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
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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