Nifty50 adds 90 points in pre-open
Nifty50 adds 90.20 points or 0.36 per cent to 24,913.35 levels.
Stock Market LIVE Updates: Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 73,030
Stock Market LIVE Updates: Gold Price Today: The price of 24-carat gold dipped Rs 10 in early trade on Monday, with ten grams of the precious metal trading at Rs 73,030 according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 87,900.
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,940. READ MORE
Stock Market LIVE Updates: Asia shares edge up ahead of inflation data today, oil price gains
Stock Market LIVE Updates: Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe.
Oil prices climbed 0.7% after Israel and Hezabollah traded rocket salvos and air strikes on Sunday, stirring worries about possible supply disruptions if the conflict escalated.
Brent rose 51 cents to $79.53 a barrel, while U.S. crude added 50 cents to $75.33 per barrel. READ MORE
Share market today: US Fed rate, Israel war, Interarch IPO listing in focus
Share market today: Indian markets are set to open higher amid strength in US stocks. The US market was rallied after the US Fed Chairman Jerome Powell, at the Jackson Holes Symposium, ignalled at a likely rate cut in September. At around 7:00 AM, GIFT Nifty futures were up 63.3 points at 24,918.
The US markets, on Friday, edged higher with the S&P 500 finishing up 1.15 per cent, while the Nasdaq Composite up 1.47 per cent. The Dow Jones Industrial Average rose 1.14 per cent.
Asia-Pacific markets, however, were mixed after Hezbollah, on Sunday, launched hundreds of rockets and drones at Israel while Israel’s military said it struck Lebanon with around 100 jets to thwart a larger attack. READ MORE
Stock Market LIVE Updates: India’s GDP growth likely to have moderated in June quarter: Analysts
Stock Market LIVE Updates: Growth in gross domestic product (GDP) is likely to have moderated in the June quarter this financial year owing to a slowdown in key drivers because of the Lok Sabha elections and a high base effect, according to analysts.
This comes in the wake of the Indian economy experiencing strong growth rates of above 7.5 per cent in all four quarters in FY24.
The Reserve Bank of India (RBI) has predicted 7.1 per cent growth for Q1FY25.
The National Statistical Office (NSO) will release the Q1 growth numbers on Friday. READ MORE
Stock Market LIVE Updates: Oil prices gain as IsraelIran war risks drawing in neighbours
Stock Market LIVE Updates: Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while imminent U.S. interest rate cuts lifted the global economic and fuel demand outlook.
Brent crude futures climbed 0.5 per cent, to $79.39 a barrel by 8:00 AM while US crude futures were at $75.19 a barrel, up 0.5 per cent.
In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as Israel’s military said it struck Lebanon with around 100 jets to thwart a larger attack.
The clash raises fears that the Gaza conflict risks morphing into a regional conflagration drawing in Hezbollah’s backer Iran and Israel’s main ally the United States.
Both oil benchmarks gained more than 2% on Friday after U.S. Federal Reserve Chair Jerome Powell endorsed an imminent start to interest rate cuts.
Stock Market LIVE Updates: Asian markets cautious ahead of inflation data
Stock Market LIVE Updates: Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe.
On Monday, S&P 500 futures and Nasdaq futures were steady after starting a shade lower.
EUROSTOXX 50 futures dipped 0.2%, while FTSE futures were closed for a holiday.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.8%, after rising 1.1% last week, while South Korea barely changed. Chinese blue chips were also near flat.
Japan’s Nikkei lost 1.0% as a stronger yen pressured exporter stocks.
Stock Market LIVE Updates: US markets close higher after Powell’s dovish comments on interest rate cut cycle
Stock Market LIVE Updates: US stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September.
In highly anticipated comments before the Jackson Hole Economic Symposium, Powell said “the time has come” to lower the Fed funds target rate, and “the upside risks of inflation have diminished.”
“We do not see or welcome further weakening in labor market conditions,” Powell added in a speech that appeared to all but guarantee a rate cut at next month’s policy meeting, which would be the first such cut in over four years.
All three indexes logged weekly advances, standing on the shoulders of last week’s largest Friday-to-Friday percentage gains of the year.
The Dow Jones Industrial Average rose 1.14 per cent, to 41,175.08, the S&P 500 gained 1.15 per cent, to 5,634.61 and the Nasdaq Composite added 1.47 per cent, to 17,877.79.
