Stock Market: Opening Bell

Daily Market Updates Opening Bell
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5 Things to Know Before Market Opens on September 5

Gift Nifty indicating positive signs for Indian benchmark indices. Check out 5 things to know before the market opens.

The Indian benchmark indices are likely to benefit on September 05 as the Gifty Nifty presented a positive start for the Nifty 50 and Sensex. At 07:50 AM, Gift Nifty was trading at 25,348.00, at a premium of 81.50 points or 0.32%.

Previous Trading Session

On September 04, 2024, the domestic equity market indices settled lower amid weak global cues. The Sensex dropped 202.80 points to close at 82,352.64, while the Nifty 50 ended the trading session 81.15 points, or 0.32%, lower at 25,198.70.

FII and DII

On September 04, FIIs and DIIs bought securities worth ₹ 975.46 crore and ₹ 97.35 crore, respectively.

Put Call Ratio

On September 4, the Nifty Put-Call ratio (PCR), which gauges the market’s mood, fell to 1.08 from 1.2 levels in the previous session.

When the PCR rises to a level above 0.7 or above 1, it signifies that traders are selling more Put options than Call options, a sign that the market’s bullish attitude is solidifying. Indicating a bearish sentiment in the market, the ratio suggests that selling in calls is greater than selling in puts when it drops below 0.7 or approaches 0.5.

Crude Oil and Gold Prices

Due to concerns about demand in the upcoming months, crude oil futures fell more than 1% for the third day in a row, including a more than 4% loss on Tuesday.

Petroleum producers gave conflicting signals regarding supply increases, contributing to the decline in petroleum prices and pessimism about demand in the upcoming months.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know about the Market on September 6, 2024

Following the release of weekly unemployment claims data, Asian markets primarily saw negative trading overnight, while the US stock market ended the night neutral.

On Friday, September 6, 2024, the Indian benchmark indices Nifty 50 and Sensex are likely to be impacted due to weakness in global markets. At 08:01 AM, Gifty Nifty traded at 25,199.50, reflecting a fall of 55.50 points or 0.22%.

Previous Trading Session

On September 5, the domestic equity indices ended lower, pushed by selling in select heavyweights and weak global cues. The Sensex dropped 151.48 points, or 0.18%, to close at 82,201.16, while the Nifty 50 ended 53.60 points, or 0.21%, lower at 25,145.10.

FII and DIIs

DII showcased confidence in the market and bought securities worth ₹2,970.74 crore, while FIIs sold securities worth ₹688.69 crore.

Put Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the market’s mood, jumped to 1.33 on September 5 from 1.08 levels in the previous session.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in the Call option is higher than selling in the Put option, reflecting a bearish mood in the market.

Crude and Gold Prices

In the energy markets, oil finished the session unchanged, with concerns over US and Chinese demand and a possible increase in supplies from Libya offsetting a significant, optimistic drawdown from US stocks and a postponement of OPEC+ countries’ plans to raise output.

US crude fell 0.7%, or 5 cents, to close at $69.15 a barrel, its lowest closing level since December for the second day in a row. It was the 3rd consecutive day that Brent crude closed at its lowest level since June 2023, at $72.69 a barrel, down 1 cent on the day. Spot gold added 0.85% to $2,515.31 an ounce. US gold futures gained 0.57% to $2,507.60 an ounce.

Asian Markets

On Friday, Asian markets were mostly lower due to the mixed cues from Wall Street overnight and the release of Japan’s household spending data. The Nikkei 225 in Japan was slightly down, and the Topix dropped by 0.42%. The Kosdaq fell 1.41%, and the Kospi fell 0.8% in South Korea. Futures for the Hong Kong Hang Seng index pointed to a lower opening. The CSI 300 futures for China’s mainland were slightly lower.

US Markets

The S&P 500 slipped 16.66 points, or 0.30%, to 5,503.41, while the Dow Jones Industrial Average fell 219.22 points, or 0.54%, to 40,755.75. At 17,127.66, the Nasdaq Composite closed 0.25%, or 43.37 points, higher.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know About the Market on September 9, 2024

The sentiment of the Indian market has turned red as Asian markets traded in the red, while the US stock market ended sharply lower on Friday.

On Monday, September 9, 2024, the Indian benchmark indices, Nifty 50 and Sensex, are likely to be impacted due to a sell-off in US markets on Friday, September 6, 2024. At 07:50 AM, Gifty Nifty traded at 24,773.50, reflecting a fall of 153.50 points or 0.62%.

Previous Trading Session

On September 6, the domestic equity indices ended sharply lower, pushed by selling across the bourses due to the negative global cues. The Sensex tumbled 1,017.23 points, or 1.24%, to close at 81,183.93, while the Nifty 50 plummeted 292.95 points, or 1.17%, lower at 24,852.15.

