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

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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