Top things you must know before the market opens!
The GIFT Nifty is showing an upward trend, signaling a positive opening for the day. Nifty futures are currently trading at 25,506.00.
Pre-Market Update at 8:10 AM: The S&P 500 reached a new record high on Thursday, following the Federal Reserve’s decision to cut interest rates by 50 basis points and hint at more cuts ahead.
The Dow Jones Industrial Average also hit a record close, finishing above 42,000 for the first time.
The S&P 500 increased by 1.70 per cent, closing at 5,713.64 points. The Nasdaq rose 2.51 per cent to 18,013.98 points, while the Dow gained 1.26 per cent, ending at 42,025.19 points.
The yield on the US 10-year Treasury fell by 28 basis points to 3.70 per cent, while the US 2-year bond yield dropped 41 basis points, settling at 3.56 per cent
The GIFT Nifty is showing an upward trend, signaling a positive opening for the day. Nifty futures are currently trading at 25,506.00.
Oil prices remained mostly steady in early Asian trading on Friday but were set to post gains for the second consecutive week due to a major U.S. interest rate cut and shrinking global stockpiles.
Brent futures fell by 19 cents to $73.69 a barrel, gaining 4.3 per cent for the week, while U.S. crude rose 6 cents to $72.01 a barrel, with a weekly increase of 4.8 per cent.
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On September 19, 2024, foreign institutional investors (FII) sold shares worth Rs 2,547 crore, while domestic institutional investors (DII) bought shares worth Rs 2,012 crore.
Stocks that are banned for trading in the F&O segment on September 20, 2024, are AARTIIND, BIOCON, BSOFT, CHAMBLFERT, GNFC, GRANULES, LICHSGFIN, NATIONALUM, OFSS, PNB, RBLBANK, SAIL.
Disclaimer: The article is for informational purposes only and not investment advice.