FII and DIIs

On Friday, DIIs bought securities worth ₹2,121.53 crore, while FIIs sold securities worth ₹620.95 crore.

Put Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, plunged to 0.92 on September 6, from 1.33 levels in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Call Options is higher than selling in Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

In the commodity markets, gold stood at $2,496 per ounce, which was below its most recent all-time high of $2.531 due to the decline in bond yields. Amidst ongoing worries about worldwide demand, oil prices saw their largest weekly decline in 11 months last week before seeing some support. U.S. crude firmed 60 cents to $68.27 a barrel, while Brent climbed 57 cents to $71.63 per barrel.

Asian Markets

On Monday, Asian markets traded lower, with Japan’s Nikkei 225 leading losses in the region.

US Markets

On Friday, Wall Street indexes fell sharply. The Dow Jones Industrial Average fell 410.34 points, or 1.01%, to 40,345.41, the S&P 500 lost 94.99 points, or 1.73%, to 5,408.42, and the Nasdaq Composite lost 436.83 points, or 2.55%, to 16,690.83.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 10, 2024

The domestic equity indices are to be supported by the gains in Monday’s US markets and higher Asian markets.

The Indian benchmark indices, Nifty 50 and Sensex, are likely to benefit on Tuesday, September 10, 2024, due to gains in global markets on Monday, September 9, 2024. At 08:13 AM, Gifty Nifty traded at 25051.50, reflecting a rise of 71.50 points or 0.29%.

Previous Trading Session

On September 9, 2024, the Indian stock market indices rebounded to end higher, lifted by buying in heavyweights. The Sensex rose 375.61 points, or 0.46%, to close at 81,559.54, while the Nifty 50 settled 84.25 points, or 0.34%, higher at 24,936.40.

FII and DIIs

On Friday, DIIs bought securities worth ₹1,757.02 crore, while FIIs bought securities worth ₹1,176.55 crore.

Put Call Ratio

The Nifty’s PCR stands at 0.96. A PCR above 0.7 or approaching 1 generally indicates bullish sentiment, while a ratio below 0.7 or moving towards 0.5 signals a bearish trend.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Call Options is higher than selling in Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

In the commodity markets, crude saw a rise as oil prices recovered from last week’s significant losses due to supply fears brought on by predictions that a hurricane would strike Louisiana this week. While Brent finished the day at $71.84 per barrel, up 1.10%, US crude climbed 1.54% to conclude at $68.71 per barrel. While investors awaited important inflation data, gold prices maintained steady while retreating from gains. Spot gold increased by 0.4% to $2,505.75 per ounce.

Asian Markets

Following Wall Street’s overnight rally and ahead of regional trade statistics, Asian markets saw higher trading on Tuesday. The Topix gained 0.65%, and the Nikkei 225 of Japan increased by 0.52%. The Kosdaq rose 0.18%, while the Kospi index in South Korea increased by 0.17%. Futures for the Hong Kong Hang Seng index pointed to an opening that was higher.

US Markets

On Monday, the Dow Jones Industrial Average rose 484.28 points, or 1.2%, to 40,829.69, the S&P 500 gained 62.65 points, or 1.16%, at 5,471.07 and the Nasdaq Composite added 193.77 points, or 1.16%, at 16,884.60.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 11, 2024

The Indian benchmark indices are likely to be alarming due to global economic concerns such as falling crude oil prices.

On Wednesday, September 11, 2024, the domestic equity indices, Nifty 50 and Sensex are likely to be impacted by mixed cues from the global markets. At 07:51 AM, Gifty Nifty traded at 25,090.50, reflecting a fall of 24.50 points or 0.10%.

Previous Trading Session

On September 10, 2024, the benchmark indices closed higher, supported by positive global cues. The benchmark Nifty 50 rebound the 25,000 level. The Sensex gained 361.75 points, or 0.44%, to settle at 81,921.29, while the Nifty 50 settled 104.70 points, or 0.42%, higher at 25,041.10.

FII and DIIs

On Tuesday, DIIs sold securities worth ₹275.37 crore, while FIIs bought securities worth ₹2,208.23 crore.

Put Call Ratio (PCR)

The Nifty’s PCR rises to 1.07 from 0.96 the previous session. A PCR above 0.7 or approaching 1 often reflects a bullish mood, whilst a ratio below 0.7 or nearing 0.5 indicates a bearish trend.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Call Options is higher than selling in Put options, reflecting a bearish mood in the market.

Crude Prices

In commodities, oil prices stabilised a bit but still hovered near their lowest in 3 years after OPEC+ revised down its demand forecast for this year and 2025. Brent crude futures were last 0.5% higher at $69.54 a barrel. US West Texas Intermediate (WTI) crude rose 0.6% to $66.16 a barrel.

