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Asian Paints

2639.8 41.00

Cipla

1399.2 -2.70

Eicher Motors

6981.5 89.50

Nestle India

1423.1 16.60

Grasim Inds

3155.3 0.80

Hindalco Inds.

1109.2 9.90

Hind. Unilever

2203.6 24.60

ITC

301.7 -6.35

Trent

4296.5 126.10

Larsen & Toubro

3926.6 -1.90

M & M

3081.3 -17.70

Reliance Industries

1354.5 4.90

Tata Consumer

1191.8 -3.10

Tata Motors PVeh

363.35 2.00

Tata Steel

209.19 0.61

Wipro

203.11 3.37

Apollo Hospitals

8362.5 54.00

Dr Reddy's Labs

1307.2 -11.30

Titan Company

4079.8 -3.30

SBI

949.2 -1.70

Shriram Finance

941 26.25

Bharat Electron

416.55 -3.85

Kotak Mah. Bank

384.15 3.30

Infosys

1174.5 -6.70

Bajaj Finance

916.55 8.90

Adani Enterp.

2717.3 19.70

Sun Pharma.Inds.

1844.6 -46.70

JSW Steel

1285.5 4.20

HDFC Bank

766.8 7.65

TCS

2317.3 -9.90

ICICI Bank

1264.3 21.50

Power Grid Corpn

294.3 -5.25

Maruti Suzuki

12987 -23.00

Axis Bank

1285.4 32.10

HCL Technologies

1164 -4.20

O N G C

290 -5.85

NTPC

388.65 -0.15

Coal India

456.55 -3.65

Bharti Airtel

1871.4 -13.90

Tech Mahindra

1422.2 2.20

Jio Financial

238.19 2.41

Adani Ports

1786.9 -6.40

HDFC Life Insur.

616.6 2.25

SBI Life Insuran

1870.7 10.80

Max Healthcare

1023.25 -67.85

UltraTech Cem.

11569 95.00

Bajaj Auto

10549.5 -117.50

Bajaj Finserv

1766 13.80

Interglobe Aviat

4438.6 35.60

Eternal

241.95 -0.10

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 50311.43
281.08 0.56%
S&P 500 7466.66
12.69 0.17%
HANG SENG 25606.04
219.51 0.86%
NIKKEI 225 63328.42
1644.28 2.67%
FTSE 100 10466.07
33.73 0.32%
NIFTY 23719.30
64.60 0.27%
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