Asian Paints
2464 23.70
Cipla
1240.8 10.30
Eicher Motors
7189.5 58.50
Nestle India
1285.6 28.20
Grasim Inds
2720.5 3.20
Hindalco Inds.
1039 -0.90
Hind. Unilever
2240.8 101.70
ITC
306.8 3.40
Trent
4107.7 24.40
Larsen & Toubro
4096.1 -23.70
M & M
3200.2 -22.10
Reliance Industries
1365 21.70
Tata Consumer
1113.2 10.60
Tata Motors PVeh
360.1 3.80
Tata Steel
212.12 1.43
Wipro
204.32 -5.94
Apollo Hospitals
7699 146.00
Dr Reddy's Labs
1235.7 14.30
Titan Company
4525.9 64.50
SBI
1080.25 13.10
Shriram Finance
1036.95 14.20
Bharat Electron
462.75 7.10
Kotak Mah. Bank
383.6 4.45
Infosys
1318.7 -0.50
Bajaj Finance
908.25 2.35
Adani Enterp.
2218.3 14.60
Sun Pharma.Inds.
1675.5 -17.60
JSW Steel
1240.3 25.40
HDFC Bank
799.9 4.45
TCS
2581.5 4.60
ICICI Bank
1346.8 1.30
Power Grid Corpn
318.1 5.85
Maruti Suzuki
13453 118.00
Axis Bank
1359.1 9.50
HCL Technologies
1442.3 -7.90
O N G C
284.05 1.30
NTPC
393.6 2.80
Coal India
438.75 6.00
Bharti Airtel
1846.9 6.30
Tech Mahindra
1511.4 20.40
Jio Financial
243.86 2.59
Adani Ports
1573.4 23.60
HDFC Life Insur.
616.45 -15.05
SBI Life Insuran
1970.9 -3.80
Max Healthcare
1007.65 17.00
UltraTech Cem.
11886 60.00
Bajaj Auto
9773.5 -51.50
Bajaj Finserv
1838.9 9.00
Interglobe Aviat
4638.4 29.70
Eternal
252.61 -0.09
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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