GIFT Nifty:
The GIFT Nifty September futures contract is up 121 points, suggesting a strong start for the Nifty 50.
Click here to connect with us on WhatsApp
Institutional Flows:
Foreign portfolio investors (FPIs) bought shares worth Rs 14,064.05 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 4,427.08 crore in the Indian equity market on 20 September 2024, provisional data showed.
FPIs have bought shares worth over Rs 29148.05 crore in September 2024 (so far). They sold shares worth 21,368.51 crore in August 2024.
Global Markets:
More From This Section
Dow Jones Futures were up 69 points, indicating a strong opening in the US stock market today.
Asian markets traded higher on Monday, buoyed by continued optimism surrounding recent interest rate cuts. The People's Bank of China (PBOC) loosened monetary conditions by reducing its 14-day reverse repo rate. While this move provided a positive impetus, gains were tempered by the PBOC's recent decision to maintain its benchmark loan prime rate.
Regional trading activity was subdued due to a market holiday in Japan. However, Asian markets were building on strong gains from the previous week, following the Federal Reserve's interest rate cut and the initiation of an easing cycle. Investors were eagerly awaiting key economic indicators and statements from U.S. officials for further insights into the Fed's monetary policy path.
On Wall Street, the Dow Jones Industrial Average closed at a new record high on Friday, despite a mixed performance overall. The 30-stock Dow inched up 0.09%, for a new closing high of 42,063.36. The S&P 500 pulled back 0.19%, and the Nasdaq Composite dropped 0.36%. Investors weighed potential risks to economic growth and priced in more aggressive rate cuts than indicated by the Fed's "dot plot" projections.
Domestic Market:
The headline equity indices settled at record high level on Friday, rising for the second day in a row. The Nifty settled above the 25,750 mark and Sensex closed above 84,500 mark. The S&P BSE Sensex climbed 1,359.51 points or 1.63% to 84,544.31. The Nifty 50 index advanced 375.15 points or 1.48% to 25,790.95.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
 "semiconductors")
 "India, US, Prime minister Modi, US President Joe Biden")
 "Stock market")
 "manba finance IPO")
 "Rachin Ravindra vs SA in Tests")
