Share Market Today: Insights into Nifty Levels, CPI Data, and IPO Watch

Share market today suggests a bright start for Indian benchmarks, with the Nifty expected to climb as GIFT Nifty futures indicate a gap-up opening. At 6:42 AM, GIFT Nifty futures ticked up by 120.5 points, reflecting optimism after a spirited session on Wall Street, where the Dow Jones increased by 0.31%, largely fueled by improvements in technology stocks.

The tech sector gained traction on the U.S. market, significantly propelled by market reactions to Nvidia's performance following reports on potential chip exports. Additionally, the latest consumer price index (CPI) data revealed a 0.2% increase for August, aligning with July metrics but raising concerns about potential rate cuts in 2024.

Asian markets displayed a mixed bag, with the Nikkei gaining 3.38% and Kospi rising by 1.08%. Investors worldwide are keeping a vigilant eye on the release of critical economic data from India about industrial production and inflation.

Oil prices remain stable amid fluctuating demand scenarios, and analysts project a cautious trading environment for Thursday, September 12, 2024. Key levels for Nifty and Nifty Bank will guide investor strategies throughout the session.

IPO Watch: P N Gadgil Jewellers' subscription closes today, while Shree Tirupati Balajee Agro Trading Company is set for its market debut.