Top things you must know before the market opens!
The GIFT Nifty is signaling a soft opening for the market, pointing to a weaker start to the day, with Nifty futures trading at 25,097.
Pre-Market Update at 8:25 AM: The S&P 500 closed 0.5 per cent higher on Tuesday, but gains were limited by concerns over slowing economic growth. Bank stocks struggled, dragging the Dow down, while energy shares also dropped.
The Dow Jones slipped 92.63 points (0.23 per cent) to 40,736.96, while the Nasdaq added 141.28 points (0.84 per cent) to 17,025.88.
In early Wednesday trading, U.S. Treasury yields saw a rise, with the 10-year yield increasing by 21 basis points to 3.64 per cent, while the 2-year yield climbed 17 basis points to 3.60 per cent.
The GIFT Nifty is signaling a soft opening for the market, pointing to a weaker start to the day, with Nifty futures trading at 25,097.
On Tuesday, OPEC released its monthly report, projecting that global oil demand will increase by 2.03 million barrels per day in 2024, slightly lower than the previous estimate of 2.11 million bpd. On Wednesday, crude prices rebounded as concerns about Tropical Storm Francine's impact on oil supply outweighed demand worries.
Brent crude futures rose by 39 cents, or 0.6 per cent, reaching $69.58 a barrel, while U.S. crude futures increased by 44 cents, or 0.7 per cent, to $66.19 a barrel.
On September 10, 2024, foreign institutional investors (FII) bought shares worth Rs 2,208 crore, while domestic institutional investors (DII) sold shares worth Rs 275 crore.
Stocks that are banned for trading in the F&O segment on September 11, 2024, are ABFRL, BALRAMCHIN, BANDHANBNK, BIOCON, CHAMBLFERT, HINDCOPPER, and RBLBANK
Disclaimer: The article is for informational purposes only and not investment advice.