Asian Markets

On Wednesday, Asian equities slipped as investors braced for US inflation data and an eagerly anticipated presidential debate. Meanwhile, oil prices remained near three-year lows on fears about a dismal demand outlook. Japan’s Nikkei 225 dropped 0.7%, the Topix was down 0.86%, and South Korea’s Kospi fell 0.20%. However, the small-cap Kosdaq index increased 1.61%. Australia’s S&P/ASX 200 was slightly up, while Hong Kong’s Hang Seng index futures were at 17,072, down from the HSI’s previous finish of 17,190.

US Markets

On Tuesday, the US stock market ended mixed, which was pushed by selling pressure in banking and energy stocks. The Dow Jones Industrial Average dropped 92.63 points, or 0.23%, to 40,736.96, while the S&P 500 grew 24.47 points, or 0.45%, to 5,495.52. The Nasdaq Composite ended 141.28 points, or 0.84%, higher at 17,025.88.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 12, 2024

The Indian benchmark indices are likely to be positive, fueled by positive Asian markets and gains in the US market.

On September 11, 2024, the domestic equity indices, Nifty 50 and Sensex are likely to be supported by positive global cues. At 07:51 AM, Gifty Nifty traded at 25,071, reflecting a gain of 92 points or 0.37%.

Previous Trading Session

On September 10, 2024, the Indian equity market ended a volatile session lower, with both indices falling half a per cent each. The Sensex slipped 398.13 points, or 0.49%, to close at 81,523.16, while the Nifty 50 dropped 122.65 points, or 0.49%, lower at 24,918.45.

FII and DIIs

On Tuesday, DIIs bought securities worth ₹230.90 crore, while FIIs bought securities worth ₹1,755.00 crore.

Put Call Ratio (PCR)

In the previous session, the Nifty’s PCR was 1.07; it now stands at 0.88. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Following the sell-off on Tuesday, oil prices steadied as worries about slowing global demand were countered by a decline in US crude inventories and the possibility of supply interruptions from Hurricane Francine.

While Brent finished the day at $70.61 per barrel, up 2.05%, US crude surged 2.37% to conclude at $67.31 per barrel. As expectations for a bigger interest rate cut by the Fed at its policy meeting next week waned, gold prices fell. Spot gold fell by 0.2% to $2,512.30 per ounce.

Asian Markets

Following Wall Street’s overnight surge spearheaded by tech companies, Asian markets saw higher trading on Thursday. Japan’s Topix increased by 2.48%, and the Nikkei 225 increased by 3%. The Kosdaq gained 2.5%, and the Kospi increased by 1.2% in South Korea. Futures on the Hang Seng index in Hong Kong suggested a higher opening, while those on the CSI 300 in China showed a decrease from the close on Wednesday.

US Markets

Wednesday’s closing of the US stock market was positive due to increases in technology stocks. The S&P 500 increased 58.61 points, or 1.07%, to 5,554.13, while the Dow Jones Industrial Average climbed 124.75 points, or 0.31%, to 40,861.71. At 17,395.53, the Nasdaq Composite closed 369.65 points, or 2.17%, higher. The price of Nvidia’s stock surged by 8%, while Goldman Sachs’ and JPMorgan’s shares increased by 0.9% and 0.8%, respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 13, 2024

The Indian stock is showcasing positive cues as Gifty Nifty is trading in positive territory and positive close of the US markets on Thursday.

Positive global cues are likely to support the Indian stock market on September 13, 2024. At 07:45 AM, Gifty Nifty traded at 25,388, reflecting a gain of 40 points or 0.16%.

Previous Trading Session

On Thursday, the domestic equity market closed on a higher note, with both the benchmark indices, Sensex and Nifty 50, creating fresh record highs. The Sensex rose 1,439.55 points, or 1.77%, to close at 82,962.71, while the Nifty 50 ended 470.45 points, or 1.89%, higher at 25,388.90.

FII and DIIs

On September 12, 2024, DIIs sold securities worth ₹1,800.54 crore, while FIIs bought securities worth ₹7,695.00 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.08 as compared to 0.88 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Crude oil prices extended their surge, which was spurred by output disruptions in the US Gulf of Mexico. Brent crude prices climbed 0.5% to $72.31 per barrel, while US West Texas Intermediate crude futures increased 0.6% to $69.35 per barrel. Gold prices rose to a record high, aided by anticipation of a Fed interest rate drop. Spot gold reached a lifetime high of $2,562.66 per ounce, while US gold futures closed 1.5% higher at $2,580.60.

Asian Markets

Asian markets were mixed on Friday. Japan’s Nikkei 225 dipped 0.43%, while the Topix dropped 0.58%. South Korea’s Kospi traded flat, while the Kosdaq fell modestly. Hong Kong’s Hang Seng index futures showed a stronger beginning, while futures for mainland China’s CSI 300 were slightly higher than the previous close. Thursday.

