Top things you must know before the market opens!
The GIFT Nifty is trading marginally lower, indicating a flat or negative start for the day. Nifty futures were trading at 25,271.50.
Pre-Market Update at 7:55 AM: Wall Street stocks rose on Wednesday, with the S&P 500 and Dow reaching record highs after the release of Federal Reserve minutes. The Dow gained 431.63 points (1.03 per cent) to 42,512.00, the S&P 500 added 40.91 points (0.71 per cent) to 5,792.04, and the Nasdaq rose 108.70 points (0.60 per cent) to 18,291.62.
The GIFT Nifty is trading marginally lower, indicating a flat or negative start for the day. Nifty futures were trading at 25,271.50.
The US 10-year Treasury yield remained steady at 4.06 per cent, while the 2-year bond yield dropped 16 bps to 3.95 per cent.
Oil prices dipped slightly on Friday after stronger-than-expected U.S. inflation data raised doubts about future interest rate cuts. However, prices were on track for a second weekly gain due to concerns over Middle East supply disruptions and Hurricane Milton’s potential impact on U.S. production.
Brent crude fell 0.5 per cent to $78.98 a barrel, while WTI dropped 0.4 per cent to $74.79 a barrel.
On October 10, 2024, foreign institutional investors (FII) sold shares worth Rs 4,926 crore, while domestic institutional investors (DII) bought shares worth Rs 3,878 crore.
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Stocks that are banned for trading in the F&O segment on October 11, 2024, are BANDHANBNK, BSOFT, CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, IDFCFIRSTB, MANAPPURAM, PNB, RBLBANK, SAIL, TATACHEM.
Disclaimer: The article is for informational purposes only and not investment advice.