Asian Paints
2507.8 98.10
Cipla
1577.6 8.20
Eicher Motors
7042.5 54.50
Nestle India
1289.5 12.90
Grasim Inds
2836.2 -23.60
Hindalco Inds.
772.8 -7.30
Hind. Unilever
2603.7 42.20
ITC
412.15 7.00
Trent
4814.4 21.00
Larsen & Toubro
3839.4 -22.40
M & M
3647.2 86.40
Reliance Industr
1416.8 18.50
Tata Consumer
1166 16.70
Tata Motors
396.6 -0.20
Tata Steel
172.22 -1.78
Wipro
240.9 -12.91
Apollo Hospitals
7901.5 68.00
Dr Reddy's Labs
1255.9 15.70
Titan Company
3674.8 34.50
SBI
889.15 2.20
Shriram Finance
675.5 3.00
Bharat Electron
412.8 1.00
Kotak Mah. Bank
2205.8 0.40
Infosys
1441.1 -30.40
Bajaj Finance
1070.1 4.35
Adani Enterp.
2549.4 -8.20
Sun Pharma.Inds.
1679.1 20.10
JSW Steel
1163.3 -8.80
HDFC Bank
1002.55 8.20
TCS
2962.2 -8.50
ICICI Bank
1436.6 19.30
Power Grid Corpn
289.75 -2.10
Maruti Suzuki
16401 103.00
Axis Bank
1200.2 3.90
HCL Technologies
1486.2 -28.80
O N G C
247.69 -0.66
NTPC
341 -0.50
Coal India
388.8 1.20
Bharti Airtel
2012 44.60
Tech Mahindra
1447.6 -16.20
Adani Ports
1479.4 -0.10
HDFC Life Insur.
745.95 3.10
SBI Life Insuran
1844.1 8.40
Max Healthcare
1202.7 27.40
UltraTech Cem.
12370 12.00
Bajaj Auto
9150.5 -1.00
Bajaj Finserv
2083.7 -6.50
Interglobe Aviat
5848 -33.00
Eternal Ltd
342.65 -5.20
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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