Stock Market News Live: Nifty Near 24,700, Sensex Down Over 200 Points At Pre-Open; Sammaan Capital In Focus
The GIFT Nifty was trading near 24,945.50 early Friday. The futures contract based on the benchmark Nifty 50 was trading little changed as of 6:19 a.m.
Stock Market News Live: Nifty 50, Sensex At Pre-Open
Nifty 50 near 24,700 at pre-open while the Sensex was down over 150 points as of 9:06 a.m.
Stock Market News Live: Yield On 10-Year Bond
The yield on the 10-year bond opened higher at 6.50%
Source: Bloomberg
Stock Market News Live: Rupee Vs Dollar Check
Rupee opened 2 paise stronger at 88.67 against the greenback, according to Bloomberg.
It closed at 88.69 a dollar on Wednesday.
Source: Bloomberg
Stock Market News Live: What Brokerages Say
The Nifty 50 index continues to consolidate within a newly defined range, with no change in outlook, according to the latest technical note by CLSA’s Laurence Balanco. The index is currently trading between 24,337–24,432 on the lower end and 25,448–25,669 on the upper end, reflecting a pause in momentum following the breakout from the February–April double-bottom pattern.
Stock Market News Live: Commodity Check
Oil was on track for the biggest weekly decline since late June, ahead of an OPEC+ meeting that’s expected to result in the return of more idled barrels, exacerbating concerns around oversupply. Brent traded near $64 a barrel, down around 8% for the week, while West Texas Intermediate was below $61.
Gold prices headed for a seventh weekly advance, as the US government shutdown added another layer of uncertainty for investors seeking signals on the Federal Reserve’s monetary-easing path. Bullion held near $3,860 an ounce.
