Top things you must know before the market opens!

The GIFT Nifty is trading flat, signaling a muted opening for the day. Nifty futures are currently trading at 26,115.00.

Pre-Market Update at 7:40 AM: The S&P 500 reached a record high on Monday, bouncing back after a brief dip following remarks from Federal Reserve Chair Jerome Powell. He mentioned that the Fed isn't rushing to make further rate cuts but expects two more this year, totaling 50 basis points, if the economy stays on track.

The Dow Jones closed at an all-time high, with all three major U.S. stock indexes posting gains for the month and quarter. The Dow rose 17.15 points (0.04 per cent) to 42,330.15, the S&P 500 added 24.31 points (0.42 per cent) to 5,762.48, and the Nasdaq gained 69.58 points (0.38 per cent) to 18,189.17.

The GIFT Nifty is trading flat, signaling a muted opening for the day. Nifty futures are currently trading at 26,115.00.

Treasuries continued to fall, driving short-term yields up after Fed Chair Jerome Powell's cautious comments that interest rates will drop "over time," while noting the economy is still strong. The US 10-year Treasury yield dropped 25 bps to 3.77 per cent, while the 2-year bond yield fell 23 bps to 3.63 per cent.

Oil prices stayed mostly flat on Monday but ended the third quarter with a 17 per cent drop. Concerns over a potential supply cut from the Middle East were outweighed by declining global demand. Brent crude for November fell 21 cents to $71.77, while the December contract rose 27 cents to $71.81.

On September 30, 2024, foreign institutional investors (FII) sold shares worth Rs 9,791 crore, while domestic institutional investors (DII) bought shares worth Rs 6,645 crore.

Stocks that are banned for trading in the F&O segment on October 01, 2024, are BALRAMCHIN, BANDHANBNK, HINDCOPPER, RBLBANK.

Disclaimer: The article is for informational purposes only and not investment advice.