Asian Paints

2613.8 10.90

Cipla

1505.7 4.20

Eicher Motors

6886 79.50

Nestle India

1262.7 -3.40

Grasim Inds

2724.6 24.50

Hindalco Inds.

790.4 2.00

Hind. Unilever

2414 -22.00

ITC

404.05 -3.45

Trent

4627.3 -51.90

Larsen & Toubro

3882.5 0.90

M & M

3690.2 71.70

Reliance Industr

1478 -18.10

Tata Consumer

1167.2 -23.20

Tata Motors PVeh

405.7 -2.15

Tata Steel

181.37 4.10

Wipro

236.49 -3.56

Apollo Hospitals

7642 -140.00

Dr Reddy's Labs

1205.4 0.20

Titan Company

3769.3 -5.10

SBI

955.85 -4.90

Shriram Finance

816.35 23.85

Bharat Electron

414.25 5.45

Kotak Mah. Bank

2088.3 5.10

Infosys

1476.8 10.10

Bajaj Finance

1066.6 24.70

Adani Enterp.

2369.4 55.10

Sun Pharma.Inds.

1691.4 5.50

JSW Steel

1171.7 2.90

HDFC Bank

982.3 -2.35

TCS

2991.8 -19.10

ICICI Bank

1343 22.60

Power Grid Corpn

272 1.80

Maruti Suzuki

15479 27.00

Axis Bank

1222.8 -5.70

HCL Technologies

1512.4 -14.00

O N G C

252.2 0.70

NTPC

326.1 -0.55

Coal India

376 2.85

Bharti Airtel

2001.2 -93.70

Tech Mahindra

1386.7 -26.90

Adani Ports

1448.3 11.50

HDFC Life Insur.

749.25 13.20

SBI Life Insuran

1998.9 28.10

Max Healthcare

1135.3 9.90

UltraTech Cem.

11849 -61.00

Bajaj Auto

8721.5 1.00

Bajaj Finserv

2102.1 38.90

Interglobe Aviat

5583.5 -109.50

Eternal Ltd

306.1 0.45

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 16.76
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