Asian Paints

2957.2 3.70

Cipla

1521 13.00

Eicher Motors

7100 18.50

Nestle India

1242.4 0.50

Grasim Inds

2730.4 10.10

Hindalco Inds.

810.8 -5.50

Hind. Unilever

2462.2 14.20

ITC

403.05 2.55

Trent

4215.8 27.60

Larsen & Toubro

3983.6 -4.40

M & M

3671.6 22.20

Reliance Industr

1535.6 -3.20

Tata Consumer

1148.4 8.40

Tata Motors PVeh

356.45 -0.40

Tata Steel

166.77 -0.15

Wipro

256.93 2.24

Apollo Hospitals

7201 17.00

Dr Reddy's Labs

1277.6 -3.10

Titan Company

3800.4 -17.40

SBI

948.1 -2.95

Shriram Finance

828.15 0.05

Bharat Electron

407.15 3.20

Kotak Mah. Bank

2135.4 -10.70

Infosys

1597.6 18.90

Bajaj Finance

1029.1 7.70

Adani Enterp.

2217.9 28.10

Sun Pharma.Inds.

1818.3 11.60

JSW Steel

1150.6 7.00

HDFC Bank

997.2 -3.30

TCS

3229.2 49.20

ICICI Bank

1386.7 -4.80

Power Grid Corpn

269.1 0.65

Maruti Suzuki

15994 -88.00

Axis Bank

1280 9.30

HCL Technologies

1654.6 14.10

O N G C

242.23 2.21

NTPC

322.95 0.00

Coal India

379.05 3.80

Bharti Airtel

2103.8 17.80

Tech Mahindra

1562.3 20.60

Jio Financial

302.25 1.25

Adani Ports

1505.6 7.90

HDFC Life Insur.

760.8 8.85

SBI Life Insuran

2002.9 30.10

Max Healthcare

1083.9 -2.10

UltraTech Cem.

11608 17.00

Bajaj Auto

9085 84.50

Bajaj Finserv

2049.2 3.20

Interglobe Aviat

5436.5 -159.00

Eternal Ltd

295.75 -2.00

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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