Adani Enterp.

2968.35down-arrow-22.65

Adani Ports

1452.1down-arrow-20.50

Apollo Hospitals

7019.15down-arrow-42.65

Asian Paints

3358.05down-arrow-25.20

Axis Bank

1217.45down-arrow14.10

B P C L

342.3down-arrow-2.00

Bajaj Auto

11737.15down-arrow13.65

Bajaj Finance

7598.5down-arrow170.20

Bajaj Finserv

1894.45down-arrow39.60

Bharti Airtel

1634.45down-arrow-12.30

Britannia Inds.

6133.1down-arrow23.85

Cipla

1659.7down-arrow2.45

Coal India

490.25down-arrow-5.40

Divi's Lab.

5498.65down-arrow15.85

Dr Reddy's Labs

6660.7down-arrow-23.15

Eicher Motors

4858.3down-arrow-16.70

Grasim Inds

2784.35down-arrow27.25

HCL Technologies

1812.8down-arrow5.20

HDFC Bank

1665.95down-arrow-0.65

HDFC Life Insur.

705.4down-arrow-9.15

Hero Motocorp

5795.8down-arrow-7.35

Hind. Unilever

2932.95down-arrow-23.45

Hindalco Inds.

673.25down-arrow-2.95

ICICI Bank

1250.35down-arrow-1.80

IndusInd Bank

1464.05down-arrow20.70

Infosys

1944.1down-arrow-6.35

ITC

513.85down-arrow-5.65

JSW Steel

954.55down-arrow-0.25

Kotak Mah. Bank

1820.35down-arrow-7.10

Larsen & Toubro

3613down-arrow-9.00

LTIMindtree

6416.2down-arrow23.85

M & M

2739.1down-arrow-1.80

Maruti Suzuki

12316.05down-arrow-84.80

Nestle India

2531.4down-arrow3.55

NTPC

401.4down-arrow-3.45

O N G C

291.45down-arrow-2.60

Power Grid Corpn

337.25down-arrow-0.95

Reliance Industr

2945.25down-arrow-14.35

SBI Life Insuran

1846.5down-arrow-29.45

Shriram Finance

3368.25down-arrow-32.50

St Bk of India

790.85down-arrow3.10

Sun Pharma.Inds.

1853.75down-arrow-11.65

Tata Consumer

1210.3down-arrow-12.45

Tata Motors

992.1down-arrow5.95

Tata Steel

153.49down-arrow1.75

TCS

4522.6down-arrow4.90

Tech Mahindra

1656.05down-arrow12.80

Titan Company

3767down-arrow2.75

UltraTech Cem.

11717.95down-arrow7.70

Wipro

550.6down-arrow20.55

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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