A+ A A- Skip to main content

Asian Paints

2748.1 8.80

Cipla

1373.2 -8.10

Eicher Motors

7560.5 -64.00

Nestle India

1391.7 17.00

Grasim Inds

3140.3 -24.20

Hindalco Inds.

982.4 -31.50

Hind. Unilever

2199.9 43.80

ITC

291.65 3.75

Trent

2897.8 -3.30

Larsen & Toubro

4186.4 16.60

M & M

3137.9 3.60

Reliance Industries

1328.8 21.80

Tata Consumer

1130.9 30.50

Tata Motors PVeh

393.6 -2.80

Tata Steel

196 -1.28

Wipro

182.67 1.29

Apollo Hospitals

8390.5 -78.00

Dr Reddy's Labs

1276.9 -2.60

Titan Company

4338 54.50

SBI

1015.3 -5.55

Shriram Finance

1005.75 5.10

Bharat Electron

407.55 -2.00

Kotak Mah. Bank

407.85 2.10

Infosys

1143.6 8.70

Bajaj Finance

959.65 17.35

Adani Enterp.

2943.6 1.10

Sun Pharma.Inds.

1800.7 -5.30

JSW Steel

1274.3 -22.20

HDFC Bank

784.9 7.55

TCS

2199 37.00

ICICI Bank

1334.3 6.70

Power Grid Corpn

285.15 -0.55

Maruti Suzuki

13691 -114.00

Axis Bank

1365.7 -2.60

HCL Technologies

1159 39.70

O N G C

248.2 4.55

NTPC

355.55 7.45

Coal India

450.95 6.90

Bharti Airtel

1853 11.80

Tech Mahindra

1446.8 21.20

Jio Financial

241.95 2.43

Adani Ports

1822 17.20

HDFC Life Insur.

574.4 -6.80

SBI Life Insuran

1767.6 8.10

Max Healthcare

1024.1 -4.80

UltraTech Cem.

11391 -75.00

Bajaj Auto

9939 -4.00

Bajaj Finserv

1787.3 37.10

Interglobe Aviat

4840 -40.40

Eternal

253.6 1.60

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.

Powered by Capital Market - Live News


DJIA 51705.57
482.31 0.94%
S&P 500 7575.20
122.74 1.65%
HANG SENG 24493.96
-348.72 -1.40%
NIKKEI 225 69393.70
76.20 0.11%
FTSE 100 10504.45
73.83 0.71%
NIFTY 23989.15
135.25 0.57%
×
Ask Your Question
close
refresh