US Markets

The US stock market closed higher on Thursday after the latest inflation data bolstered expectations for a 25-basis-point rate cut by the Fed. The Dow Jones Industrial Average jumped 235.06 points, or 0.58%, to 41,096.77, while the S&P 500 increased 41.63 points, or 0.75%, to 5,595.76. The Nasdaq Composite closed 174.15 points, or 1.00% higher, at 17,569.68.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 16, 2024

Gains in global markets may lift Indian stocks on September 16. Key data: Nifty futures up 40 points, FIIs bought ₹15,982.99 cr, crude and gold prices rise, mixed Asian market.

Gains in the global market are likely to support the Indian stock market on September 16, 2024. At 07:45 AM, Gifty Nifty traded at 25,388, reflecting a gain of 40 points or 0.16%.

Previous Trading Session

On Friday, the Indian stock market saw small losses due to profit-taking at higher levels. The Sensex dropped by 71.77 points (0.09%) to finish at 82,890.94, while the Nifty 50 fell 32.40 points (0.13%) to close at 25,356.50.

FII and DIIs

On September 13, 2024, DIIs sold securities worth ₹8,624.25 crore, while FIIs bought securities worth ₹15,982.99 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.10 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Oil prices increased due to hopes of a US interest rate cut, but gains were limited by the resumption of US supply and weak economic data from China. Brent crude futures for November went up 0.2% to $71.76 per barrel, while US crude futures for October increased 0.3% to $68.88 per barrel.

Gold prices increased, helped by a weaker dollar. Spot gold climbed 0.2% to $2,580.81 per ounce, while US gold futures dipped slightly by 0.1% to $2,608.60.

Asian Markets

Asian markets had a mixed start on Monday following weak economic data from China. Markets in Japan, China, South Korea, and Indonesia were closed due to holidays. Japan’s Nikkei futures fell, and the MSCI’s broad Asia-Pacific index, excluding Japan, remained mostly unchanged after rising 0.8% last week. Hong Kong’s Hang Seng index futures also dropped.

US Markets

On Friday, the US stock market closed higher, driven by expectations of a bigger interest rate cut from the Federal Reserve this week. The Dow Jones Industrial Average rose by 297.01 points (0.72%) to 41,393.78, while the S&P 500 gained 30.26 points (0.54%) to 5,626.02. The Nasdaq Composite increased by 114.30 points (0.65%) to close at 17,683.98.

Adobe shares fell 8.5%, Boeing dropped 3.7%, and PDD Holdings slipped 2.4%, while Uber shares surged 6.4%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 17, 2024

Indian markets are likely to get support on September 17, 2024, as global investors look forward to key policy announcements and statements from the US Federal Reserve.

The domestic equity indices are likely to get support on September 17, 2024, on the back of positive cues from GIFT Nifty futures. This comes as global investors are focused on the upcoming policy announcements and statements from the US Federal Reserve, set for Wednesday. At 08:10 AM, Gifty Nifty traded at 25,487, reflecting a loss of 15.50 points or 0.06%.

Previous Trading Session

On September 16, 2024, both the benchmark indices, Nifty 50 and Sensex, closed higher. Nifty 50 closed at 25,383.75 with a gain of 0.11%, while Sensex was up 0.12% to 82,988.78. The volatility indicator Nifty VIX slipped by 0.71% to 12.46, reflecting a decline in volatility.

FII and DIIs

On September 16, 2024, DIIs sold securities worth ₹9,270.98 crore, while FIIs bought securities worth ₹8,617.10 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.99 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Crude oil prices continued to rise due to concerns about US production. Brent crude futures for November increased by 0.2% to $72.91 per barrel, while US crude futures for October went up by 0.5% to $70.43 per barrel.

Meanwhile, spot gold slipped slightly by 0.06% to $2,580.51 per ounce.

Asian Markets

Asian markets had mixed performance after a similar session on Wall Street. Japan’s Nikkei 225 dropped by 1.24%, and the Topix was down 1.07%. In contrast, Hong Kong’s Hang Seng index rose by 0.56%. Markets in South Korea, mainland China, and Taiwan were closed.

US Markets

The US stock market had a mixed close on Monday, with the Dow Jones reaching a record high. The Dow Jones Industrial Average jumped 228.30 points (0.55%) to 41,622.08, while the S&P 500 gained 7.07 points (0.13%) to 5,633.09. Meanwhile, the Nasdaq Composite fell by 91.85 points (0.52%) to 17,592.13.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 18, 2024

Sensex and Nifty 50 may find support amid mixed global trends ahead of the US Fed’s rate decision. Crude and gold are steady, US markets are mixed, and Asian markets show varied performance.

On September 18, 2024, the Indian stock market indices Sensex and Nifty 50 are likely to be supported as global markets show a mixed trend ahead of the US Federal Reserve’s decision on monetary policy later today.

