Sensex and Nifty Set to Open Lower as Global Markets Signal Caution

Thursday, 3 October 2024, 19:01

Sensex and Nifty, the benchmarks of Indian equity markets, are set to see a negative opening today as global cues indicate a hesitant trading environment. With rising geopolitical tensions impacting investor sentiment and commodity sectors, staying alert to these shifts is essential for market participants.
Moneycontrol
Sensex and Nifty Set to Open Lower as Global Markets Signal Caution

Market Overview

As of October 4, both the Sensex and Nifty are poised for a challenging start, tracking the GIFT Nifty which is trading around 25,417. Indian equity indices experienced a decline on October 3, with Nifty dropping below 25,250 amidst geopolitical strains.

Global Market Cues

GIFT Nifty (Down)

  • Trading lower, indicating an adverse start for the day.

Asian Markets (Mixed)

  • Asian equities show mixed results following losses on Wall Street, with the geopolitical landscape causing unease.

US Market Update

US stocks closed lower as investors placed emphasis on upcoming payroll data amid the escalating conflict in the Middle East. The Dow Jones fell 0.44%, reflecting cautious sentiment.

Bond Yields and Currency Trends

  • US 10-Year Treasury Yield declined to 3.83%.
  • Dollar Index remains stable after hitting a six-week high.

Commodity News

  • Gold prices remain steady, while crude oil sees marginal gains amid ongoing Middle East tensions.

Investor Actions

FIIs sold equities worth Rs 15,243 crore on October 3, whereas DIIs bought equities worth Rs 12,914 crore.

Stay tuned for updates as the trading day unfolds.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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