Asian Paints
2878.9 109.10
Cipla
1526.9 7.60
Eicher Motors
6942 63.00
Nestle India
1275.5 -2.70
Grasim Inds
2777.6 10.20
Hindalco Inds.
812.25 17.85
Hind. Unilever
2408.4 -16.10
ITC
406.1 -0.90
Trent
4344.2 -31.60
Larsen & Toubro
4002.1 47.50
M & M
3705.2 -49.10
Reliance Industr
1511 -0.50
Tata Consumer
1154.8 -7.20
Tata Motors PVeh
398.25 -3.90
Tata Steel
176.77 -1.84
Wipro
245.31 0.09
Apollo Hospitals
7432 -66.00
Dr Reddy's Labs
1234.6 5.00
Titan Company
3835.1 -16.00
SBI
955.8 -1.35
Shriram Finance
814.3 -8.20
Bharat Electron
419.7 -5.05
Kotak Mah. Bank
2075.7 -8.80
Infosys
1545 -6.70
Bajaj Finance
1005.2 -8.00
Adani Enterp.
2482 -2.50
Sun Pharma.Inds.
1738.7 6.60
JSW Steel
1182.7 0.90
HDFC Bank
986.75 -2.75
TCS
3103.7 -28.10
ICICI Bank
1385.8 26.90
Power Grid Corpn
269.8 2.70
Maruti Suzuki
15761 65.00
Axis Bank
1224.2 2.60
HCL Technologies
1598.1 4.10
O N G C
250.55 -3.30
NTPC
326.55 -0.60
Coal India
383.25 -3.25
Bharti Airtel
2090.8 17.00
Tech Mahindra
1450.7 -5.40
Adani Ports
1501.8 -5.10
HDFC Life Insur.
782.75 -0.35
SBI Life Insuran
1986.2 -10.50
Max Healthcare
1096.1 -7.50
UltraTech Cem.
11942 21.00
Bajaj Auto
8866 -2.00
Bajaj Finserv
2057 21.50
Interglobe Aviat
5901.5 106.00
Eternal Ltd
298.2 -10.60
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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