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Home > Stock Market Updates > Market Savera - 05/09/2024
Podcast: Stock Market Updates
Episode:

Market Savera - 05/09/2024
Category: Business
Duration: 00:02:38
Publish Date: 2024-09-05 03:17:37
Description:

U.S. stocks finished mostly lower on Wednesday, with the S&P 500 and Nasdaq closing lower for the fourth time in the past five sessions, as investors continued to focus on the prospect of an economic slowdown. The 10-year yield dropped 7.6 basis points to 3.768% or the lowest level since July 19, 2023.

U.S. manufacturing data helped trigger a widespread selloff.

Oil futures settled lower on Wednesday, with U.S. benchmark prices dipping below $70 a barrel for the first time since December

Reliance wins bid for 10 GWh of battery manufacturing capacity under PLI scheme

Century Textiles to acquire land for Rs 400cr at Kalwa

Sona BLW Precision Forgings to raise Rs 2400cr through QIP


Asian stocks rose on Thursday after a global selloff as traders awaited this week’s US payrolls data to gauge the extent of the Federal Reserve’s easing.

Nifty opened sharply lower on the back of weak global markets. Markets went on to make a smart recovery of 155 points from the day’s low and closed at 25198 with a loss of 81 points or 0.32%. Nifty found support near the previous swing high of 25078, registered on 1st Aug 2024 and reversed north. The band of 25000-25078 is expected to provide support to the Nifty, while 25300-25350 band could offer resistance in the near term.

Indian markets could open higher, in line with mostly higher Asian markets today and despite mostly negative US markets on Sept 04
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