Asian Paints

2807.8 0.20

Cipla

1500.7 -12.20

Eicher Motors

7303 11.50

Nestle India

1256.5 -0.70

Grasim Inds

2829.8 20.10

Hindalco Inds.

863.85 -0.70

Hind. Unilever

2302.6 13.10

ITC

407.35 4.65

Trent

4189.4 -17.40

Larsen & Toubro

4058.8 -13.60

M & M

3625.1 8.40

Reliance Industr

1570.7 -4.70

Tata Consumer

1185.6 6.80

Tata Motors PVeh

363.25 4.10

Tata Steel

170.9 1.68

Wipro

271.4 -1.27

Apollo Hospitals

7073.5 19.50

Dr Reddy's Labs

1283.5 0.10

Titan Company

3925.8 -8.00

SBI

971.9 -2.40

Shriram Finance

957.8 22.95

Bharat Electron

399.4 0.45

Kotak Mah. Bank

2162.7 13.00

Infosys

1668.3 -21.30

Bajaj Finance

1011.4 3.60

Adani Enterp.

2248.8 -14.70

Sun Pharma.Inds.

1755.9 -13.90

JSW Steel

1096.8 1.90

HDFC Bank

996.6 8.90

TCS

3310 -14.90

ICICI Bank

1363 -5.50

Power Grid Corpn

267 2.00

Maruti Suzuki

16585 -64.00

Axis Bank

1225 -8.20

HCL Technologies

1679.9 9.60

O N G C

235.49 1.31

NTPC

323.25 2.55

Coal India

400.4 14.15

Bharti Airtel

2122.9 -24.70

Tech Mahindra

1633 -13.70

Jio Financial

298.7 -0.05

Adani Ports

1493.6 -15.10

HDFC Life Insur.

763.95 2.15

SBI Life Insuran

2024.8 2.50

Max Healthcare

1075.2 -2.40

UltraTech Cem.

11678 146.00

Bajaj Auto

9099 -65.00

Bajaj Finserv

2047.6 -2.20

Interglobe Aviat

5157 11.50

Eternal

284.35 -2.35

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 48384.75
228.85 0.48%
S&P 500 6899.94
44.44 0.65%
HANG SENG 25774.15
-27.63 -0.11%
NIKKEI 225 50367.86
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FTSE 100 9857.40
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NIFTY 26177.15
4.75 0.02%
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