Previous Trading Session

On September 17, 2024, the Indian stock market closed slightly higher as traders stayed cautious before the US Federal Reserve’s policy meeting. The Sensex rose by 90.88 points, or 0.11%, to end at 83,079.66, while the Nifty 50 increased by 34.80 points, or 0.14%, to finish at 25,418.55.

FII and DIIs

On September 17, 2024, DIIs sold securities worth ₹10,085.83 crore, while FIIs bought securities worth ₹13,095.19 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.04 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Crude oil prices levelled off after reaching their highest in over 2 weeks. Brent crude slipped slightly by 0.05% to $73.66 per barrel, while US West Texas Intermediate (WTI) crude futures dropped 0.15% to $71.08 per barrel.

Gold prices held steady as investors prepared for the first expected Fed rate cut in over 4 years. Spot gold edged up 0.1% to $2,572.11 per ounce after reaching a record high of $2,589.59 on Monday. US gold futures also increased by 0.2% to $2,598.30.

Asian Markets

Asian markets showed mixed performance as investors awaited the US Fed’s interest rate decision. Japan’s Nikkei 225 rose by 1.22%, and the Topix increased by 0.9%. Meanwhile, the markets in South Korea and Hong Kong remained closed today. Futures for China’s CSI 300 were up at 3,163.

US Markets

The US stock market had a mixed close on Tuesday, with the Dow Jones reaching a record intraday high for the second day in a row. The Dow Jones Industrial Average dropped 15.90 points, or 0.04%, to 41,606.18. Meanwhile, the S&P 500 gained 1.49 points, or 0.03%, to 5,634.58, and the Nasdaq Composite increased by 35.93 points, or 0.20%, to finish at 17,628.06.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 19, 2024

On September 19, Sensex and Nifty 50 are likely to be supported after the US Fed’s larger-than-expected rate cut. Crude oil prices dip, while gold remains stable.

On September 19, 2024, the Indian stock market indices Sensex and Nifty 50 are likely to be supported after the US Federal Reserve made a larger-than-expected cut to interest rates.

Previous Trading Session

On September 18, 2024, Indian stock markets closed lower after a volatile trading session as investors remained cautious ahead of the important US Fed policy meeting. The Sensex dropped 131.43 points, or 0.16%, to finish at 82,948.23, while the Nifty 50 fell 41.00 points, or 0.16%, to 25,377.55.

FII and DIIs

On September 18, 2024, DIIs sold securities worth ₹11,642.20 crore, while FIIs bought securities worth ₹11,654.00 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.89 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Crude oil prices dropped after the US Fed’s unexpected larger rate cut raised worries about the state of the US economy. Brent crude for November decreased by 0.46% to $73.31 per barrel, while WTI crude for October fell by 0.59% to $70.49 per barrel.

Gold prices remained steady on Thursday as investors considered Fed Chair Jerome Powell’s remarks following the significant rate cut by the US central bank. Spot gold was nearly unchanged at $2,558.00 per ounce. On Wednesday, bullion hit an all-time high of $2,599.92 before declining, according to Reuters. Meanwhile, US gold futures dropped by 0.6% to $2,582.70.

Asian Markets

Asian markets traded higher on Thursday, boosted by a rally in Japan’s Nikkei after the US Federal Reserve’s significant rate cut. The Nikkei climbed 2.1%, and the Topix increased by 1.9%. South Korea’s Kospi rose 0.57%, while the Kosdaq gained nearly 1%. Meanwhile, Hong Kong’s Hang Seng index futures pointed to a flat start, and mainland China’s CSI 300 futures were slightly below their Tuesday close.

US Markets

The US stock market ended slightly lower on Wednesday, pulling back from earlier gains following the US Fed’s rate cut. The Dow Jones Industrial Average dropped 103.08 points, or 0.25%, to 41,503.10. The S&P 500 lost 16.32 points, or 0.29%, closing at 5,618.26, and the Nasdaq Composite fell 54.76 points, or 0.31%, to 17,573.30.

The Russell 2000 index surged as much as 2.44% during the day but ended just 0.04% higher. The KBW Regional Bank Index jumped 3.53% at its peak before closing with a 0.46% gain.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 20, 2024

On Sep 20, 2024, Sensex and Nifty 50 are likely to get support, boosted by global market gains. The previous session saw record highs after the US Fed’s rate cut.

On September 20, 2024, the Indian stock market indices Sensex and Nifty 50 are likely to be supported as global markets have seen a rally.

Previous Trading Session

On September 19, 2024, the Indian stock market closed higher after the US Fed announced a large rate cut, with both the Sensex and Nifty 50 reaching record highs during the day. The Sensex rose by 236.57 points (0.29%) to end at 83,184.80, while the Nifty 50 went up by 38.25 points (0.15%) to finish at 25,415.80.

