- Home
- About us
- Products & Services
-
Wellworth Insurance
- Back Office
- Market Analysis
- Invest Options
- Corp Info
- Reports
GIFT Nifty:
Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 21 points at the opening bell.
Global markets:
Overseas, Asian markets fell Wednesday, with stocks in South Korea and Taiwan leading declines as major tech firms including chipmakers came under pressure after Barclays downgraded Apple. Apple shares dropped on Tuesday, after Barclays cut the iPhone maker?s rating to underweight and trimmed its price target to $160 from $161. Japan?s markets are closed until Thursday.
US stocks retreated Tuesday, setting Wall Street up for a downbeat start to 2024 after a winning year that left the S&P 500 just short of a new record high. Tech stocks lost ground after Barclays analysts downgraded their rating on Apple's stock, citing concerns about demand for new iPhones.
The U.S. manufacturing sector shrank more than expected in December, according to a new purchasing manager?s index from S&P Global. The Manufacturing PMI came in at 47.9 in December, down from 49.4 in November.
Market focus is now on the Fed minutes for the December policy meeting due later in the day. The ISM survey on U.S. manufacturing is also due later on Wednesday, as well as job openings data, before a private payrolls report and jobless claims results on Thursday. The closely watched U.S. nonfarm payrolls report is due on Friday.
Domestic markets:
Back home, the stock market saw a dip on Monday due to profit-booking at higher levels and concerns over Red Sea disruptions in the global supply chain and freight costs. The barometer index, the S&P BSE Sensex shed 379.46 points or 0.53% to 71,892.48. The Nifty 50 index declined 76.10 points or 0.35% to 21,665.80.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,602.16 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,959.04 crore in the Indian equity market on 2 January, provisional data showed.
Powered by Capital Market - Live News