Asian Paints

2428.1 27.30

Cipla

1341.1 12.20

Eicher Motors

7936.5 39.50

Nestle India

1293.8 15.30

Grasim Inds

2832.8 -31.50

Hindalco Inds.

935.7 30.05

Hind. Unilever

2314.5 35.20

ITC

327 1.00

Trent

4091 23.10

Larsen & Toubro

4380.6 100.10

M & M

3412.8 -19.00

Reliance Industries

1419.4 9.90

Tata Consumer

1156.2 -4.30

Tata Motors PVeh

378 2.30

Tata Steel

208.36 2.95

Wipro

209.86 -1.35

Apollo Hospitals

7615.5 23.00

Dr Reddy's Labs

1280.4 -1.90

Titan Company

4236.4 38.20

SBI

1216.1 10.40

Shriram Finance

1059.3 4.60

Bharat Electron

441.15 5.80

Kotak Mah. Bank

421.35 4.95

Infosys

1353.2 -17.30

Bajaj Finance

1030.2 13.15

Adani Enterp.

2160.8 4.10

Sun Pharma.Inds.

1724.4 11.00

JSW Steel

1235.8 7.40

HDFC Bank

911.85 -3.75

TCS

2686.2 8.30

ICICI Bank

1394.5 5.70

Power Grid Corpn

298.95 4.30

Maruti Suzuki

14977 74.00

Axis Bank

1368.3 11.70

HCL Technologies

1436.5 -13.90

O N G C

278.65 4.00

NTPC

372.95 9.75

Coal India

423.55 7.40

Bharti Airtel

1977.4 -11.20

Tech Mahindra

1456.9 -22.40

Jio Financial

258.6 0.00

Adani Ports

1511.5 -1.80

HDFC Life Insur.

728.65 -4.50

SBI Life Insuran

2080 37.00

Max Healthcare

1087.9 6.45

UltraTech Cem.

12766 78.00

Bajaj Auto

9807 78.00

Bajaj Finserv

2058.5 25.30

Interglobe Aviat

4854.6 39.50

Eternal

269.45 -2.30

Kwality Wall's

27.73 -0.86

Pre-Session - Detailed News Back
Market may mirror weak global cues
04-Sep-24   08:31 Hrs IST

GIFT Nifty:

The GIFT Nifty September futures contract is down 70 points, suggesting a negative start for the Nifty 50.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,029.25 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,896.21 crore in the Indian equity market on 3 September 2024, provisional data showed.

FPIs have bought shares worth over Rs 2764.71 crore in September 2024 (so far). They sold shares worth 21368.51 crore in August 2024.

Global Markets:

The Dow Jones index futures were down 76 points, indicating a negative opening in the US stocks today.

Asian shares were trading lower on Wednesday as oil prices plummeted to multi-month lows. A sharp tech selloff on Wall Street, coupled with resurgent concerns about U.S. growth, drove investors away from riskier assets.

Recent data from China revealed that its economy is still struggling to gain traction, leading to renewed calls for more stimulus from Beijing. The sluggish Chinese outlook, the world's largest oil importer, further exacerbated the decline in oil prices due to expectations of weakening demand.

September has historically been a challenging month for stocks, but analysts attributed the current rout to a confluence of factors, including tepid U.S. manufacturing data.

U.S. stocks closed sharply lower overnight after the holiday, with AI leader NVIDIA tumbling nearly 10% as investors tempered their enthusiasm about artificial intelligence. The return from the Labor Day holiday saw a widespread air of portfolio de-risking across capital markets. Growth concerns were the dominant theme, leading to a sell-off in cyclical-sensitive assets and aggressive hedging.

The Dow Jones Industrial Average fell 1.51%, the S&P 500 slid 2.12% and the Nasdaq Composite dropped 3.26%. All three indexes notched their worst days since the global sell-off on Aug. 5.

US manufacturing contracted at a moderate pace in August. The Institute for Supply Management (ISM) said its manufacturing PMI rose to 47.2 last month from 46.8 in July, which was the lowest reading since November. The PMI remained below the 50 threshold for the fifth straight month.

Domestic Market:

Domestic stock market took a breather Tuesday, ending almost flat. Mixed global cues, coupled with a slight slowdown in India's manufacturing activity, tempered investor enthusiasm. However, positive outlooks on monsoon and government capex supported consumption and rural-based stocks. The BSE Sensex snapped its 11-day winning streak, while the Nifty 50 extended its rally for the 14th consecutive session. Consumer durables, financial services and banks shares shares advanced, while media, metal and realty shares declined.

The barometer index, the S&P BSE Sensex, shed 4.40 points or 0.01% to 82,555.44. The Nifty 50 index added 1.15 points to 25,279.85. The 50-unit index has risen 4.73% in 14 consecutive sessions.

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DJIA 49649.56
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S&P 500 6930.29
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HANG SENG 26413.36
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FTSE 100 10691.66
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