FII and DIIs

On September 19, 2024, DIIs sold securities worth ₹14,221.83 crore, while FIIs bought securities worth ₹17,852.32 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.18 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Gold prices increased by 1.15% to $2,588.34 per ounce. Oil prices also went up, driven by the expectation that lower interest rates would boost demand. Brent crude futures rose above $74 per barrel for the first time in over a week, closing at $74.88, up 1.67% for the day. Meanwhile, US crude ended 1.47% higher at $71.95 per barrel.

Asian Markets

Asian markets were up on Friday, following a strong rally on Wall Street overnight, with Japan’s Nikkei showing the most gains. The Nikkei 225 jumped 1.9%, and the Topix increased by 1.63%. South Korea’s Kospi rose 1.45%, and the Kosdaq surged 1.51%. Hong Kong’s Hang Seng index futures pointed to a higher start, while mainland China’s CSI 300 futures remained steady.

US Markets

US stock market indexes closed higher on Thursday, with the S&P 500 and Dow reaching record levels during the day. The Dow Jones Industrial Average rose 1.26% to 42,025.19, surpassing the 42,000 mark for the first time. The S&P 500 gained 1.7% to end at 5,713.64, breaking past 5,700 for the first time. The Nasdaq Composite jumped 2.51% to finish at 18,013.98.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 23, 2024

On September 23, 2024, Sensex and Nifty 50 are likely to get support, as global markets show a mixed trend. In the previous session, the benchmark indices closed higher.

On September 23, 2024, the Indian stock market indices Sensex and Nifty 50 are likely to be impacted, as global markets show a mixed trend.

Previous Trading Session

On September 20, 2024, the market closed higher for the second consecutive week. Indian equity indices finished strong, with Nifty nearing 25,800. At the close, the Sensex gained 1,359.51 points, or 1.63%, to settle at 84,544.31, while the Nifty rose 375.20 points, or 1.48%, to end at 25,791.

FII and DIIs

On September 20, 2024, DIIs sold securities worth ₹21,414.50 crore, while FIIs bought securities worth ₹59,452.33 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.48 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

On September 20, 2024, gold prices hit an all-time high of $2,607 per ounce. Brent crude futures dropped by 0.52%, closing at $74.49 per barrel. Meanwhile, WTI crude oil futures stayed mostly flat, closing at $71.9 per barrel.

Asian Markets

On Monday, Asian stocks remained stable, with central bank meetings expected to bring two more rate cuts, and key U.S. inflation data hinting at further easing. Trading was light due to a holiday in Japan, and MSCI’s broad index of Asia-Pacific shares outside Japan remained mostly unchanged after a 2.7% rise the previous week.

US Markets

U.S. stocks ended a volatile session with mixed results on Friday, as uncertainty remained after the previous session’s rally, driven by the Federal Reserve’s significant interest rate cut. The S&P 500 and Nasdaq dipped by 0.2% and 0.3%, respectively, while the Dow Jones gained 36 points, extending its record high from the previous day.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 24, 2024

On September 24, 2024, Sensex and Nifty 50 are likely to get support, due to a positive trend in the global markets. In the previous session, the benchmark indices closed higher.

On September 24, 2024, the Indian stock market indices Sensex and Nifty 50 are likely to get support, due to a positive trend in the global markets.

Previous Trading Session

On September 23, 2024, Indian benchmark indices, the BSE Sensex and NSE Nifty50, surged to historic highs before settling at record closing highs on Monday. The Sensex added as much as 384.30 points or 0.45% to settle at 84,928.61. Nifty50 touched an all-time high of 25,956 before ending Monday’s session with a gain of 148.10 points or 0.57% at 25,939.05.

FII and DIIs

On September 23, 2024, DIIs bought securities worth ₹11,666.36 crore, while FIIs bought securities worth ₹12,094.89 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.51 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

On Monday, Crude oil prices increased. Brent crude futures for November rose 0.3% to $74.11 a barrel, while US crude futures for November gained 0.3% to $70.61. Gold prices in India were around ₹75,000 per 10 grams.

Asian Markets

On Tuesday, Asian markets traded higher, driven by optimism surrounding China’s stimulus measures. Japan’s Nikkei 225 climbed 1.47%, while the Topix gained 1%. South Korea’s Kospi rose 0.6%, and the Kosdaq increased by 0.68%. Hong Kong’s Hang Seng Index surged 2.18%, and mainland China’s CSI 300 advanced 1%.

US Markets

The U.S. stock market closed with moderate gains on Monday after Federal Reserve policymakers expressed support for rate cuts and signalled the possibility of further reductions this year. The Dow Jones Industrial Average increased by 61.29 points (0.15%) to reach 42,124.65, while the S&P 500 rose 16.02 points (0.28%) to 5,718.57. The Nasdaq Composite edged up 25.95 points (0.14%) to close at 17,974.27.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 25, 2024

On September 25, 2024, Sensex and Nifty 50 are likely to begin on a stable note, reflecting the mixed signals from global markets.

