Bources may open flat to negative on Sept 11

11 Sep 2024 , 07:46 AM

Indian benchmark Indices are likely to open flat on September 11 amid global cues. The GIFT Nifty was 35 points down trading at 25,075 at 7 am IST.

On September 10, the Sensex rose 362 points and closed at 81,921 while Nifty climbed 105 points to 25,041. This was led by IT, Telecom, Power and healthcare sectors.

On Wednesday morning, Asian markets were also shaky as investors are waiting for the US inflation data and ahead of debate for US Presidential elections between Donald Trump and Kamala Harris. At the same time, oil prices were also at 3-years low due to the concerns of low demand outlook.

Wall Street’s S&P 500 index edged up by 0.5% on Tuesday, however, gains were limited due to the concerns over a potential slowdown in economic growth. The Dow Jones Industrial Average slipped as banking stocks declined after warnings of weaker performance for the current quarter, and energy stocks also saw a downturn.

The Dow fell by 92.63 points, or 0.23%, to 40,736.96. Meanwhile, the S&P 500 rose by 24.47 points, or 0.45%, to 5,495.52, and the Nasdaq Composite climbed 141.28 points, or 0.84%, to 17,025.88.