Top things you must know before the market opens!
The GIFT Nifty is trading slightly higher, indicating a positive start for the day. Nifty futures were trading at 24,906.
Pre-Market Update at 8:30 AM: The S&P 500 and Dow saw their biggest weekly drops since March 2023, while the Nasdaq had its largest weekly fall since January 2022.U.S. Labor Department data showed 142,000 jobs were added in August, below expectations, with July's jobs growth revised down to 89,000.
The Dow dropped 410.34 points (1.01 per cent) to 40,345.41, the S&P 500 lost 94.99 points (1.73 per cent) to 5,408.42, and the Nasdaq fell 436.83 points (2.55 per cent) to 16,690.83.
The U.S. 10-year Treasury yield rose by 81 basis points to 3.73 per cent, while the 2-year bond yield increased by 79 basis points to 3.67 per cent.
The GIFT Nifty is trading slightly higher, indicating a positive start for the day. Nifty futures were trading at 24,906.
Oil prices inched higher in early Monday trading, rebounding slightly from the previous session's losses, following weaker-than-expected U.S. jobs data for August.
U.S. crude oil prices dropped by 8 per cent last week, marking their steepest decline since June 2023. West Texas Intermediate's October contract hit a low of $67.16 per barrel.
On September 06, 2024, foreign institutional investors (FII) sold shares worth Rs 620 crore, while domestic institutional investors (DII) bought shares worth Rs 2,121 crore.
Stocks that are banned for trading in the F&O segment on September 09, 2024, are ABFRL, BALRAMCHIN, BANDHANBNK, BIOCON, CHAMBLFERT, HINDCOPPER, RBLBANK
Disclaimer: The article is for informational purposes only and not investment advice.