On September 25, 2024, the domestic equity market indices, Sensex and Nifty 50, are likely to begin on a steady note, reflecting the mixed signals from global markets.

Previous Trading Session

On September 24, 2024, Indian benchmark indices, at the closing bell, the BSE Sensex was down 15 points at 84,914. The Nifty 50 also touched a fresh record high, while also breaching the psychological level of 26,000. At close, the 50-stock index was marginally up by 0.01%, at 25,940.

FII and DIIs

On September 24, 2024, DIIs bought securities worth ₹15,939.51 crore, while FIIs sold securities worth ₹22,895.51 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.28 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Crude oil prices continued to climb, building on gains from the previous session on Tuesday. Brent crude futures increased by 0.13% to $75.27 per barrel, while US WTI crude rose by 0.15% to $71.67 per barrel. Spot gold remained steady at $2,658.07 per ounce, after reaching a record high of $2,664.25 on Tuesday.

Asian Markets

On Wednesday, most Asian markets traded higher, following gains from Wall Street overnight, while China unveiled policy stimulus measures. Japan’s Nikkei 225 dipped slightly, but the Topix increased by 0.3%. South Korea’s Kospi rose by 0.4%, and the Kosdaq advanced by 0.43%. Futures for Hong Kong’s Hang Seng Index pointed to a strong opening.

US Markets

In the US, stock markets closed higher on Tuesday, with the S&P 500 and Dow Jones both reaching record highs. The Dow Jones Industrial Average added 83.57 points, or 0.20%, finishing at 42,208.22, while the S&P 500 climbed 14.36 points, or 0.25%, to 5,732.93. The Nasdaq Composite rose 100.25 points, or 0.56%, to close at 18,074.52.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 26, 2024

On September 25, 2024, Sensex and Nifty 50 hit record highs, while DIIs bought ₹12,899.34 crore in securities and FIIs sold ₹16,060.82 crore.

On September 26, 2024, the domestic equity market indices, Sensex and Nifty 50, are likely to remain volatile, amid a mixed trend in the global markets.

Previous Trading Session

On September 25, 2024, India’s benchmark indices, BSE Sensex and NSE Nifty50, bounced back from early losses to reach new highs, closing at record levels. The Sensex gained 0.30%, finishing the day at 85,169.87. Nifty50 hit an all-time high of 26,032.80 before closing with a 0.25% rise at 26,004.15.

FII and DIIs

On September 25, 2024, DIIs bought securities worth ₹12,899.34 crore, while FIIs sold securities worth ₹16,060.82 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.31 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

Crude oil prices remained relatively stable after a more than 2% decline in the previous session. Brent crude edged up 0.07% to $73.51 per barrel, while US WTI futures increased by 0.03% to $69.71.

Gold prices held steady after reaching a record high in the prior session, with spot gold at $2,656.60 per ounce. Bullion had previously peaked at $2,670.43 on Wednesday, while US gold futures dipped 0.2% to $2,680.00.

Asian Markets

Asian markets moved higher on Thursday, with Chinese markets extending their rally for the fifth consecutive session. Japan’s Nikkei 225 jumped 1.7%, and the Topix rose 1.2%. South Korea’s Kospi climbed 1.77%, and the Kosdaq gained 1.51%. Hong Kong’s Hang Seng futures signaled a positive opening, heading for a third straight day of gains, while Mainland China’s CSI 300 reached its highest level in nearly two months.

US Markets

US markets ended mixed on Wednesday. The Dow Jones Industrial Average fell 293.47 points, or 0.70%, to 41,914.75, snapping a four-day winning streak after hitting record highs. The S&P 500 dropped 10.67 points, or 0.19%, to 5,722.26, while the Nasdaq Composite gained 7.68 points, or 0.04%, closing at 18,082.21.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 27, 2024

On September 26, 2024, Sensex closed at 85,836.12 and Nifty at 26,216.05, both at record highs. FIIs bought ₹26,421.21 crore.

On September 27, 2024, the domestic equity market indices, Sensex and Nifty 50, are likely to get support, followed by gains in the global markets.

Previous Trading Session

On September 26, 2024, Indian benchmark indices BSE Sensex and NSE Nifty50 continued their upward momentum, hitting new record highs before closing at all-time peaks. The Sensex surged 666.25 points, or 0.78%, to finish at 85,836.12, after reaching an intraday high of 85,930.43—just 70 points short of 86,000. Similarly, the Nifty50 soared to a new peak of 26,250.90 before closing with a gain of 211.90 points, or 0.81%, at 26,216.05.

FII and DIIs

On September 26, 2024, DIIs bought securities worth ₹15,461.30 crore, while FIIs bought securities worth ₹26,421.21 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.30 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

On Thursday, crude oil prices fell for a third consecutive day due to concerns over anticipated higher supplies. Brent crude prices dropped 0.78% to $71.04 per barrel, while US WTI crude futures declined 0.84% to $67.10. On September 26, gold prices in India hovered around ₹76,000 per 10 grams.

