Top Things You Must Know Before the Market Opens!
The GIFT Nifty reflected strength, suggesting a positive opening for the day. At 7:20 am IST, Nifty futures were trading at 23,272.00.
Market Update 8:15 AM: On Monday, the Nasdaq ended lower, while the S&P 500 managed to rebound from a two-month trough with a modest uptick, as U.S. Treasury yields remained elevated. Investors moderated their hopes for swift rate cuts by the Federal Reserve. The Dow Jones Industrial Average climbed 358.67 points, or 0.86 per cent, to settle at 42,297.12. The S&P 500 added 9.18 points, or 0.16 per cent, closing at 5,836.22. Meanwhile, the Nasdaq Composite dropped 73.53 points, or 0.38 per cent, to finish at 19,088.10.
On Tuesday morning, Japanese indices recorded significant losses, mirroring the negative sentiment in global markets. However, Chinese and Hong Kong indices traded positively, posting gains of up to 1 per cent.
The GIFT Nifty reflected strength, suggesting a positive opening for the day. At 7:20 am IST, Nifty futures were trading at 23,272.00.
The U.S. 10-Year Treasury yield declined by 22 basis points to 4.76 per cent, while the 2-Year Treasury yield dropped 10 basis points to 4.37 per cent during early Tuesday trade.
The dollar remained near a two-year high as traders adjusted expectations for U.S. rate cuts in 2025, supported by strong economic data. Meanwhile, concerns surrounding the fiscal health of the UK kept the British pound under pressure.
Oil prices advanced on Monday, with U.S. sanctions on Russian oil anticipated to tighten supply. WTI crude rose almost 3 per cent to reach USD 78.8 per barrel, following last week’s sharp rally.
Foreign Institutional Investors (FIIs) continued their selling streak for the seventh consecutive session, offloading shares worth Rs 4,892 crore. Conversely, Domestic Institutional Investors (DIIs) remained net buyers, purchasing shares valued at Rs 8,066 crore.
Aarti Industries, Bandhan Bank, Hindustan Copper, Manappuram Finance, L&T Finance, and RBL Bank are under the F&O ban today.
Disclaimer: The article is for informational purposes only and not investment advice.