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.

3

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.

5

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.

8

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.

10

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.

12

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.

14

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.

16

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.