Top things you must know before the market opens!
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,225.00.
Pre-Market Update at 8:00 AM: Wall Street's main indexes closed at record highs on Monday, driven by stocks poised to gain from President-elect Donald Trump's possible fiscal policies.
The S&P 500 edged up 0.10 per cent to 6,001.35, the Nasdaq increased 0.06 per cent to 19,298.76, and the Dow Jones rose 0.69 per cent to 44,293.13.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,225.00.
The U.S. 10-year Treasury yield stands at 4.318 per cent, while the 2-year bond yield at 4.277 per cent.
Brent crude fell below $72 per barrel, and WTI traded around $68, continuing recent losses. Weak demand worries persist as China’s economic measures disappointed, and a stronger U.S. dollar, linked to Trump’s re-election, pressured prices. Reduced Middle East tensions also eased price support. Investors await OPEC’s report for insights on the 2025 demand outlook and potential surplus next year.
On November 11 2024, foreign institutional investors (FII) sold shares worth Rs 2,306 crore, while domestic institutional investors (DII) bought shares worth Rs 2,026 crore.
Stocks that are banned for trading in the F&O segment on November 12, 2024, are AARTIIND, ABFRL, GRANULES, HINDCOPPER, MANAPPURAM.
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Disclaimer: The article is for informational purposes only and not investment advice.