $73.47, following a 4.9 per cent drop in the prior session. U.S. West Texas Intermediate crude futures for October fell by 31 cents, or 0.4 per cent, to $70.03 after a 4.4 per cent decline on Tuesday.
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On September 03, 2024, foreign institutional investors (FII) bought shares worth Rs 1,029 crore, while domestic institutional investors (DII) bought shares worth Rs 1,896 crore.
Stocks that are banned for trading in the F&O segment on September 04, 2024, are ABFRL, BALRAMCHIN and HINDCOPPER.
Disclaimer: The article is for informational purposes only and not investment advice.