Stock Market Today: Key Developments for Sensex and Nifty in Indian Markets

Tuesday, 3 September 2024, 06:14

Stock market updates highlight significant changes impacting the Indian stock market today, with mixed influences from global cues. The Sensex and Nifty are poised for a cautious opening as investors await critical US jobs data. Major fluctuations in the US dollar and oil prices are also noteworthy.
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Stock Market Today: Key Developments for Sensex and Nifty in Indian Markets

Key Changes in Stock Market Today

Stock market movements reveal key updates regarding the Indian stock market today, as the domestic equity indices, Sensex and Nifty 50, anticipate a flat opening on Tuesday due to mixed signals from the global atmosphere. Overall, Asian markets are primarily bullish while US futures reflect a slight dip after a holiday. Notably, on Monday, the Indian stock market reported gains, with benchmark indices setting new records. The Sensex rose by 194.07 points, closing at 82,559.84, and the Nifty 50 scaled up by 42.80 points to reach 25,278.70.

Global Market Cues

  • Asian Markets: Most Asian markets advanced, bolstered by recently released inflation data from South Korea. Japan's Nikkei 225 saw an increase of 0.18%, while the Topix added 0.38%. Conversely, the Hang Seng index futures indicated a lower opening.
  • Gift Nifty Today: Gift Nifty showed trading around the 25,355 mark, presenting a premium of approximately 17 points over the previous Nifty futures close.

US Market Overview

The US stock market was closed due to the Labor Day holiday, affecting futures related to the Dow Jones, which slipped 0.1%. Meanwhile, minor gains were observed in Nasdaq-100 futures.

Oil and Gold Price Movements

  • Oil Prices: Crude oil prices softened amidst concerns regarding China's economy, with Brent Oil declining by 0.36% to $77.24 per barrel.
  • Gold Prices: Spot gold prices saw a slight decrease, resting at $2,495.79 per ounce following anticipations about critical economic data influencing potential interest rate changes.

Dollar Dynamics

The dollar remains strong, maintaining a position just below its two-week high against both the yen and the euro.


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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