Adani Enterp.

2598.2 16.90

Adani Ports

1445.1 12.10

Apollo Hospitals

7360.5 140.50

Asian Paints

2393.5 -8.10

Axis Bank

1165.9 -6.80

Bajaj Auto

8311 223.50

Bajaj Finance

928.4 9.55

Bajaj Finserv

2036.5 32.90

Bharat Electron

408.95 1.65

Bharti Airtel

1934.2 13.30

Cipla

1490.9 6.90

Coal India

386.45 2.60

Dr Reddy's Labs

1260.9 10.30

Eicher Motors

5591 50.50

Eternal Ltd

266.45 -4.15

Grasim Inds

2778.6 -5.80

HCL Technologies

1566.4 -53.40

HDFC Bank

1995.5 12.50

HDFC Life Insur.

756.85 -7.90

Hero Motocorp

4454 202.30

Hind. Unilever

2526.9 10.30

Hindalco Inds.

670.85 4.35

ICICI Bank

1430.8 7.80

IndusInd Bank

881 13.40

Infosys

1585.6 15.30

ITC

422.1 2.70

JSW Steel

1035 -3.90

Kotak Mah. Bank

2188.1 -15.70

Larsen & Toubro

3494 -1.90

M & M

3128.6 36.50

Maruti Suzuki

12536 22.00

Nestle India

2416.3 23.40

NTPC

342 -0.10

O N G C

243.67 -0.55

Power Grid Corpn

298.05 -0.15

Reliance Industr

1485.4 1.70

SBI Life Insuran

1824.8 -26.50

Shriram Finance

684.45 14.70

St Bk of India

816.45 7.60

Sun Pharma.Inds.

1727.5 44.90

Tata Consumer

1081.8 10.00

Tata Motors

684.4 9.90

Tata Steel

159 -1.44

TCS

3252.3 29.60

Tech Mahindra

1579 2.30

Titan Company

3415 10.30

Trent

5390 75.50

UltraTech Cem.

12502 -14.00

Wipro

257.4 3.15

Pre-Session - Detailed News Back
Shares may rebound as selloff takes breather
05-Sep-24   08:35 Hrs IST

GIFT Nifty:

The GIFT Nifty September futures contract is up 10 points, suggesting a positive start for the Nifty 50.

Foreign portfolio investors (FPIs) bought shares worth Rs 975.46 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 97.35 crore in the Indian equity market on 4 September 2024, provisional data showed.

FPIs have bought shares worth over Rs 3740.17 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 12 points, indicating a negative opening in the US stocks today.

Asian markets rebounded from Wednesday's decline as global bond yields retreated. A weaker-than-expected US job market report fueled speculation that the Federal Reserve might implement a more aggressive rate cut in September. While Japan's equity benchmark continued to falter, the yen strengthened and the dollar weakened, suggesting expectations for significant rate cuts.

The US job openings data for July, at 7.67 million, fell below estimates. This marked the lowest level since early 2021, indicating a potential challenge in achieving a soft landing for the world's largest economy. Market participants will closely monitor the upcoming August economic report on Friday, which could further influence the magnitude of rate cuts.

China's economic difficulties intensified as JPMorgan strategists downgraded the country's stock outlook. Citing a challenging economic landscape and heightened volatility surrounding the US election, they lowered their rating from overweight to neutral. In an attempt to stimulate the property market and broader economy, China is considering interest rate cuts on a significant portion of its mortgage debt.

A notable development saw India surpass China as the largest weighting in the MSCI EM investable market index (IMI).

US stock markets experienced a mixed start to September. The S&P 500 and Nasdaq Composite declined for a second consecutive day Wednesday, while the Dow Jones Industrial Average gained slightly. A temporary return to a normal yield curve provided some support to US stocks, easing recession concerns that had previously plagued investors.

Domestic Market:

The domestic equity benchmarks ended with minor losses on Wednesday. The Nifty snapped its 14-day winning streak and settled a tad below the 25,200 level. Global market jitters over a potential US economic slowdown and anticipation of key economic data weighed on sentiment. Despite early losses, selective buying in large-cap stocks helped limit the decline. Healthcare and pharma sectors outperformed, while IT and PSU banks faced selling pressure.

The S&P BSE Sensex slipped 202.80 points or 0.25% to 82,352.64. The Nifty 50 index declined 81.15 points or 0.32% to 25,198.70. The 50-unit index had risen 4.73% in the past 14 consecutive sessions.

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