Asian Markets

Asian markets showed mixed performance on Friday, following an overnight rally on Wall Street and supported by China’s stimulus measures. Japan’s Nikkei 225 rose 0.52%, while the Topix slipped 0.23%. South Korea’s Kospi fell 0.18%, and the Kosdaq dropped 0.15%. Hong Kong’s Hang Seng index futures pointed to a higher opening.

US Markets

US stock markets closed higher on Thursday, with the S&P 500 reaching a record closing high amid strong economic data. The Dow Jones Industrial Average gained 260.36 points, or 0.62%, to 42,175.11, while the S&P 500 rose 23.11 points, or 0.40%, to finish at 5,745.37 after hitting a record intraday high of 5,767.37. The Nasdaq Composite climbed 108.09 points, or 0.60%, to end at 18,190.29.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on September 30, 2024

The Indian stock markets are likely to open on a muted start on the back of signals by GIFT Nifty futures, tracking weakness in major global markets.

On September 30, 2024, the domestic equity market indices, Sensex and Nifty 50, are likely to remain weak due to a fall in Asian markets. At 08:00 AM, SGX Nifty was trading lower 0,28% to 26,279.50.

Previous Trading Session

On September 27, 2024, the domestic equity market indices ended lower amid profit booking at record high levels. The Sensex dropped 264.27 points to close at 85,571.85, while the Nifty 50 closed 37.10 points, or 0.14%, lower at 26,178.95.

FII and DIIs

On September 27, 2024, DIIs bought securities worth ₹6,886.65 crore, while FIIs sold securities worth ₹1,209.10 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.04 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

As worries over a potential boost in Saudi Arabian supplies offset Middle East tensions, oil prices fluctuated. US crude increased 3 cents to $68.21 a barrel, while Brent lost 1 cent to $71.86. Lower bond yields and a weaker currency helped gold to all-time highs of $2,685 an ounce. It was headed for its best quarter since 2016 when it was last trading at $2,664 an ounce.

Asian Markets

On Monday, Asian markets traded lower led by a significant fall in Japanese stocks. Japan’s Nikkei 225 plunged over 4%, while the Topix fell 3.13%. South Korea’s Kospi dropped 0.54%, and the Kosdaq fell 0.49%. Hong Kong’s Hang Seng index futures indicated a lower opening.

US Markets

On Friday, the US stock market witnessed a mixed trading session, with the blue-chip Dow Jones index closing at a record high. The Dow Jones Industrial Average gained 137.89 points, or 0.33%, to 42,313.00, while the S&P 500 dropped 7.20 points, or 0.13%, to 5,738.17. The Nasdaq Composite settled 70.70 points, or 0.39%, lower at 18,119.59.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on October 1, 2024

The Indian stock markets are likely to open on a muted start on the back of signals by GIFT Nifty futures, tracking weakness in major global markets.

On October 1, 2024, the domestic equity market indices, Sensex and Nifty 50 may showcase a flat opening amid mixed global cues.

Previous Trading Session

On September 30, 2024, the benchmark indices slipped more than a percent lower each, with the Nifty 50 falling below its psychological level of 26,000. The Sensex tumbled 1,272.07 points, or 1.49%, to close at 84,299.78, while the Nifty 50 settled 368.10 points, or 1.41%, lower at 25,810.85.

FII and DIIs

On September 30, 2024, DIIs bought securities worth ₹6,645.80 crore, while FIIs sold securities worth ₹9,791.93 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.66 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude and Gold Prices

In the oil markets, US crude ended September down 1% at $68.17 a barrel, but had experienced its largest monthly decline since October 2023 when it fell 7%. Brent edged down 21 cents to $71.77 a barrel. Following a historic gain spurred by US monetary easing and elevated tensions in the Middle East, gold dropped. Spot gold dropped 1% to an ounce for $2,631.39. US gold futures dropped to $2,629.90 an ounce, down 0.54%.

Asian Markets

Due to the public holiday, most of the Asian markets, including South Korea, Hong Kong, and mainland China, are closed today, while China markets will remain closed for the rest of the week due to Golden Week celebrations. Japan’s Nikkei 225 rebounded sharply, gaining 1.73% after a 4.8% decline on Monday, while the Topix rose 1.43%. In contrast, Australia’s S&P/ASX 200 fell 0.47 %, pulling back from an all-time high.

US Markets

On Monday, the Dow Jones Industrial Average rose 0.04%, to 42,330.15, the S&P 500 rose 0.42%, to 5,762.48 and the Nasdaq Composite rose 0.38%, to 18,189.17. For the month, the S&P 500 gained 2.01% and for the quarter it rose 5.53%

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.