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
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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